Supreme Court to Review Cases Limiting Federal Agency Power.

The Supreme Court has agreed to hear a case that could limit the power of administrative agencies to regulate businesses. The case seeks to overturn the Chevron precedent, which requires judges to defer to an agency's interpretation of an ambiguous law if it is reasonable. The outcome could have far-reaching implications for regulations across the economy, including those related to clean air and water, food and drug safety, and financial risk. The case in question involves a challenge to a law requiring fishing vessels to pay for monitors to ensure compliance with regulations. The court's Republican-appointed majority has previously chipped away at the power of the administrative state to impose regulations on businesses.