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Rawstory
Wednesday, November 18th, 2009 -- 7:15 pm
Republican senators on Wednesday blocked an effort to debate a bill that would prevent credit card companies from raising interest rates ahead of new regulations coming into force next year.
The move angered congressional Democrats who were pushing for an emergency freeze on credit card rates.
"I’m extremely disappointed that the financial health of millions of American taxpayers has been completely brushed aside by a handful of Wall Street banking interests in the US Senate," Rep. Betsy Markey (D-CO) said, as quoted in the Coloradan.
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