Obama Cancels Ozone Rules After Lobbying By Business

Source: Mark Drajem / Bloomberg President Barack Obama quashed proposed rules on ozone from the Environmental Protection Agency, agreeing with Republicans and industry to withdraw the costliest regulation being considered by the administration. Obama said he is seeking to reduce regulatory burdens as the economy recovers, and said the EPA would weigh tighter standards on ozone, which causes smog, in two years. "Ultimately, I did not support asking state and local governments to begin implementing a new standard that will [...]