Thune, Johnson Express Doubt About Trump’s Credit Card Rate Cap

Senate Majority Leader John Thune says he’s not advocating for a credit card interest rate cap, and House Speaker Mike Johnson says building consensus around the idea to pass legislation would require “a lot of work.”

• Thune and Johnson speak to reporters at the Capitol
• Thune says such a cap would likely cause many to lose access to credit
• Johnson separately tells reporters that he spoke to Trump about the idea on Monday
• NOTE: JPMorgan Says ‘Everything’ on Table to Fight 10% Credit Card Cap

To contact the reporters on this story:
Steven T. Dennis in Washington at sdennis17@bloomberg.net; ...