What Donald Trump and Bernie Sanders get wrong about credit cards
Forget interest rates. Rewards are the real problem
Democrats spent much of the presidential-election campaign calling Donald Trump a fascist. Mr Trump is hardly known for his conciliatory nature. So few American politicos expect there to be much bipartisanship in his second term. Yet in one place there is already a flicker of cross-aisle agreement: a proposal to cap interest rates on credit-card repayments at 10% has won the support of both Mr Trump and Bernie Sanders, perhaps the most prominent left-wing Democrat.
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This article appeared in the Finance & economics section of the print edition under the headline “Missing the points”
Finance & economics November 23rd 2024
- How to make Elon Musk’s budget-slashing dreams come true
- Donald Trump’s gas war is about to begin
- Is China really a nation of slackers?
- Should investors just give up on stocks outside America?
- Vladimir Putin is in a painful economic bind
- Computers unleashed economic growth. Will artificial intelligence?
- What Donald Trump and Bernie Sanders get wrong about credit cards
From the November 23rd 2024 edition
Discover stories from this section and more in the list of contents
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Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer
How Trump, Starmer and Macron can avoid a debt crunch
With deficits soaring, their finance ministers will have to be smart
What Scott Bessent’s appointment means for the Trump administration
The president-elect’s nominee for treasury secretary faces a gruelling job
Computers unleashed economic growth. Will artificial intelligence?
Two years after ChatGPT-3.5 arrived, progress has been slower than expected
Should investors just give up on stocks outside America?
No, but it is getting a lot harder to keep the faith
Is China really a nation of slackers?
A new survey raises the question