00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Trump has rolled out a series of populist economic proposals as he and Republicans
00:07trail in polls ahead of the midterm elections, according to CNBC. Trump called for a one-year
00:1210% cap on credit card interest, proposed barring large private equity firms from buying single
00:18family homes, and said he would restrict defense companies from issuing dividends or stock buybacks.
00:23A CBS News poll showed 39% approval of Trump's handling of the economy, with 61% disapproving.
00:31Some Republicans criticized the proposals as poorly defined, overly Democratic in tone,
00:36and an effort to divert attention from the administration's record.
00:40White House spokesperson Kush Desai has a mandate to break with Washington consensus politics
00:45and is pursuing deregulation and tax cuts to reverse what it described as economic damage
00:50under Biden.
00:50Several proposals would require congressional approval.
00:54For all things money, visit Benzinga.com.
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