The future of the administrative state hangs in the balance. Supreme Court justices will soon decide in a pair of cases whether to reverse a decades-old precedent known as the Chevron deference that would curb federal agencies’ power to regulate everything from Wall Street to the stove in your kitchen. This Washington Examiner series will look at how a departure from this precedent could rip up the regulation nation. Part 1 focused on the underlying court case. Part 2 explores the possible economic repercussions.

The Supreme Court appears poised to scrap or revise a long-standing ruling that relates to how agencies interpret ambiguous statutes, with major implications for regulations that touch many aspects of commerce.