The US Supreme Court dealt a major blow to federal regulatory power on Friday by overturning a 1984 precedent that had given deference to government agencies in interpreting laws they administer, handing a defeat to President Joe Biden’s administration. The justices ruled 6-3 to set aside lower courts rulings against fishing companies that challenged a government-run program partly funded by industry that monitored overfishing of herring off New England’s coast. It marked the latest decision in recent years powered by the Supreme Court’s conservative majority that hemmed in the authority of federal agencies. The precedent that the court overturned arose from a ruling involving oil company
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