President Donald Trump took over the nation's highest office from Barack Obama only two hours ago, but his administration is already working to undo some of his predecessor's actions. The first agenda item to grace Trump's new White House website Friday was an outline of his climate agenda, which promises to eliminate "harmful and unnecessary policies such as the Climate Action Plan":
Established by Obama in 2013, the Climate Action Plan "proposed cuts to U.S. carbon dioxide emissions, in part by preserving forests and encouraging increased use of cleaner renewable fuels," Reuters reports. Trump's agenda also promises to eliminate the Waters of the U.S. rule, announced by the Obama administration in 2015, which protects American bodies of water.
Also Friday, the Trump administration canceled a program by the Department of Housing and Urban Development designed to make home-buying more accessible to first-time buyers and low-income borrowers. HUD announced in a statement that it would cancel a planned cut to the Federal Housing Administration's annual fee for most borrowers by 0.25 percentage points, Bloomberg reports; the reduction was set to take effect Jan. 27 after being ordered by Obama last week. Canceling the mortgage-fee reduction will make loans more expensive and difficult to obtain for some buyers, though Republicans have argued in the past that such fee cuts "put taxpayers at risk by lowering the funds the FHA has to deal with mortgage defaults," Bloomberg notes.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
September 14 editorial cartoonsCartoons Sunday’s political cartoons include RFK Jr on the hook, the destruction of discourse, and more
-
Air strikes in the Caribbean: Trump’s murky narco-warTalking Point Drug cartels ‘don’t follow Marquess of Queensberry Rules’, but US military air strikes on speedboats rely on strained interpretation of ‘invasion’
-
Crossword: September 14, 2025The Week's daily crossword puzzle
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
