Trump's affordability and inflation agenda falters before midterms
Updated
Updated · Bloomberg · May 7
Trump's affordability and inflation agenda falters before midterms
9 articles · Updated · Bloomberg · May 7
A major housing bill has stalled on Capitol Hill over lawmakers' objections to a White House-negotiated provision, while Trump has stopped promoting a proposed 10% credit-card interest-rate cap.
The retreat undermines the administration's effort to show progress on voters' cost-of-living concerns, with some flagship measures delayed, abandoned or narrowed in scope.
Bank opposition and economists' doubts have compounded the political problem, leaving Trump with fewer policy wins on prices and household finances ahead of the midterm elections.
As key affordability plans fail before midterms, what is the administration's backup plan to ease rising living costs?
With a popular credit card rate cap abandoned, what new solutions can tackle America's $1.28 trillion debt burden?
A new housing bill is stalled by a rule critics claim will worsen the crisis. What is the path forward?