Speaker of the House Johnson

One of the things that the president probably had not thought through and others at first glance, it sounds great.

We should bring down interest rates to 10%.

It would help everybody, all borrowers.

There's a lot of Americans who have a lot of credit card debt.

But then what some of the experts have said as well, but the problem is if you do that, then the credit card companies, the negative secondary effect is that they would just stop lending money and maybe they cap what people are able to borrow at a very low amount.

And then that would have a negative effect on a lot of people who, you know, work on revolving credit.