$85 billion in Obama regulations targeted for repeal

On the heels of President Trump’s new executive order to kill two regulations for every one he institutes, Congress this week stands ready to kill a handful of former President Obama’s “midnight regulations” that were set to cost businesses and consumers $5.7 billion.

What’s more, the moves will put into action a series of cuts to burdensome regulations, many in the financial and environmental industries, that will save the country tens of billions of dollars.