Liberal Sen. Elizabeth Warren of Massachusetts said President Donald Trump called after she delivered a speech accusing him of raising costs and abusing power.
“This morning, I gave a speech noting how Donald Trump is driving up costs for families, sowing terror and chaos in our communities, and abusing his power to prosecute anyone who criticizes him. I also laid out an argument for how Democrats should fight back and win,” Warren said in her statement.
Warren spoke at a National Press Club event and later expanded on her criticisms during a question-and-answer session.
“In my remarks, I made it clear that despite promising to lower costs On Day One, Trump has done nothing but raise costs for families,” she said in the statement.
According to Warren, Trump contacted her after the event.
“I told him that Congress can pass legislation to cap credit card rates if he will actually fight for it. I also urged him to get House Republicans to pass the bipartisan ROAD to Housing Act,” that “would build more housing and lower costs,” she said in the statement.
“President Trump and Sen. Warren had a productive call about credit card interest rates and housing affordability for the American people,” a White House official noted.
The call comes after Trump posted on Truth Social last week proposing a temporary cap on credit card interest rates.
“Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%. Coincidentally, the January 20th date will coincide with the one year anniversary of the historic and very successful Trump Administration,” he declared in the post.
