Responding to a request from House Speaker John Boehner, R-Ohio, for the Obama administration to "provide a list of all pending and planned rulemakings with a projected impact on our economy in excess of $1 billion," President Barack Obama tells the speaker that his administration has taken steps to minimize regulatory burdens and costs government wide.
In a letter to Boehner, Mr. Obama writes that his executive order earlier this year "called for an ambitious Government-wide review of rules now on the books" which the president says is now complete. He adds that the review led to cuts from 26 agencies, generating more than $10 billion in savings over 5 years.
President Obama replied Tuesday with a list of seven proposed rules with an estimated economic impact of over $1 billion.
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