Will The New Fuel Economy Rules Actually Work?

This morning, Barack Obama is scheduled to unveil one of the biggest policy accomplishments of his term—though it certainly won’t seem that way. After the president gives his televised remarks on the debt ceiling crisis, the White House is expected to announce—at a much sleepier Washington Convention Center venue—that it has finally struck a deal with the auto industry on extending new fuel-economy standards out to 2025. So far, the reaction has been notably tame.

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