Obama orders review of government regulations
WASHINGTON (Reuters) – President Barack Obama on Tuesday ordered a government-wide review of regulations with the goal of eliminating those that hurt job creation and make the economy less competitive.
Obama took action after unveiling his plan in an op-ed piece in the Wall Street Journal in which he said some rules have placed "unreasonable burdens on business -- burdens that have stifled innovation and have had a chilling effect on growth and jobs."
The executive order marked Obama's latest move to repair relations with U.S. business, which were frayed amid bitter debate over his overhauls of Wall Street regulations and healthcare that some business leaders said would stymie corporate America.
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