News bites: EPA to roll out long-awaited gas regs

The Environmental Protection Agency is expected to issue draft low-sulfur gasoline and vehicle emissions rules Friday, The Hill’s E2 blog reports.

The White House is “strongly” considering limits on entitlement benefits, according to The Wall Street Journal.

A major Washington law firm is suing bank regulators over the consultants hired to perform foreclosure reviews, Reuters reports.

Britain is putting the final touches on its sweeping overhaul of financial regulations, The New York Times reports.