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Obama Orders Halt To All Pending Regulations

The partying is not yet over, but the Obama administration is already getting to work.

This afternoon, White House Chief of Staff Rahm Emanuel signed a memorandum to stop all pending regulations until a legal and policy review can be conducted by the new administration, CBS News White House Correspondent Mark Knoller reports. The memo was sent to all agencies and departments.

The information was revealed in the White House press office's first release under President Obama.