Opinion

SEN ELIZABETH WARREN: President Trump's broken promise on credit cards

The president's Jan. 20 deadline has come and gone, and no one is surprised that the big banks have not voluntarily cut credit card rates to help American families

By Sen. Elizabeth Warren Fox News

Published February 23, 2026 5:00am EST

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Elizabeth Warren warns that Democrats need to ‘read the room’ on the economy

Progressive champion Sen. Elizabeth Warren urges Democrats to distance themselves from wealthy donors in midterm election push. (Credit: National Press Club)

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President Donald Trump could save American families hundreds of dollars on credit cards, but so far, he’s been all talk and no action.

At the State of the Union, President Trump will try to spin a happy story about his failed economic agenda. During his campaign, he promised to lower costs "on day one." He is now more than four hundred days into his second term, and his policies are forcing Americans to pay more for everything from groceries to housing and electricity. Last Friday, the Supreme Court rebuked him for illegally taking money from working families. And polls show the American people think the president is not doing enough to lower costs.

One way Trump could lower costs quickly is to follow through on his campaign promise to put a 10% cap on credit card interest rates. This could save the average........

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