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Sunday, November 24, 2024

Ro Khanna calls for financial reform amid rising credit card delinquencies

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Ro Khanna U.S. House of Representatives from California's 17th district | Official U.S. House headshot

Ro Khanna U.S. House of Representatives from California's 17th district | Official U.S. House headshot

Rep. Ro Khanna, who has been serving in the U.S. Congress representing California's 17th district since 2017, recently shared his views on pressing economic and international issues through a series of tweets. Khanna, born in Philadelphia and residing in Fremont, highlighted concerns ranging from domestic financial challenges to international human rights advocacy.

On November 22, 2024, Rep. Khanna addressed the rising credit card delinquency rate in the United States, which has reached 3.25%, marking the highest level since 2011. He expressed concern over "high interest rates" which he described as "predatory," suggesting they trap families in a cycle of debt. To combat this issue, he advocated for a legislative measure to "pass a 10 percent cap and give relief to Americans drowning in debt." "Credit card delinquency has risen to 3.25% — the highest level since 2011."

The following day, on November 23, 2024, Rep. Khanna turned his attention to international affairs, specifically supporting pro-democracy activists in Pakistan who were planning a march for justice over the weekend. He joined forces with other members of Congress including @RepCasar and @RepSusanWild by signing letters urging for the release of political prisoners in Pakistan and advocating for U.S. support for human rights globally. "This weekend, pro-democracy activists in Pakistan will march for justice."

On November 24, 2024, Khanna highlighted another domestic issue regarding healthcare costs by pointing out that family premiums for employee health insurance have increased by 7% over five years, reaching an average annual cost of $25,572. He emphasized how these rising costs are adversely affecting working people and middle-class families and called for Medicare For All as a solution to this ongoing challenge."In 5 years, family premiums for employee health insurance rose 7%, reaching an average of $25,572 annually."

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