Bernie Sanders willing to work with Trump admin on capping credit card interests

Independent Vermont Sen. Bernie Sanders on Friday indicated one area that he was willing to work with President-elect Donald Trump and his administration on: capping credit card interest rates at 10%. 

Sanders, who largely works with Democrats despite his status as an independent, has been an advocate for the working-class and even withheld presidential endorsements until he was satisfied with their plans for his supporters. He also slammed Democrats for no longer being the party of the working class, after Trump won reelection last week.

The senator told the New York Times that Trump's promise to cap credit card interest rates was a "very good idea." Americans are currently paying over a trillion dollars in credit card debt, according to Newsweek.

"If Trump, for example, follows through on his proposal to limit interest rates on credit cards to 10%, which is what he campaigned on, absolutely I will be there," Sanders said. "I think it's time we told the people on Wall Street they cannot charge the desperate working-class people who have a hard time paying their bills' 25, 30, 40 percent interest rates."

Sanders reaffirmed the statement on a post to X, stating that he "looks forward" to working with the administration on fulfilling its promise. 

Trump had touted the concept of capping the rates during his presidential campaign in September, but Sanders and New York Democratic Rep. Alexandria Ocasio Cortez have previously proposed similar measures in Congress.

Misty Severi is an evening news reporter for Just The News. You can follow her on X for more coverage.