Obama Says Rule Rollbacks Will Save $6 Billion in 5 Years

U.S. rule changes involving street signs, train control systems and hospital practices will save consumers and businesses almost $6 billion in the next five years, President Barack Obama’s administration said.

The savings is a large part of the annual cost of rulemaking, said Cass Sunstein, administrator of the White House Office of Information and Regulatory Affairs, in announcing the reforms today at an American Bar Association meeting in Washington.