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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French Parliament ousts second PM in less than a year, fueling instability
The French government faces turmoil as lawmakers ousted Prime Minister François Bayrou over his unpopular 44 billion euro budget cuts aimed at addressing economic issues, marking the second prime ministerial dismissal in nine months. President Macron, constrained by term limits and grappling with a divided electorate, may struggle to stabilize his minority government as far-right sentiments rise amid ongoing economic challenges and anticipated protests. Want More Context? 🔎
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