Obama, GOP clash over billion-dollar regulations

With the battle over government regulation set to take center stage in the House of Representatives next week, President Obama on Tuesday sent Congress a eye-popping list of expensive new rules he wants to implement, including new limits on smog that could cost up to $90 billion to put in place.

In a letter to House Speaker John Boehner, R-Ohio, Obama described seven pending regulations that he said could cost more than $1 billion each to implement. Boehner had asked for the list in an Aug. 26 letter that cited a 15 percent increase in proposed new regulations by Obama’s administration since last year.