On Friday, President Trump signed an executive order placing "regulatory reform" task forces within federal agencies to help identify "costly and unnecessary regulations." The watchdog groups created by Trump will reportedly have 90 days to examine existing regulations and identify which "can be repealed or modified," The Hill reported.
Trump signed the order shortly after reiterating his pledge to nix "75 percent of the repetitive, horrible regulations that hurt companies [and] hurt jobs" during a speech Friday at the Conservative Political Action Conference. At a meeting with business executives last month, Trump suggested he might cut even more than 75 percent of existing regulations.
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.
-
A ‘golden age’ of nuclear powerThe Explainer The government is promising to ‘fire up nuclear power’. Why, and how?
-
Massacre in Darfur: the world looked the other wayTalking Point Atrocities in El Fasher follow decades of repression of Sudan’s black African population
-
Trump’s trade war: has China won?Talking Point US president wanted to punish Beijing, but the Asian superpower now holds the whip hand
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
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
