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Biden’s business order shows how he uses administrative power to shape the economy – News


President Biden’s drastic orders to promote competition and curb the power of large corporations underscore his willingness to use his pen to rewrite economic policy and offer his most ambitious proposals. Avoid split parliaments that are unlikely to be enacted.

Biden has been more active than his recent predecessor for six months after taking office. Look at executive orders and actions He is reviewing Washington’s approach to everything from climate change to racial equality.

Friday’s action was extraordinarily widespread, even by recent standards, by directing at once. More than 12 institutions to investigate 72 actions It touches on issues such as expanding worker rights, lowering prescription drug prices, limiting airline fees, and increasing the flexibility of changing accounts to bank customers.

The order is the culmination of a steady tendency to turn to executive branch as the presidents of both parties over the last two decades have been prevented from enacting the core of the agenda in the predicament of Capitol Hill.

Dumbosch, Director of Regulatory Policy at the American Action Forum, said: , Right-wing Washington think tank. “It is the president’s perception that they need to act on their own to move things in the direction they want.”

Biden’s business order shows how he uses administrative power to shape the economy

Source link Biden’s business order shows how he uses administrative power to shape the economy

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