January 12, 2026

In an unexpected move, President Donald Trump reached out to Senator Elizabeth Warren (D-Mass.) on Monday, following her pointed critique of his administration's efforts to manage the escalating costs affecting Americans. The conversation came after Warren's forceful remarks at the National Press Club, where she challenged the President's commitment to affordability.
“After my speech, the President called me, and I delivered this same message on affordability to him directly,” Warren disclosed in a public statement. She emphasized her proposition to the President: Congress is ready to enact legislation to cap credit card rates, pending his active support.
This dialogue traces back to a recent proposal by President Trump, who on Friday expressed intentions via his Truth Social platform to implement a temporary cap on credit card interest rates at 10 percent starting January 20th, as a measure to enhance affordability.
Senator Warren, a long-time advocate for financial regulation, remarked that she had previously approached Trump with the idea of capping interest rates. During her address on Monday, she reiterated the urgency of executive action in these matters, stating, "if the president really wants to get something done, including capping credit card interest rates or lowering housing costs, he would use his leverage and pick up the phone.”
A White House official verified the occurrence of the call to POLITICO and chose not to elaborate on the specifics of the discussion.
In addition to credit card rate caps, Warren took the opportunity to push for another critical issue—housing affordability. She urged the President to exert his influence over House Republicans to ensure the passage of the Senate’s bipartisan legislation designed to reduce housing costs.
The Senate has already shown favor towards a substantial bipartisan housing package, which received Trump's approval. Meanwhile, the House Financial Services Committee has been actively crafting its own major housing legislation, with expectations of a floor vote looming in the coming weeks.
The Senator's direct conversation with Trump marks a notable moment of potential bipartisan cooperation aimed at tackling some of the most pressing financial burdens faced by ordinary Americans. As these discussions unfold, all eyes will be on the administration and Congress to see if these dialogues will translate into tangible legislative outcomes.