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1. REGULATIONS

Air rule heads to scrapheap as Obama touts effort to eliminate 'unnecessary burdens'

In what the White House calls a milestone in its effort to cut red tape, the Obama administration today said it was overhauling or eliminating five regulations -- including a Clinton-era air-pollution rule -- in an effort to save $6 billion in unnecessary costs over the next five years. President Obama also issued a new executive order aimed at ensuring that federal agencies make regulatory streamlining a part of their missions in years to come.

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