The top photos of the day by AP's photojournalists

From front-page news to powerful moments you may have missed, this gallery showcases today’s top photos chosen by Associated Press photo editors.

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Children look at the Star Spangled Banner, the flag that inspired the lyrics of the American national anthem, at the Smithsonian's National Museum of American History, Tuesday, June 10, 2025, in Washington. (AP Photo/Mark Schiefelbein)

Kalpesh Bhai, whose 14-year-old brother was killed when an Air India plane crashed into a neighborhood, wails outside the autopsy room of a hospital in Ahmedabad, India, Friday, June 13, 2025. (AP Photo/Rafiq Maqbool)

A firefighter calls out his colleagues at the scene of an explosion in a residence compound in northern Tehran, Iran, Friday, June 13, 2025. (AP Photo/Vahid Salemi)

Smoke rises up after an explosion in Tehran, Iran, Friday, June 13, 2025. (AP Photo/Vahid Salemi)

U.S. Sen. Alex Padilla, D-Calif., is pushed out of the room as Homeland Security Secretary Kristi Noem holds a news conference regarding the recent protests in Los Angeles on Thursday, June 12, 2025. (AP Photo/Etienne Laurent)

President Donald Trump speaks during an event to sign a bill blocking California's rule banning the sale of new gas-powered cars by 2035 in the East Room of the White House, Thursday, June 12, 2025, in Washington. (AP Photo/Evan Vucci)

Members of a humanitarian convoy of at least 1,500 people, including activists and supporters from Algeria and Tunisia, wave Palestinian flags from a bus as the group travels toward Gaza via Egypt's Rafah Crossing, in Zawiya, Libya, Tuesday, June 10, 2025. (AP Photo/Yousef Murad)

A relative of slain hostage Yair Yaakov wears a T-shirt with his picture on it as the family reads a statement to journalists in Gan Yavne, Israel, following the return of his body from the Gaza Strip, Thursday, June 12, 2025. (AP Photo/Maya Alleruzzo)

Colorado Rockies' Orlando Arcia, center, is doused by Sam Hilliard, left, and Mickey Moniak, right, after his walkoff single to drive in two runs to defeat the San Francisco Giants in a baseball game Thursday, June 12, 2025, in Denver. (AP Photo/David Zalubowski)

A lone demonstrator draped in a U.S. flag walks outside of the Metropolitan Detention Center Thursday, June 12, 2025, in Los Angeles. (AP Photo/Damian Dovarganes)

Protesters are loaded onto Los Angeles Police Department buses during a protest on Wednesday, June 11, 2025, in Los Angeles. (AP Photo/Ethan Swope)

A protester scuffles with the police during a protest over the death in police custody of blogger Albert Ojwang, in Nairobi, Kenya, Thursday, June 12, 2025. (AP Photo/Andrew Kasuku)

In this image taken with a slow shutter speed, Slovakia's Emma Zapletalová competes in the women's 400-meter hurdle race during the Bislett Games athletics meeting at Bislett Stadium in Oslo, Thursday, June 12, 2025. (Fredrik Varfjell/NTB via AP)

Protestors surround a dumpster that was set on fire in front of the Henry M. Jackson Federal Building during a protest against federal immigration arrests, Wednesday, June 11, 2025, in Seattle. (AP Photo/Ryan Sun)

A man shouts into a megaphone outside City Hall during a protest on Wednesday, June 11, 2025, in Los Angeles. (AP Photo/Ethan Swope)

Rep. Jim Jordan, R-Ohio, and Polly Jordan walk past Tara Hoot, Ricky Rosé, Vagenesis and Maria Con Carne outside the Kennedy Center, to attend Les Miserables, Wednesday, June 11, 2025, in Washington, on the night that President Donald Trump and first lady Melania Trump were also attending. (AP Photo/Julia Demaree Nikhinson)

Mari Con Carne applies their makeup before attending Les Miserables at the Kennedy Center in drag, on the night that President Donald Trump and first lady Melania Trump were also in attendance, Wednesday, June 11, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson)

Supporters of Argentina's former President Cristina Fernandez gather outside her home two days after the nation's Supreme Court upheld Fernandez's corruption conviction in Buenos Aires, Argentina, Thursday, June 12, 2025. (AP Photo/Natacha Pisarenko)

An anti ICE protesters is detained by Texas state troopers near the Alamo in downtown San Antonio, Wednesday, June 11, 2025. (AP Photo/Eric Gay)

Two-week-old African elephant Kaja stands next to its mother in the Opel Zoo in Kronberg near Frankfurt, Germany, Thursday, June 12, 2025. (AP Photo/Michael Probst)

A Chinese veteran wearing an old Soviet style military uniform sings during an event promoting tourism to Moscow at the Wangfujing Shopping Street in Beijing, China, Thursday, June 12, 2025. (AP Photo/Ng Han Guan)

Firefighters work at the site of an airplane that crashed in India's northwestern city of Ahmedabad in Gujarat state, Thursday, June 12, 2025. (AP Photo/Ajit Solanki)

A woman waves a Mexican flag during protests over President Donald Trump's stepped-up enforcement of immigration laws, Wednesday, June 11, 2025, in Las Vegas. (AP Photo/John Locher)

Students dance the waltz during the annual "The Debutantes' Ball," a dance project that unites students from Moscow and St. Petersburg, in the Marble Hall of the Russian Ethnographic Museum in St. Petersburg, Russia, Thursday, June 12, 2025. (AP Photo/Dmitri Lovetsky)

NEW YORK (AP) — Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew immediate opposition from an industry that has been in his corner.

Trump was not clear in his social media post Friday night whether a cap might take effect through executive action or legislation, though one Republican senator said he had spoken with the president and would work on a bill with his “full support.” Trump said he hoped it would be in place Jan. 20, one year after he took office.

Strong opposition is certain from Wall Street in addition to the credit card companies, which donated heavily to his 2024 campaign and have supported Trump's second-term agenda. Banks are making the argument that such a plan would most hurt poor people, at a time of economic concern, by curtailing or eliminating credit lines, driving them to high-cost alternatives like payday loans or pawnshops.

“We will no longer let the American Public be ripped off by Credit Card Companies that are charging Interest Rates of 20 to 30%,” Trump wrote on his Truth Social platform.

Researchers who studied Trump’s campaign pledge after it was first announced found that Americans would save roughly $100 billion in interest a year if credit card rates were capped at 10%. The same researchers found that while the credit card industry would take a major hit, it would still be profitable, although credit card rewards and other perks might be scaled back.

About 195 million people in the United States had credit cards in 2024 and were assessed $160 billion in interest charges, the Consumer Financial Protection Bureau says. Americans are now carrying more credit card debt than ever, to the tune of about $1.23 trillion, according to figures from the New York Federal Reserve for the third quarter last year.

Further, Americans are paying, on average, between 19.65% and 21.5% in interest on credit cards according to the Federal Reserve and other industry tracking sources. That has come down in the past year as the central bank lowered benchmark rates, but is near the highs since federal regulators started tracking credit card rates in the mid-1990s. That’s significantly higher than a decade ago, when the average credit card interest rate was roughly 12%.

The Republican administration has proved particularly friendly until now to the credit card industry.

Capital One got little resistance from the White House when it finalized its purchase and merger with Discover Financial in early 2025, a deal that created the nation’s largest credit card company. The Consumer Financial Protection Bureau, which is largely tasked with going after credit card companies for alleged wrongdoing, has been largely nonfunctional since Trump took office.

In a joint statement, the banking industry was opposed to Trump's proposal.

“If enacted, this cap would only drive consumers toward less regulated, more costly alternatives," the American Bankers Association and allied groups said.

Bank lobbyists have long argued that lowering interest rates on their credit card products would require the banks to lend less to high-risk borrowers. When Congress enacted a cap on the fee that stores pay large banks when customers use a debit card, banks responded by removing all rewards and perks from those cards. Debit card rewards only recently have trickled back into consumers' hands. For example, United Airlines now has a debit card that gives miles with purchases.

The U.S. already places interest rate caps on some financial products and for some demographics. The Military Lending Act makes it illegal to charge active-duty service members more than 36% for any financial product. The national regulator for credit unions has capped interest rates on credit union credit cards at 18%.

Credit card companies earn three streams of revenue from their products: fees charged to merchants, fees charged to customers and the interest charged on balances. The argument from some researchers and left-leaning policymakers is that the banks earn enough revenue from merchants to keep them profitable if interest rates were capped.

"A 10% credit card interest cap would save Americans $100 billion a year without causing massive account closures, as banks claim. That’s because the few large banks that dominate the credit card market are making absolutely massive profits on customers at all income levels," said Brian Shearer, director of competition and regulatory policy at the Vanderbilt Policy Accelerator, who wrote the research on the industry's impact of Trump's proposal last year.

There are some historic examples that interest rate caps do cut off the less creditworthy to financial products because banks are not able to price risk correctly. Arkansas has a strictly enforced interest rate cap of 17% and evidence points to the poor and less creditworthy being cut out of consumer credit markets in the state. Shearer's research showed that an interest rate cap of 10% would likely result in banks lending less to those with credit scores below 600.

The White House did not respond to questions about how the president seeks to cap the rate or whether he has spoken with credit card companies about the idea.

Sen. Roger Marshall, R-Kan., who said he talked with Trump on Friday night, said the effort is meant to “lower costs for American families and to reign in greedy credit card companies who have been ripping off hardworking Americans for too long."

Legislation in both the House and the Senate would do what Trump is seeking.

Sens. Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., released a plan in February that would immediately cap interest rates at 10% for five years, hoping to use Trump’s campaign promise to build momentum for their measure.

Hours before Trump's post, Sanders said that the president, rather than working to cap interest rates, had taken steps to deregulate big banks that allowed them to charge much higher credit card fees.

Reps. Alexandria Ocasio-Cortez, D-N.Y., and Anna Paulina Luna, R-Fla., have proposed similar legislation. Ocasio-Cortez is a frequent political target of Trump, while Luna is a close ally of the president.

Seung Min Kim reported from West Palm Beach, Fla.

President Donald Trump arrives on Air Force One at Palm Beach International Airport, Friday, Jan. 9, 2025, in West Palm Beach, Fla. (AP Photo/Julia Demaree Nikhinson)

FILE - Visa and Mastercard credit cards are shown in Buffalo Grove, Ill., Feb. 8, 2024. (AP Photo/Nam Y. Huh, File)