Governor Gavin Newsom has lifted a price cap on new rental listings for some single-family homes in Los Angeles, specifically targeting properties in areas like Bel Air and Beverly Hills in response to concerns that the restrictions were hindering post-fire housing availability. The price-gouging laws, triggered by recent wildfires, had limited monthly rental prices for properties not previously offered for rent to $9,554, impacting the market. Newsom’s executive order waived these rules for larger homes in select ZIP codes, while still enforcing restrictions on price increases and extending protections to rental agreements of any length until March 8.
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Trump-backed plan to avert shutdown heads for House vote
President Donald Trump's plan to avert a partial government shutdown faces a House-wide vote on Tuesday, with the House Rules Committee advancing the bill along party lines. The bill, a continuing resolution, extends funding through fiscal 2026 but faces opposition from some Republicans and Democrats. Despite challenges, Trump and Speaker Mike Johnson are optimistic about passing the bill with added defense spending and cuts to non-defense discretionary spending. Full Article
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