Elizabeth Warren Blames Trump's Inaction, Says President Costing American Families $368 Million In Credit Card Interest — Every Single Day

Benzinga05-12 15:22

Sen. Elizabeth Warren (D-Mass.) expressed concerns on Monday over increased credit card spending, saying Americans are paying higher interest rates under the President Donald Trump administration. In ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2634095291?lang=en_US&edition=fundamental","thumbnail":"https://cdn.benzinga.com/files/images/story/2026/05/12/Arlington--Va---February-13--2020-Senato.jpeg?optimize=medium&dpr=2&auto=webp&width=260","is_english":true,"pubTime":"2026-05-12 15:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2634095291","market":"us","top_or_hot":-1,"title":"Elizabeth Warren Blames Trump's Inaction, Says President Costing American Families $368 Million In Credit Card Interest — Every Single Day","media":"Benzinga","content":"<div>\n<p>Sen. Elizabeth Warren (D-Mass.) expressed concerns on Monday over increased credit card spending, saying Americans are paying higher interest rates under the President Donald Trump administration.\nIn ...</p>\n\n<a href=\"https://www.benzinga.com/markets/economic-data/26/05/52476482/elizabeth-warren-trump-credit-card-interest-families\">Source Link</a>\n\n</div>\n","source":"benzinga_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elizabeth Warren Blames Trump's Inaction, Says President Costing American Families $368 Million In Credit Card Interest — Every Single Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElizabeth Warren Blames Trump's Inaction, Says President Costing American Families $368 Million In Credit Card Interest — Every Single Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-12 15:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/economic-data/26/05/52476482/elizabeth-warren-trump-credit-card-interest-families><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sen. Elizabeth Warren (D-Mass.) expressed concerns on Monday over increased credit card spending, saying Americans are paying higher interest rates under the President Donald Trump administration.\nIn ...</p>\n\n<a href=\"https://www.benzinga.com/markets/economic-data/26/05/52476482/elizabeth-warren-trump-credit-card-interest-families\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4117","symbol_name":"多元化保险","start_time":0,"source_url":"https://www.benzinga.com/markets/economic-data/26/05/52476482/elizabeth-warren-trump-credit-card-interest-families","article_id":"2634095291","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/05/12/Arlington--Va---February-13--2020-Senato.jpeg?optimize=medium&dpr=2&auto=webp&width=260"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/markets/economic-data/26/05/52476482/elizabeth-warren-trump-credit-card-interest-families","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2634095291","pubTimestamp":1778570520,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Sen. Elizabeth Warren criticized the Trump administration over rising credit card interest costs, arguing that increased consumer spending reflects financial strain rather than economic strength as Americans face higher gasoline prices and borrowing costs.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4117":"多元化保险","BK4107":"财产与意外伤害保险","AFG":"美国金融集团有限公司"},"translate_title":"伊丽莎白·沃伦指责特朗普的不作为，称总统每天让美国家庭损失3.68亿美元的信用卡利息","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AFG":1.5},"content_text":"Sen. Elizabeth Warren (D-Mass.) expressed concerns on Monday over increased credit card spending, saying Americans are paying higher interest rates under the President Donald Trump administration.\nIn an X post, Warren said Trump's advisors are celebrating a surge in credit card spending, but Americans are feeling the pain of higher borrowing costs. She wrote, \"Americans have paid over $150 billion extra because Trump failed to keep his promise to cap credit card interest rates at 10%.\"\nShe pointed out that families are being charged an extra $368 million in interest \"every day Trump fails to deliver.\"\nWarren's comments came in response to remarks highlighted by The Hill from a Trump economic adviser, Kevin Hassett, who said, \"credit card spending is through the roof\" as households are spending more on gasoline and other items.\nSen. Bernie Sanders (I-Vt.) recently said, \"Americans are forced to put more of their spending on credit cards because of outrageously high prices.\" That’s a win for big banks charging 30% interest rates. It’s a disaster for working people.”\nU.S. consumer spending surged by 1.7% in March, marking the largest monthly gain since January 2023. This was largely driven by a 15.5% increase in sales at gasoline stations, suggesting that even amid rising costs, consumers are continuing to spend, defying expectations of a slowdown in economic activity.\nGasoline prices have surged about 61% since December, as oil prices have been spiking since the Iran war began. According to The Kobeissi Letter, Americans will spend roughly $90 billion more on gasoline in a year than they would at $3 per gallon.\nAAA data shows gasoline prices are trending at $4.52 per gallon.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor.\nPhoto Courtesy: Bryan J. Scrafford on Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2634095291","isCrawlerRequest":true}