New Department of Labor data reveals that the number of jobless claims dropped to a seasonally adjusted 340,000 last week, lower than economists had predicted. The modest decline in claims may suggest that employers are not eliminating workers even amid concerns over federal spending cuts.
Congress today passed a bill aimed at cutting away red tape that would otherwise slow initial construction of the Keystone XL pipeline. Despite the bill’s bipartisan backing, some Democrats and White House officials say it won’t be long lived. Read more
In April President Obama’s Office of Management and Budget (OMB) released their “2013 Draft Report to Congress on the Benefits and Costs of Federal Regulations and Agency Compliance with the Unfunded Mandates Reform Act.”
Pause for breath.
The report is the sixteenth annual one since OMB began issuing this Report in 1997, and “summarizes estimates by Federal regulatory agencies of the quantified and monetized benefits and costs of major Federal regulations reviewed by OMB over the last 10 years.” Read more