The Department of Labor reported an unemployment rate of 5.8percent for October 2014, a decrease of 0.1 percentage point. It reported an increase of 214,000 nonfarm jobs over last month. This is lower than anticipated job growth of 233,000 for last month. Employment for August was revised upward from 218,000 to 203,000 jobs created, and September was revised up from 248,000 to 256,000.
Recently, videos have surfaced showing that Obamacare was deliberately crafted in a way to obscure its costs and contents from the American public. In the videos, recorded in 2012 and 2013, economist Jonathan Gruber, a key Obama administration advisor and one of the law’s chief architects, demonstrated what the administration and congressional Democrats were actually thinking, as opposed to what they were saying publicly.
On Tuesday, Democrats blocked legislation introduced by Senator John Hoeven in the Senate and Rep. Bill Cassidy in the House to approve the Keystone XL pipeline. Senate Democrats were on the verge of passing serious, common-sense, bipartisan policy for the first time in recent memory. At the last moment, they chose to deny the country an opportunity for energy security and economic growth. The American people rejected this brand of politics on November 4th. Republicans will end it starting on January 6th. They will rip the Democrats’ red tape off the U.S.-Canada border, so Americans can finally build the Keystone XL pipeline.
In early August, the Highway Trust Fund is expected, by law, to stop making payments to states to avoid a negative balance. In the past, Congress kept the HTF solvent primarily with general fund money – transferring $54 billion since 2008. But the Bipartisan Budget Act of 2013 stipulated that any transfer to the HTF now must be offset. Congress is currently working through options to keep the HTF solvent.