Economics

Keystone: The Republican Congress's First Priority May No Longer Make Sense

Low gas prices have changed the economic equation for the controversial pipeline.

Senate Minority Leader Mitch McConnell (R-KY) speaks to supporters while campaigning at a Rental Pro store during a two day bus tour of eastern Kentucky August 7, 2014 in Hazard, Kentucky. McConnell is locked in a tight race against Democratic challenger Kentucky Secretary of State Alison Lundergan Grimes.

Photographer: Win McNamee/Getty Images
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Senator Mitch McConnell has long waited for this moment. When he assumes his new position as Majority Leader in January, McConnell will waste little time in bringing up the Keystone XL pipeline project for a vote.

"The first item up in the new Senate will be the Keystone XL pipeline." McConnell told reporters in the nation's capitol Tuesday, adding that the project is "a job creating bill that enjoys significant bipartisan support."