Trump set to sign executive order aiming to slash regulations
Nicholas Kamm | AFP | Getty Images

President Donald Trump signed an executive order Monday aiming to kickstart campaign pledges to slash regulations.

The measure will expand regulatory review with the goal of revoking two regulations for every new one put forward, according to a senior administration official. Under the order, federal agencies will propose rules they want to drop and the White House will review them.

With the order, Trump followed through on repeated campaign promises to cut rules that he said hold back the economy. In meetings with business leaders since his election, Trump has touted his efforts to reduce regulations and cut corporate taxes.

While…