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Chris Berkel, Investment Adviser

Trump Backed a 10% Cap on Credit Card Interest Rates: What That Could Mean for Americans' Debt Problems

Donald Trump Interest Rates

(Image credit: Getty Images)

To curb record-breaking credit card debt, the Trump administration has backed a proposal to temporarily cap credit card interest rates at 10% for one year.

While the proposal has stalled for now, the underlying debt problems for consumers haven't. According to the New York Fed, Americans are shouldering $1.25 trillion in credit card debt.

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Top stories on inkl right now

Why won’t India’s election chief resign despite massive protests against him?

Why won’t India’s election chief resign despite massive protests against him?

As demonstrations sweep India demanding Gyanesh Kumar’s ouster for allegedly manipulating voter rolls, analysts tell Namita Singh the confrontation is about far more than one official

The Independent UK

Ken Paxton stirs vaccine skepticism to ingratiate himself with Maha movement

Ken Paxton stirs vaccine skepticism to ingratiate himself with Maha movement

Texas AG and US Senate hopeful announced inquiry into alleged conspiracy between pediatricians, vaccine makers and insurance firms

The Guardian - US

Five Probable Measles Cases in One Rock County Household Have No Known Link to Southwest Wisconsin Outbreak

Five Probable Measles Cases in One Rock County Household Have No Known Link to Southwest Wisconsin Outbreak

Five probable measles cases in one Rock County, Wisconsin, household are not tied to the state's larger outbreak. Here is what families should check.

France and Chad sign 'renewed' defence partnership following two-year hiatus

France and Chad sign 'renewed' defence partnership following two-year hiatus

French President Emmanuel Macron on Tuesday hosted Chadian leader Mahamat Idriss Déby Itno, as the two countries seek to rebuild ties two years after N'Djamena ordered French forces to leave its territory. The countries' defence ministers signed a declaration of intent to structure their defence cooperation "on a renewed basis".

Radio France Internationale

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Airlines Face Israel Crew Rules: After flydubai incident, Air France bans Pakistani, Muslim-majority pilots

Airlines Face Israel Crew Rules: After flydubai incident, Air France bans Pakistani, Muslim-majority pilots

Air France has confirmed it is complying with new Israeli restrictions that bar flight crew members from certain nationalities from operating flights to Israel, a policy that reportedly affects citizens of 31 countries, most of them Muslim-majority nations, including Pakistan, Iran, Saudi Arabia, Algeria and Tunisia.

The Times of India

First Thing: Pope Leo recovering from surgery after lung cancer diagnosis

First Thing: Pope Leo recovering from surgery after lung cancer diagnosis

Vatican says operation on US-born head of Roman Catholic church was ‘successful’

The Guardian - UK

Related Stories

Top stories on inkl right now

Why won’t India’s election chief resign despite massive protests against him?

Why won’t India’s election chief resign despite massive protests against him?

As demonstrations sweep India demanding Gyanesh Kumar’s ouster for allegedly manipulating voter rolls, analysts tell Namita Singh the confrontation is about far more than one official

The Independent UK

Ken Paxton stirs vaccine skepticism to ingratiate himself with Maha movement

Ken Paxton stirs vaccine skepticism to ingratiate himself with Maha movement

Texas AG and US Senate hopeful announced inquiry into alleged conspiracy between pediatricians, vaccine makers and insurance firms

The Guardian - US

Five Probable Measles Cases in One Rock County Household Have No Known Link to Southwest Wisconsin Outbreak

Five Probable Measles Cases in One Rock County Household Have No Known Link to Southwest Wisconsin Outbreak

Five probable measles cases in one Rock County, Wisconsin, household are not tied to the state's larger outbreak. Here is what families should check.

France and Chad sign 'renewed' defence partnership following two-year hiatus

France and Chad sign 'renewed' defence partnership following two-year hiatus

French President Emmanuel Macron on Tuesday hosted Chadian leader Mahamat Idriss Déby Itno, as the two countries seek to rebuild ties two years after N'Djamena ordered French forces to leave its territory. The countries' defence ministers signed a declaration of intent to structure their defence cooperation "on a renewed basis".

Radio France Internationale

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Airlines Face Israel Crew Rules: After flydubai incident, Air France bans Pakistani, Muslim-majority pilots

Airlines Face Israel Crew Rules: After flydubai incident, Air France bans Pakistani, Muslim-majority pilots

Air France has confirmed it is complying with new Israeli restrictions that bar flight crew members from certain nationalities from operating flights to Israel, a policy that reportedly affects citizens of 31 countries, most of them Muslim-majority nations, including Pakistan, Iran, Saudi Arabia, Algeria and Tunisia.

The Times of India

First Thing: Pope Leo recovering from surgery after lung cancer diagnosis

First Thing: Pope Leo recovering from surgery after lung cancer diagnosis

Vatican says operation on US-born head of Roman Catholic church was ‘successful’

The Guardian - UK

Our Picks

Illinois woman gets a cup of soda at gas station fountain machine. Then she sees what is floating inside: ‘Imagine you got a Coke’

Not thirsty anymore.

We Got This Covered

'Not Sexy': Dakota Johnson Reveals the Surprising Truth About Sex Scenes and Her First Intimacy Coordinator

Dakota Johnson has described intimate scenes as carefully planned, uncomfortable work, while praising her first intimacy coordinator and discussing body confidence and lessons from her mother, Melanie Griffith.

International Business Times UK

Smoking may affect fertility in both men and women, new study finds

Scientists said the study could help us understand the links between smoking and infertility

The Independent UK

Warner Music Sues Ray-Ban Owner Over Unlicensed Taylor Swift Clips

A Warner Music lawsuit accuses firms linked to Ray-Ban owner EssilorLuxottica of using 427 copyrighted works in social media adverts without permission.

International Business Times UK

NYC woman orders birthday cake for husband. Then she opens box and realizes bakery followed her decorating instructions a little too literally

It took a while for her husband to realize the mistakes on his cake.

We Got This Covered

Palantir’s CTO claims AI researchers are smoking to prove they believe AI will cure cancer, and he says it’s a sign of tech-fueled ‘mass psychosis’

Sankar attacked AI doomers in a recent interview.

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