In this Thursday, Aug. 3, 2017 photo a car is submerged by water after a flash flood in Acton, Calif. The Southern California desert community is cleaning up after thunderstorms unleashed muddy torrents through streets, threatened a commuter rail line and forced the rescue of the trapped motorists. (@brandibrands via AP)

(Bloomberg) – President Donald Trump signed an executive order Tuesday that’s designed to streamline the approval process for building roads, bridges and other infrastructure by establishing “one federal decision’’ for major projects and setting an average two-year goal for permitting. 

“This over-regulated permitting process is a massive self-inflicted wound on our country,” Trump said in a press conference at Trump Tower in New York. “It’s disgraceful.”

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