Donald Trump speaks during a Virginia campaign back in September.
Donald Trump speaks during a Virginia campaign back in September. - 
Listen To The Story

President-elect Donald Trump laid out some plans for his first day in office in a two-and-a-half minute video address released Monday. He pledged to immediately withdraw from the free trade deal called the Trans-Pacific Partnership, and put a five-year lobbying ban on people who have worked for the Trump administration. He also said he’ll target regulation, beginning with regulations on shale and coal. But it takes a lot to rescind a federal regulation that’s been finalized through a notice-and-comment process.

He also said this: I will formulate a rule which says that for every one new regulation, two old regulations must be eliminated.”

An executive order like that would face a lot of legal and logistical obstacles, and probably be headed immediately to court. Still, it’s hard to know exactly how he thinks that idea would play out, because since his election, Donald Trump hasn’t held a press conference to take questions from reporters.

Click the above audio player to hear the full story. 

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Lewis Wallace at @LewisPants