President Barack Obama is directing his administration to withdraw a controversial proposed regulation updating government smog standards.
The withdrawal comes two days after the White House identified
seven proposed regulations that would cost the economy at least $1
The proposed updated smog standard was estimated to cost anywhere between $19 billion and $90 billion, depending on how
strict the standard would be.
In a statement, Obama says he made his decision in part because
it is important to reduce regulatory burdens on businesses as the
economy recovers. He says he is still committed to protecting
public health and the environment.
(Copyright 2011 by The Associated Press. All Rights Reserved.)