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Friday, January 31, 2025

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Biden to call for 5% cap on annual rent increases as he tries to show plans to tame inflation

BusinessBiden to call for 5% cap on annual rent increases as he tries to show plans to tame inflation

President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords as he tries to show he’s doing something about the high cost of housing, according to a person familiar with the plan.

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