Sen. has a new populist proposal that eschews the laissez-faire economics of old: he wants to install an 18 percent cap on credit card interest rates. The Republican tore into soaring interest rates - which hit an average of 28 percent this week just as credit card debt levels have surpassed $1 trillion in the U.S. In comments to , Hawley noted the government was 'quick to bail out the banks just this spring,' referring to of and Signature Bank of New York, but 'has ignored working people struggling to get ahead.'
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