The White House reveals staggering cost of junk fees for consumers.

Junk fees on concert tickets, airfares, hotels, and other purchases cost Americans tens of billions of dollars annually, according to economic experts at a White House panel discussion. President Joe Biden is pushing Congress to enact the Junk Fees Prevention Act to crack down on extraneous surcharges attached to purchases. The Consumer Financial Protection Bureau is leading the charge in the drive against the fees and released an updated list of potentially illegal fees earlier this month. The eradication of junk fees is a bipartisan issue with positive benefits for the economy, and recent surveys show 75% of consumers support cutting junk fees.