Trump Touts Regulatory Savings of Nearly $50 Billion for Economy

Federal agencies have rolled back 8.5 regulations for every new one issued since the start of the Trump administration, far in excess of President Donald Trump’s initial goal of two cuts for every one rule, the White House said today.

In January 2017, Trump signed Executive Order 13771 imposing the two-for-one regulatory requirement on all departments and agencies, as well as a spending cap of zero for new regulatory costs. Since then, the Office of Management and Budget has reported regulatory cuts far in excess of new rules issued.

The total number of regulations cut so far by the ...