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| Name | AOC Presides Over House of Representatives for First Time |
| Video Uploader | Video From Bloomberg Quicktake |
| Upload Date | This Video Uploaded At 10-05-2019 16:04:29 |
| Video Discription | New York Rep. Alexandria Ocasio-Cortez, the highest-profile Democratic freshman on Capitol Hill, presided over the House of Representatives chamber for the first time. Earlier in the week, Democratic presidential candidate Bernie Sanders and Representative Alexandria Ocasio-Cortez accused banks of acting as “modern-day loan sharks” and called on Congress to enact a federal limit of 15% on credit card interest rates. The two self-identified democratic-socialists are set to propose legislation on Thursday capping rates on credit card and other consumer loans and letting post offices offer low-cost basic financial services, such as loans and checking and savings accounts. An outline of the plan released ahead of their formal announcement sharply criticized banks for charging on average more than 17% interest on credit card balances while they are able to borrow money at less than 2.5%. “Today’s loan sharks wear expensive suits and work on Wall Street, where they make hundreds of millions of dollars in total compensation by charging sky-high fees and usurious interest rates,” the statement said. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm TICTOC ON SOCIAL: Follow TicToc on Twitter: https://twitter.com/tictoc Like TicToc on Facebook: https://www.facebook.com/tictoc Follow TicToc on Instagram: https://www.instagram.com/tictoc Watch all of TicToc’s videos: https://www.tictoc.video/ Listen to TicToc’s podcast: https://apple.co/2D3Vta7 Subscribe to our newsletter: https://bit.ly/2FJ0oQZ TicToc by Bloomberg is global news for the life you lead. We are a 24/7 news network that covers breaking news, politics, technology, business and entertainment stories from around the globe, supported by a network of Bloomberg’s 2,700 journalists across 120 countries. |
| Category | News & Politics |
| Tags | aoc | alexandria ocasio-cortez | house of representatives | new york | bronx | queens | representative | rep | politics | government | law | gavel | cspan | capitol hill | congress | lawmaker | texas republican | democrat | trump | green new deal | bernie sanders | interest rates | president | breaking news | news | live news | live news video | video | live | tictoc | tictoc by bloomberg | bloomberg | economy | business | money | jobs |
