Trump Backs Bill Targeting Credit Card Industry

Former President Donald Trump has endorsed a bill that aims to cap credit card late fees, a move that has alarmed major financial institutions. This legislative push, focused on reducing fees charged by credit card companies, has found an unexpected ally in Trump.

The bill, which has been a point of contention for the banking industry, seeks to reform the way credit card companies levy charges on consumers. Details on the specific fee structures targeted by the bill were not immediately available.

Separately, Senator J.D. Vance has indicated that the U.S. is preparing to suspend companies like Microsoft from a green card program. Vance stated that the program would be suspended for firms "that have prioritized H-1B visa holders over American workers." The exact timeline and scope of this suspension remain unclear.

Additionally, the report highlighted growing concerns regarding the safety threat posed by "rogue pilots." The nature of these threats and the specific measures being considered to address them were not detailed.