Millennial congresswomen Reps. Anna Paulina Luna and Alexandria Ocasio-Cortez have introduced legislation to cap credit card interest rates at 10%, aiming to protect working class Americans from high interest rates. Despite previous support from President Trump, experts warn that such a drastic cap could lead to credit rationing and harm low-income borrowers. The proposal faces opposition from banking groups and has not gained significant traction in Congress.
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Trump fires director of U.S. Copyright Office, sources say
The Trump administration has dismissed Shira Perlmutter, the head of the U.S. Copyright Office, following her office's report addressing concerns about artificial intelligence's use of copyrighted materials. This report questioned the relationship between AI data usage and its practical effectiveness, which may have clashed with President Trump's pro-AI stance. Perlmutter, appointed in October 2020, was among several officials recently removed by Trump, highlighting ongoing tensions regarding the administration's approach to technology and copyright law. Full...
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