Supreme Court hears health care oral arguments, EPA proposes greenhouse gas standards, Obama pushes to end oil subsidies, and more.
- The U.S. Supreme Court heard three days of oral arguments over the constitutionality of the Affordable Care Act. See the related The Regulatory Review essay.
- The Environmental Protection Agency (EPA) proposed the first-ever standards to limit carbon pollution from new power plants.
- President Obama encouraged Congress to end oil tax subsidies, but the Senate failed to approve a procedural vote that would allow legislation to remove such subsidies to move forward.
- House Democrats and Republicans united in their opposition to President Obama’s 2013 proposed budget, which failed with 414 votes against and zero in favor.
- European Union lawmakers voted to regulate over-the-counter derivatives as part of an overhaul of financial-market rules.
- The Federal Trade Commission (FTC) released a long-awaited framework for protecting consumers’ privacy online.
- Commentators argued that Federal Aviation Administration regulations have reduced access to low-cost air service through cities such as Cincinnati, St. Louis, and Memphis.
- A beef company announced it would cut production of product from meat scraps that critics call “pink slime,” a decision that may lead to higher hamburger prices this spring.