Trump to execs: We think we can cut regulations by 75 percent

By Reuters

Jan 23, 2017

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U.S. President Donald Trump told leaders of companies ranging from defense manufacturer Lockheed Martin Corp to sportswear apparel maker Under Armour Inc. on Monday that he believed his administration could cut U.S. regulations governing companies by 75 percent or more.

"When you want to expand your plant, or when Mark wants to come in and build a big massive plant, or when Dell wants to come in and do something monstrous and special – you're going to have your approvals really fast,” Trump said, referring to Mark Fields, CEO of Ford, who sat around the boardroom-style table in the Roosevelt Room.

(Developing story. See reuters.com for more.)

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