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Kansas Citians support relief as bipartisan bill would cap credit card interest rates at 10%

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Kansas Citians support relief as bipartisan bill would cap credit card interest rates at 10%


KANSAS CITY, Mo. — Kansas City shoppers continue to search for financial relief ahead of Super Bowl Sunday.

“The credit card is just second nature for me,” explained David Grace, a Chiefs fan purchasing team merchandise at Union Station. “Rewards points are the reason I decided to use the credit card.”

Will Shaw/KSHB

David Grace

Credit card debt in the United States reached $1.166 trillion, according to LendingTree. Forbes reports the average credit card interest rate is 28.6%.

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In a bipartisan effort, Sen. Josh Hawley (R-Missouri) is teaming up with Sen. Bernie Sanders (I-Vermont), introducing a bill on Tuesday that would cap credit card interest rates at 10%.

Senator Josh Hawley

KSHB 41

Sen. Josh Hawley (R-MO)

“Americans have more credit card debt than ever before in history,” Hawley told KSHB 41. “People are putting groceries on their credit cards. They’re putting gas on their credit cards because they can’t afford that stuff.”

Senators Hawley and Sanders don’t typically see eye-to-eye on policy. The two find themselves working together to change how America’s banking system operates.

Bernie Sanders

Evan Vucci/AP

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Sen. Bernie Sanders, I-Vt.

“When large financial institutions charge over 25 percent interest on credit cards, they are not engaged in the business of making credit available. They are engaged in extortion and loan sharking,” Sanders said. “We cannot continue to allow big banks to make huge profits ripping off the American people. This legislation will provide working families struggling to pay their bills with desperately needed financial relief.”

In a recent Fox Business report, it highlighted Hawley introduced a bill in the last Congress that would cap credit card interest rates at 18%. The bill died in committee.

Congress

J. Scott Applewhite/AP

The Capitol is seen in Washington, Tuesday, Dec. 17, 2024.

“Here’s what our bill would do, cap it. Cap it at 10%. All credit card interest rates are capped for five years at 10%. It gives working people a chance to catch up,” Hawley said. “It’s exactly what Donald Trump endorsed on the trail, and I think it would be an enormous and important source of relief.”

In the Trump campaign’s race for the White House, it promised to lower credit card interest rates to 10%. Senate Bill 381 would give him the opportunity to do that.

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Trump

Julia Demaree Nikhinson/AP

President Donald Trump in the Roosevelt Room at the White House.

“President Trump has promised to cap interest rates at 10% to provide temporary and immediate relief for hardworking Americans who are struggling to make ends meet and cannot afford hefty interest payments on top of the skyrocketing costs of mortgages, rent, groceries and gas,” the Trump campaign said in a September press release.

Kansas City shoppers find themselves searching for ways to combat high interest rates to stay ahead.

“Better rates would help,” James Vertreese told KSHB 41. “The rates are — they’re ridiculous. Since the Fed rates went up, it’s made a big difference in the making monthly payments.”

James Vertreese

Will Shaw/KSHB

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James Vertreese

KSHB 41 spoke with shoppers at Union Station celebrating the start of Super Bowl weekend.

Marilyn Simpson took her grandson shopping and to take pictures. She said she never watched her finances as closely until she retired.

“I am going to go back and start working like part-time,” Simpson said. “It’s concerning because there’s people that have less than I do. I’m not hurting financially, but when I go to get gas today and the grocery store, at those two places you can spend up to $100-$120.”

Marilyn Simpson

Will Shaw/KSHB

Marilyn Simpson

According to the Missouri Economic Research and Information Center, in 2024, Kansas ranked #3 in the lowest average cost of living in the United States and Missouri ranked #6. Missourians say they’re yet to feel the relief.

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“We all hurtin’. We go to work. Everything is up but my paycheck,” Cecilia Pulce, another shopper said. “We all need a little bit of help from somewhere.”

Cecilia Pulce

Will Shaw/KSHB

Cecilia Pulce

Other shoppers KSHB 41 spoke with say a major contributor to increased credit card debt is a society built around the swipe and tap.

“So many places in our life have gone cashless,” Grace added. “You look at the stadiums, they’re cashless. You pretty much have to pay with a card.”

Grace said capping credit card interest rates to 10% could create an economic boom and encourage consumers to buy more.

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KC Chiefs Shoppers

Will Shaw/KSHB

Simpson shopping with her grandson at Union Station.

“Sometimes people have debt they don’t foresee, medical bills, car repairs, so a capped interest rate a low interest rate to protect them is a great idea,” Grace explained. “I think you would potentially see retail spending increase if people knew their interest rate was lower and it could fit into their budget.”

Senate Bill 381 was introduced on Tuesday and must pass both chambers of the House before it reaches the president’s desk.

KSHB 41 reporter Ryan Gamboa covers Miami County in Kansas and Cass County in Missouri. He also covers agricultural topics. Share your story idea with Ryan.

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Gas, diesel fuel prices down over past week across nation, Kansas

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Gas, diesel fuel prices down over past week across nation, Kansas


TOPEKA, Kan. (WIBW) – It may not seem like a lot of relief, but gas and diesel prices have declined over the past week.

Friday morning’s national average for a gallon of unleaded gas was $4.39, according to the Automobile Association of America.

That’s down three cents from $4.42 on Thursday; down 16 cents from a week ago; but was up 17 cents from $4.22 a month ago and up $.23 from $3.16 a year ago.

Gas and diesel fuel prices are down this week in Kansas and across the nation, according to the American Automobile Association.(KALB)

In Kansas, AAA says, unleaded gas on Friday was averaging $3.96 a gallon — down four cents from $4.00 on Thursday; down 13 cents from $3.96 a week ago; but up 26 cents from $3.70 a month ago; and up $1.07 over $2.89 a year ago.

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Diesel fuel also was dropping in price. AAA says Friday’s national average for a gallon of diesel was $5.52 a gallon — down three cents from $5.55 on Thursday; down 12 cents from $5.64 a week a go; but up six cents from $5.46 a month ago and up $1.98 from $3.54 a year ago.

Kansas diesel fuel prices, according to AAA, checked in at an average of $4.98 on Friday. That’s five cents below $5.03 on Thursday; down 16 cents from $5.14 a week ago; but up 24 cents over $4.74 a month ago; and up $1.72 from $3.26 a year ago.

In Topeka, GasBuddy.com on Friday morning showed unleaded gas prices ranging between $3.77 and $4.09 in Topeka, with diesel fuel going for between $4.94 and $5.29 a gallon.

Copyright 2026 WIBW. All rights reserved.



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Sunflower soak: Rain welcomes Arkansas baseball to Kansas, might stay awhile | Whole Hog Sports

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NFL Trade Rumors: Kansas City Chiefs linked to $15M New York Giants pass rusher and $10M Chicago Bears tight end in bold ESPN proposals

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NFL Trade Rumors: Kansas City Chiefs linked to M New York Giants pass rusher and M Chicago Bears tight end in bold ESPN proposals


The Kansas City Chiefs have been linked to trade rumors involving New York Giants pass rusher Kayvon Thibodeaux and Chicago Bears tight end Cole Kmet. ESPN proposed deals involving future draft picks, but both were viewed as unlikely. Analysts believe the Giants and Bears have little reason to move key contributors. While Thibodeaux could strengthen Kansas City’s pass rush and Kmet could help at tight end, salary cap concerns and long-term roster planning make both potential trades difficult.

The Kansas City Chiefs continue to be linked to potential trade targets despite entering the 2026 season with one of the NFL’s deepest rosters. Recent speculation from ESPN connected Kansas City to New York Giants edge rusher Kayvon Thibodeaux and Chicago Bears tight end Cole Kmet. In the proposed scenarios, the Chiefs would send a 2027 fourth-round pick for Thibodeaux or a 2027 third-round pick while receiving Kmet and a fifth-round selection. While neither proposal gained traction with the opposing teams, the rumors have sparked debate about whether Kansas City should make a significant move before the season.

Category Details
Player Kayvon Thibodeaux / Cole Kmet
Current Team New York Giants / Chicago Bears
Rumored Team Kansas City Chiefs
Contract Status Both under contract
Salary Cap Hit Thibodeaux: manageable rookie extension window; Kmet carries a significant future cap number
Trade Likelihood Low to moderate
Latest Insider Update ESPN floated hypothetical trade proposals
Potential Return 2027 fourth-round pick for Thibodeaux; 2027 third-round pick for Kmet

Which teams are interested in Kayvon Thibodeaux and Cole Kmet?

Kansas City emerged as the most notable team connected to both players through the ESPN exercise. The fit is understandable. For Thibodeaux, the Chiefs could add another proven pass-rushing threat alongside their current edge group. Defensive line depth remains one of the most valuable assets in today’s NFL, especially for teams with championship aspirations. Adding a player of Thibodeaux’s caliber would strengthen the rotation and provide insurance against injuries. Kmet addresses a different need. While Travis Kelce remains a central piece of the offense, he is approaching the later stages of his career. Kmet offers a combination of blocking ability and receiving production that could help Kansas City maintain stability at tight end while preparing for the future.

What insiders are saying about the trade rumors

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According to AtoZ Sports’ Charles Goldman, the concept behind pursuing Thibodeaux makes sense, but the compensation falls short. New York has little incentive to move a talented edge rusher for a mid-round draft pick when pass rushers are among the league’s most sought-after players. Goldman was similarly cautious regarding Kmet. Although he acknowledged the tight end would fill a practical role in Kansas City’s offense, he questioned whether investing draft capital and future money in Kmet is the best long-term strategy. Instead, he suggested the Chiefs may be better served developing a successor to Kelce through the draft.

Contract details and salary cap implications

Any trade discussion involving Kansas City begins with the salary cap. The Chiefs would likely need to create additional financial flexibility before taking on a notable contract. Thibodeaux presents the cleaner situation. He remains young, productive, and could be controlled through future contract negotiations. There are no reported no-trade restrictions complicating a potential move. Kmet’s situation is more challenging. His future cap numbers could require restructuring or a new agreement if Kansas City wanted to keep him long term. That added financial commitment makes the decision more complicated than the draft-pick cost alone.

How the trade could impact both teams

For Kansas City, acquiring Thibodeaux would strengthen a defense already built to compete for another Super Bowl. A deeper pass rush often becomes critical during playoff runs, where one extra pressure can change a game. Kmet’s arrival would have a different effect. He could ease the workload on Kelce while giving the offense a more balanced tight end room. At the same time, surrendering valuable draft assets could limit future roster-building options. From the Giants’ and Bears’ perspectives, keeping proven starters may provide more value than collecting future picks. That reality is why both proposed deals remain long shots, even if the Chiefs continue to surface in trade conversations.



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