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Elizabeth Warren: “American families have accrued an additional $55 billion in…”

Featuring: Elizabeth Warren, Democratic | U.S. Senate, Massachusetts

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Donald Trump promised to cap credit card interest rates at 10% months ago.

Published | Video Starts at 00:40

According to the Century foundation, every day that Trump fails to enforce his cap, American families rack up an additional $368 million in credit card debt every single day. That means that American families have accrued an additional $55 billion in interest because Trump failed to deliver. You know, that's a lot of money. So let's put that in perspective. For about $38 billion, we could provide free pre k to every American child. (00:40–00:49)

CLAIM

Asserts that American families have accrued $55 billion in interest due to Trump's failure to cap rates.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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