WASHINGTON: House Speaker Nancy Pelosi is signaling that she is poised to create a new committee to investigate the Jan. 6 insurrection at the Capitol, pushing closer to a partisan investigation of the attack after Senate Republicans blocked the creation of an independent probe.
A person familiar with the matter said after a meeting with Democrats that Pelosi had told her colleagues that she would create a select panel. The person spoke on condition of anonymity to discuss the private remarks. But Pelosi later denied that, telling reporters, “No, I did not make that announcement.”
The new committee would come after the Senate voted earlier this month to block legislation to form a bipartisan, independent commission investigating the attack by former President Donald Trump’s supporters. Pelosi said afterward that the House would step up investigations of the riot, in which a violent mob overran police, broke into the building and hunted for lawmakers to try to stop the certification of Joe Biden’s election victory.
A new select committee would put majority Democrats in charge of the investigation. More than three dozen Republicans in the House and seven Senate Republicans said they wanted to avoid a partisan probe, and they supported the legislation to form a commission, which would have been modeled after a similar panel that investigated the 9/11 terrorist attacks.
Still, those numbers weren’t strong enough to overcome GOP opposition in the Senate, where support from 10 Republicans is needed to pass most bills if all Democrats vote yes. Senate Democratic leader Chuck Schumer has said he may hold a second vote after the legislation failed to advance last month, but there’s no indication that Democrats can win the necessary support from three additional Republicans.
Pelosi said earlier this month that the House “can’t wait any longer” and would proceed with a probe. She said then that she was considering a select committee or having an existing committee conduct the investigation.
Many Republicans have made clear that they want to move on from the Jan. 6 attack, brushing aside the many unanswered questions about the insurrection, including how the government and law enforcement missed intelligence leading up to the rioting and the role of Trump before and during the insurrection.
Some Republicans have gone so far as to downplay the violence, with one suggesting the rioters looked like tourists and another insisting that a woman, Ashli Babbitt, who was shot and killed that day while trying to break into the House chamber through a window was “executed.”
Last week, 21 Republicans voted against giving medals of honor to Capitol Police and Metropolitan Police to thank them for their service that day. Dozens of those officers suffered injuries, including chemical burns, brain injuries and broken bones.
Seven people died during and after the rioting, including Babbitt, three other Trump supporters who died of medical emergencies and two police officers who died by suicide in the days that followed. A third officer, Capitol Police Officer Brian Sicknick, collapsed and later died after engaging with the protesters, but a medical examiner determined he died of natural causes.
US House Speaker Pelosi signals new panel to investigate Jan. 6 Capitol riot
https://arab.news/8xmpk
US House Speaker Pelosi signals new panel to investigate Jan. 6 Capitol riot
- A new select committee would put majority Democrats in charge of the investigation
Trump calls for one year cap on credit card interest rates at 10 percent
- Trump says Americans have been ‘ripped off’ by credit card companies
- Lawmakers from both parties have raised concerns about rates
WASHINGTON: US President Donald Trump said on Friday he was calling for a one-year cap on credit card interest rates at 10 percent starting on January 20 but he did not provide details on how his plan will come to fruition or how he planned to make companies comply.
Trump also made the pledge during the campaign for the 2024 election that he won but analysts dismissed it at the time saying that such a step required congressional approval.
Lawmakers from both the Democratic and Republican Parties have raised concerns about high rates and have called for those to be addressed. Republicans currently hold a narrow majority in both the Senate and the House of Representatives.
There have been some legislative efforts in Congress to pursue such a proposal but they are yet to become law and in his post Trump did not offer explicit support to any specific bill.
Opposition lawmakers have criticized Trump, a Republican, for not having delivered on his campaign pledge.
“Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10 percent,” Trump wrote on Truth Social, without providing more details.
“Please be informed that we will no longer let the American Public be ‘ripped off’ by Credit Card Companies,” Trump added.
The White House did not immediately respond to a request for comment on details of the call from Trump, but said on social media without elaborating that the president was capping the rates.
Some major US banks and credit card issuers like American Express, Capital One Financial Corp, JPMorgan , Citigroup and Bank of America did not immediately respond to a request for comment.
US Senator Bernie Sanders, a fierce Trump critic, and Senator Josh Hawley, who belongs to Trump’s Republican Party, have previously introduced bipartisan legislation aimed at capping credit card interest rates at 10 percent for five years. This bill explicitly directs credit card companies to limit rates as part of broader consumer relief legislation.
Democratic US Representative Alexandria Ocasio-Cortez and Republican Congresswoman Anna Paulina Luna have also introduced a House of Representatives bill to cap credit card interest rates at 10 percent, reflecting cross-aisle interest in addressing high rates.
Billionaire fund manager Bill Ackman, who endorsed Trump in the last elections, said the US president’s call was a “mistake.”
“This is a mistake,” Ackman wrote on X.
“Without being able to charge rates adequate enough to cover losses and earn an adequate return on equity, credit card lenders will cancel cards for millions of consumers who will have to turn to loan sharks for credit at rates higher than and on terms inferior to what they previously paid.”
Last year, the Trump administration moved to scrap a credit card late fee rule from the era of former President Joe Biden.
The Trump administration had asked a federal court to throw out a regulation capping credit card late fees at $8, saying it agreed with business and banking groups that alleged the rule was illegal. A federal judge subsequently threw out the rule.









