For every new rule, Trump tells federal agencies to eliminate 10 old ones

For every new rule, President Donald Trump plans to kill 10 old ones.

That's the thrust of the president's latest executive order, signed Friday, called "Unleashing Prosperity Through Deregulation." Trump, ever the businessman, has often complained that government regulations stifle economic development.

The new order requires federal agencies to repeal "at least 10 existing rules, regulations or guidance documents" for every new rule or regulation created.