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Compact fluorescent lightbulbs. Photo: Justin Sullivan/Getty Images

The Department of Energy on Wednesday unveiled new rules that annul Bush-era requirements on energy-saving lightbulbs slated to go into effect on Jan. 1, 2020, according to the New York Times.

Why it matters: The new rules could make less-efficient bulbs for certain fixtures more common, potentially contributing to man-made climate change by increasing greenhouse gas emissions. Politically, it's part of the Trump administration's broader efforts to roll back climate and other environmental regulations, such as those governing methane and auto emissions. A bipartisan Congress approved the policy to phase out less-efficient bulbs under Republican President George W. Bush in 2007.

Where it stands, via the Times: "One part of the new standards would have required the adding of four kinds of incandescent and halogen light bulbs to the energy-efficient group: three-way, the candle-shaped bulbs used in chandeliers; the globe-shaped bulbs found in bathroom lighting; reflector bulbs used in recessed fixtures; and track lighting. A rule that will be published Thursday in the Federal Register will eliminate the requirement for those four categories of bulbs."

What's next: Expect energy conservation groups to challenge the changes in court.

  • Noah Horowitz, director of the Center for Energy Efficiency Standards at the Natural Resources Defense Council, told the Times last week: "We will explore all options, including litigation, to stop this completely misguided and unlawful action."

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Our make-believe economy is here to stay

Illustration: Eniola Odetunde/Axios

The Federal Reserve and global central banks are remaking the world's economy in an effort to save it, but have created something of a monster.

Why it matters: The Fed-driven economy relies on the creation of trillions of dollars — literally out of thin air — that are used to purchase bonds and push money into a pandemic-ravaged economy that has long been dependent on free cash and is only growing more addicted.

Mike Allen, author of AM
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Why Trump may still fire Barr

Photo: Jabin Botsford/The Washington Post via Getty Images

Attorney General Barr may be fired or resign, as President Trump seethes about Barr's statement this week that no widespread voter fraud has been found.

Behind the scenes: A source familiar with the president's thinking tells Axios that Trump remains frustrated with what he sees as the lack of a vigorous investigation into his election conspiracy theories.

Mike Allen, author of AM
3 hours ago - World

Scoop: Trump's spy chief plans dire China warning

Xi Jinping reviews troops during a military parade in Beijing last year. Photo: Thomas Peter/Reuters

Director of National Intelligence John Ratcliffe on Thursday will publicly warn that China's threat to the U.S. is a defining issue of our time, a senior administration official tells Axios.

Why it matters: It's exceedingly rare for the head of the U.S. intelligence community to make public accusations about a rival power.