All articles tagged with #deregulation
The Trump-era EPA is rolling back Biden-era limits on carbon dioxide and other pollutants from fossil-fuel power plants, arguing deregulation will improve grid reliability and lower costs; critics warn of higher pollution and health harms, and past AP analyses suggested the rules could have saved tens of thousands of lives and hundreds of billions of dollars annually if kept in place.
At the G20, Scott Bessent pushes a growth‑driven agenda—reducing regulation and expanding private‑sector influence—to lift the world economy, while Fed official Warsh says inflation and growth are now driven by policy choices in a shifting global landscape; the discussions unfold amid ongoing U.S. trade tensions with partners and heightened pressure on Iran, with Canada weighing in on its economic footing.
The Trump administration is moving forward with a comprehensive overhaul of Head Start, proposing to eliminate or loosen a broad set of federal regulations governing the preschool program, a deregulatory approach that RFK Jr. has advocated in his policy proposals and which could affect oversight and requirements for early-childhood education.
Alan Greenspan, who led the Federal Reserve from 1987 to 2006 through periods of rapid growth and financial upheaval, died at 100 from Parkinson’s complications. He was credited with keeping inflation low and guiding a market-friendly era, but his tenure drew sharp criticism for deregulation and for contributing to conditions that culminated in the 2008 crisis, leaving a legacy that remains hotly debated across political lines.
Alan Greenspan, the longtime Fed chair who steered U.S. monetary policy through the 1990s boom and into the 2000s, died at 100 from complications of Parkinson’s disease. His tenure saw a lengthy economic expansion and the rise of globalization, earning him both praise as a “maestro” and criticism for deregulation critics say helped set the stage for the 2007–08 financial crisis. The obituary notes his influence across multiple administrations, his post-Fed consulting work, and honors he received.
Governor Barr argues in a speech that recent deregulation of bank capital, liquidity, and supervision threatens financial stability by increasing long-run risk, despite short-term gains. He urges maintaining strong capital, liquidity, and consumer protections to prevent crises, emphasizing bank–nonbank interconnections and the danger of a 'race to the bottom.'
According to the White House, President Trump is reversing Biden-era refrigerant rules by extending hydrofluorocarbon deadlines and adjusting a large-scale leak-repair rule, asserting these changes will lower costs for transporting and storing refrigerated goods, reduce grocery prices, and protect American jobs. The administration cites savings of up to $1.5 billion for refrigerated transporters and more than $900 million at supermarkets, plus broader deregulation benefits totaling over $1.2 trillion across its agenda.
Spirit’s collapse exposes how a deregulated, highly concentrated airline industry relies on mergers and bailouts rather than competitive resilience. The piece argues the fix isn't more mergers or rescues but a structural shift: nationalization, a public option, regulated competition, or partial regulation to ensure stable, nationwide service and prevent fragile, monopoly- or duopoly-driven outages.
Health and environmental groups are suing the EPA to challenge Trump's removal of the 2009 endangerment finding, which tied greenhouse gases to public health risks and underpinned major climate rules. The suit argues the rollback will increase pollution, costs, and avoidable deaths, while the piece also outlines how U.S. leaders from Nixon to Biden have alternately tightened or loosened environmental protections with global consequences.
Comedian Bill Maher criticized President Trump and the EPA for rescinding the 2009 finding that greenhouse gases threaten public health, calling it the single largest deregulation action in American history and dubbing it the 'biggest dick move' in history, while also quipping about other topics on Real Time.
The Trump administration announces the repeal of the Obama-era Endangerment Finding, removing EPA greenhouse-gas regulations and EV mandates, in what is described as the largest deregulation action in U.S. history. Supporters say it will lower prices, expand consumer choice, and boost energy independence, citing estimated savings of over $1 trillion and about $2,400 saved per new vehicle.
Trump's administration revoked the 2009 EPA endangerment finding that justified greenhouse gas regulations, eroding the legal basis for US climate rules and potentially undoing vehicle and power-plant emissions standards, while triggering court challenges and signaling a broad rollback of federal pollution rules.
Trump’s pick for Fed chair, Kevin Warsh, would push to curb the Fed’s regulatory powers and hand some supervision to the Treasury, signaling an aggressive deregulation agenda that could reshape banking oversight and affect Basel III and liquidity rules if confirmed.
Treasury Secretary Scott Bessent is pushing a 'fundamental reset' of post-crisis banking rules, coordinating with independent regulators to loosen oversight, push digital assets into the banking system, and reduce costs for megabanks. Supporters say the approach could boost growth and lending, while critics like Sen. Elizabeth Warren warn it risks stability by subordinating risk management to Wall Street. Regulators stress they will balance growth with safety, but the unusually close Treasury involvement signals a centralized push on financial regulation.
Governor Miran argues that targeted deregulation expands the economy’s supply potential and boosts productivity, improving the transmission of monetary policy. Citing Greece’s crisis-era reforms and the US deregulation push, he suggests lower regulation can justify a more accommodative stance from the ECB and Fed, while acknowledging measurement challenges in gauging regulation’s macro effects and noting new tools indicate a shrinking regulatory burden.