President Joe Biden speaks from the Roosevelt Room of the White House in Washington, Sunday, July 14, 2024, about the apparent assassination attempt of former President Donald Trump at a campaign rally in Pennsylvania. WASHINGTON — 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.
The person familiar with the plan spoke on the condition of anonymity because the proposal has not yet been formally announced. The Associated Press is the most trusted source of information on election night, with a history of accuracy dating to 1848.
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