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 Sept. 4, 2011: Shown here is the main plant facility at the 
Navajo Generating Station, as seen from Lake Powell in Page, Ariz.APPresident 
Obama, in each of his last three State of the Union addresses, 
spoke urgently of the need to cut through the "red tape" in 
Washington.But regulatory costs for the American public and business community, 
it turns out, soared during his first term. A new report by 
the conservative Heritage Foundation estimates that annual regulatory costs 
increased during Obama's first four years by nearly $70 billion -- with 
more regulations in store for term two."While historical records are incomplete, 
that magnitude of regulation is likely unmatched by any administration in 
the nation's history," the report said.The analysis by Heritage did not 
count every single regulation issued in Obama's first term, but looked at 
"major" regulations impacting the private sector. It came up with 131 over 
the past four years -- many of them environmental. In addition to 
the $70 billion in annual costs from those rules, the report estimated 
that new regulations from the first term led to roughly $12 billion 
in one-time "implementation costs."The math is up for debate. Even Heritage 
acknowledges there is no "official accounting" for federal regulatory costs. 
But government agencies, as well as think tanks like Heritage, have tried 
to track the price tag by looking at records maintained by the 
Government Accountability Office and age
 The White House budget office is recalculating how to apply automatic spending 
cuts for a handful of agencies, freeing up almost $4 billion for 
the Pentagon and another $1 billion or so for Homeland Security Department 
and NASA.Capitol Hill aides familiar with the White House changes say the 
administration has identified almost $5 billion in cuts that can be restored 
under its reading of the arcane budget rules governing the across-the-board 
cuts, known as sequestration. The calculations would restore $5 billion 
of the scheduled $85 billion in automatic sequestration cuts.An administration 
official confirmed the calculations Friday but declined to comment further 
because the process is ongoing. The official and congressional aides spoke 
on condition of anonymity because they were not authorized to discuss the 
changes publicly.The move comes amid increasing public pressure to find 
ways to lessen the impact of sequestration. Federal agencies are warning 
that the mandatory cuts could mean cutbacks in services. Last week, Congress 
passed and President Obama signed legislation giving the Federal Aviation 
Administration the ability to avoid furloughs that were causing flight delays 
by tapping money in other accounts.The cuts officially began in March after 
Congress and Obama could not reach an agreement on a broader budget 
deal. The automatic cuts had been imposed under a hard-fought 2011 debt 
and budget pact.The cuts have so far failed to live
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