The Obama administration on Tuesday announced plans to streamline hundreds of regulations across all government departments and said that the review will “likely” save at least $10 billion over five years. House Majority Leader Eric Cantor (R-Va.), however, called the effort "underwhelming." The regulatory review does not address the kinds of major items the GOP would like to eliminate, such as those associated with the Dodd-Frank financial reform, the Obama healthcare reform or a raft of new environmental regulations, including the possible regulation of greenhouse gases. [snip] Cass Sunstein, the chief of regulations at the Office of Management and Budget...
