For millions of Americans, the credit card bill has become one of the most stressful pieces of mail of the month. Credit card balances across the country hit $1.23 trillion in the third quarter of 2025, a year-over-year increase of nearly 6 percent, according to the Federal Reserve Bank of New York. With grocery prices still elevated and wages struggling to keep up, many families are using plastic just to get through the week. President Donald Trump says he has a fix. On January 9, he posted on Truth Social that “we will no longer let the American Public be