Trump opens door to Liz Warren on credit card rates as GOP weighs affordability fight

President Donald Trump calls Sen. Elizabeth Warren to discuss capping credit card interest rates at 10%, finding common ground with progressive Democrats on affordability.

Sen. Elizabeth Warren speaks during a Senate Armed Services Committee confirmation hearing in Washington, Jan. 14, 2025. (Al Drago/Bloomberg via Getty Images)

When asked about Trump's call with Warren and other recent moves to work with left-wing politicians on the economy, the White House told Fox Digital that Trump is smashing the district's "obsession with consensus orthodoxy." 

"President Trump was given a resounding mandate by the American people to smash Washington, D.C.’s obsession with consensus orthodoxy that has let Americans down," White House spokesman Kush Desai said. "The Trump administration is turning the page on Joe Biden’s economic disaster by implementing traditional free market policies that do work — like deregulation and tax cuts — while rectifying the America Last policies that have Americans behind."

A White House official described the president's call with Warren as "productive" and focusing on credit card interest rates and affordability. 

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But getting Senate Republicans on board is another matter, given their disdain for any legislation remotely related to price controls. When asked if she believed Republicans might support that push, Warren wasn’t as optimistic. 

"Well, if they do, they've kept it well hidden," she said. 

President Donald Trump has been making inroads with progressive Democrats to discuss affordability, courting Sen. Elizabeth Warren in his pursuit of capping credit card interest rates. (Bonnie Cash/UPI/Bloomberg via Getty Images)

Newly-minted New York City Mayor Zohran Mamdani, whom Trump had described as a "communist," visited the White House in a warm meeting in November, when the pair discussed lowering costs and improving affordability for citizens, telling the media they share a vision on lowering the cost of living.

"When we spoke to those voters who voted for President Trump, we heard them speak about cost of living. We focused on that same cost of living. And that's where I am really looking forward to delivering for New Yorkers, in partnership with the president, on the affordability agenda," Mamdani said from the Oval Office. 

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Trump leaned into publicly promoting "affordability" in the late half of 2025, as Democrats in a handful of high-profile elections last off-year cycle centered their campaigns on lowering high prices they tied to the Trump administration. The three races, which included the New York City mayoral election and gubernatorial elections in New Jersey and Virginia, all handed Democrats wins over their GOP challengers. 

President Donald Trump speaks on inflation at Mount Airy Casino Resort in Mount Pocono, Pa., Dec. 9, 2025.  (Adam Gray/Bloomberg/Getty Images)

In recent months, the White House has touted a bevy of actions Trump has taken to ease the financial burden on Americans, including rolling out a housing-cost push that directed Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities to try to push mortgage rates down and make homeownership more affordable.

Separately, Trump has floated policy proposals he’s pitching as affordability fixes — including saying he’s taking steps to ban large institutional investors from buying additional single-family homes, an approach that overlaps with ideas Democrats have pursued through legislation aimed at curbing hedge fund and private equity ownership in the housing market.

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Trump is set to visit Michigan on Tuesday to promote manufacturing in the Rust Belt state. 

Alex Miller is a writer for Fox News Digital covering the U.S. Senate.

https://www.foxnews.com/politics/trump-opens-door-liz-warren-credit-card-rates-gop-weighs-affordability-fight