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Today in "This Is a BFD," the Supreme Court just overruled the Chevron Doctrine, a move that will limit the power of federal agencies. To put this in context of last night's Presidential debate: The SCOTUS ruling seemingly leaves it to the courts to decide on ambiguities in statutes. A lot of big social-political issues that are impacted by federal agency involvement -- think abortion, climate, consumer protections, financial watchdogs -- have lately been impacted by lower court decisions, and those judges are appointed by the president. The SCOTUS ruling upends a precedent that's been in place for 40 years, and the knock-on effects will certainly bleed into the next presidential administration and the next round of judicial appointees from the Supreme Court on down. What do you think? I'm more curious about the lasting long-term impact (vs the immediate).

Supreme Court Overturns Chevron Rule in Blow to Agency Power

Supreme Court Overturns Chevron Rule in Blow to Agency Power

bloomberg.com

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