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Trump tells bureaucrats to hunt down bad regulations

Pablo Martinez Monsivais / AP

Following his return to CPAC, President Trump, with several chief executives from top U.S. corporations gathered around him, signed an executive order aimed at repealing and revising regulations.

Details of order: The new legislation directs federal agencies to create "regulatory reform" task forces to evaluate federal rules and recommend whether to repeal or simplify those deemed burdensome to the U.S. economy.

Earlier at CPAC, Trump vowed to put the regulatory industry "out of work and out of business," and chop "75% of the repetitive horrible regulations that hurt companies, hurt jobs, make us noncompetitive with companies overseas."

Go deeper

Dion Rabouin, author of Markets
14 mins ago - Economy & Business

Janet Yellen said all the right things to reassure the markets

Illustration: Aïda Amer/Axios

Treasury Secretary nominee and former Fed chair Janet Yellen's confirmation hearing before the Senate Finance Committee on Tuesday showed markets just what they can expect from the administration of President-elect Joe Biden: more of what they got under President Trump — at least for now.

What it means: Investors and big companies reaped the benefits of ultralow U.S. interest rates and low taxes for most of Trump's term as well as significant increases in government spending, even before the coronavirus pandemic.

Go deeper (1 min. read)Arrow
Fadel Allassan
Updated 47 mins ago - Politics & Policy

Biden to sign 15 executive actions on Day One

President-elect Joe Biden. Photo: SAUL LOEB/AFP via Getty Images

President-elect Joe Biden is expected to sign 15 executive actions upon taking office Wednesday, immediately reversing key Trump administration policies.

Why it matters: The 15 actions — aimed at issues like climate change and immigration — mark more drastic immediate steps compared with the two day-one actions from Biden's four predecessors combined, according to incoming White House press secretary Jen Psaki.

Go deeper (1 min. read)Arrow
Mike Allen, author of AM
48 mins ago - Politics & Policy

The Swamp wins

President Trump on Jan. 28, 2017, with two aides he later pardoned — national security adviser Michael Flynn and strategist Steve Bannon. Photo: Drew Angerer/Getty Images

It was 12:50 a.m. on Inauguration Day when President Trump announced 143 pardons and commutations — including a pardon for Steve Bannon. 17 minutes later, the White House released an executive order that said it all about his failure to "drain the Swamp," as he'd promised in the '16 campaign.

Driving the news: Trump revoked an executive order, signed eight days after he took office, that limits his appointees' lobbying for five years after leaving the administration.

Go deeper (<1 min. read)Arrow