Trump signs executive order allowing federal agencies to bypass environmental laws
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President Donald Trump has issued a new executive order allowing federal agencies to bypass requirements from some environmental laws. The president says this about energizing the economy, but environmentalists disagree.
Marketplace’s Nancy Marhsall Genzer has the details. The following is an edited transcript of her conversation with “Marketplace Morning Report” host David Brancaccio.
Nancy Marshall-Genzer: The president says we need to speed up environmental reviews for big infrastructure projects — things like mines, highways and pipelines. He says environmental reviews that are part of laws like the Endangered Species Act are slowing down those projects.
David Brancaccio: What do environmental groups have to say about this?
Marshall-Genzer: They say these environmental reviews are important because they give people who would be affected by, say a new pipeline going through or near their community, a chance to have a say in the project. We spoke with Samantha Gross, a fellow at the Brookings Institution, about this:
“Studies have shown that COVID-19 is harder on people who’ve been exposed to environmental pollutants. So, in response to this, we’re going to roll back a law that potentially protects people from greater pollution?”
Brancaccio: So will these environmental laws just be rolled back, by this executive order?
Marshall-Genzer: No – it won’t be that easy. Gross says there’s no question that this executive order will be challenged in court. She says environmental groups will bring lawsuits to put a stay on it, to prevent it from going into effect.
COVID-19 Economy FAQs
How many people are flying? Has traveled picked up?
Flying is starting to recover to levels the airline industry hasn’t seen in months. The Transportation Security Administration announced on Oct. 19 that it’s screened more than 1 million passengers on a single day — its highest number since March 17. The TSA also screened more than 6 million passengers last week, its highest weekly volume since the start of the COVID-19 pandemic. While travel is improving, the TSA announcement comes amid warnings that the U.S. is in the third wave of the coronavirus. There are now more than 8 million cases in the country, with more than 219,000 deaths.
How are Americans feeling about their finances?
Nearly half of all Americans would have trouble paying for an unexpected $250 bill and a third of Americans have less income than before the pandemic, according to the latest results of our Marketplace-Edison Poll. Also, 6 in 10 Americans think that race has at least some impact on an individual’s long-term financial situation, but Black respondents are much more likely to think that race has a big impact on a person’s long-term financial situation than white or Hispanic/Latinx respondents.
Find the rest of the poll results here, which cover how Americans have been faring financially about six months into the pandemic, race and equity within the workplace and some of the key issues Trump and Biden supporters are concerned about.
What’s going to happen to retailers, especially with the holiday shopping season approaching?
A report out recently from the accounting consultancy BDO USA said 29 big retailers filed for bankruptcy protection through August. And if bankruptcies continue at that pace, the number could rival the bankruptcies of 2010, after the Great Recession. For retailers, the last three months of this year will be even more critical than usual for their survival as they look for some hope around the holidays.
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