U.S.: $1 Trillion in Debt: Can a Rate Cap Help?
Edited By WION Video Desk
Published: Jan 25, 2026, 10:51 IST | Updated: Jan 25, 2026, 10:51 IST
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American households are drowning in credit card debt, more than one trillion dollars and counting. Now, president Donald Trump is reviving a controversial idea: capping credit card interest rates at 10 percent for one year. Supporters say it could save borrowers billions. Banks warn it could slash credit access and hurt the economy.
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