The Obama administration released final plans Tuesday to streamline the federal bu�reaucracy by eliminating hundreds of regulatory requirements across two dozen agencies, an overhaul that officials said could save $10�billion over five years.
Administration officials hailed the reforms, which came in response to President Obama?s January decree to cut red tape, as a way to spur job creation by freeing businesses from burdensome rules that hindered growth.
As if to underscore the density of the federal bureaucracy, the plans were outlined in a report spanning 800 pages, detailing the elimination or revision of more than 500 regulations. Yet the report did not address major new regulations that are being implemented to deal with the Wall Street meltdown and landmark health-care legislation. And White House officials were unwilling to speculate about how many jobs could be created by the effort.
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