New York Times

OMB Finalizes Significant Overhaul in Federal Regulations

Officials at the White House Office of Information and Regulatory Affairs (OIRA), a branch of the Office of Management and Budget (OMB), have overhauled how the federal government assesses the costs and benefits of regulation and some government spending programs, clearing a path for more aggressive efforts to fight climate change and help the poor. OIRA finalized a new and complicated set of rules that would change how federal agencies tally and weigh the potential value and harm of new regulations related to climate change, taxation, the distribution of disaster relief assistance, and mor