White House dismisses high-stakes legal defeat

By redkudzu_admin on January 26th 2013 No Comments / 192 views

White House spokesman Jay Carney on Friday tried to dismiss the court decision that has torpedoed President Barack Obama’s efforts to rewrite financial and labor regulations.

“The court decided a case brought by a company, and the decision applies to that case [and] does not apply more broadly,” Carney insisted during his Jan. 25 daily press briefing. But the decision could invalidate hundreds of controversial rules and regulations issued since January 2012 by the National Labor Relations Board and the Consumer Finance Protection Board.