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BP CEO to Congress: ‘I’m devastated’

BP CEO to Congress: ‘I’m devastated’

A day after agreeing to a $20 billion fund to compensate victims of the disastrous oil spill in the Gulf of Mexico, BP’s chief executive expects to tell Congress that he was “personally devastated” by the explosion of the Deepwater Horizon oil rig and understands the anger that Americans feel toward him and his company. […]

Obama’s push on energy bill falls on deaf Capitol Hill ears

Obama’s push on energy bill falls on deaf Capitol Hill ears

President Barack Obama’s muted call for comprehensive energy legislation failed to sway a hesitant Congress on Wednesday, with hopes for approval before November elections fading fast. In his first national address from the Oval Office, Obama said on Tuesday the Gulf of Mexico oil spill provided a chance to break the U.S. dependence on fossil […]

Rep. Steve King: Obama prefers blacks over whites

Rep. Steve King: Obama prefers blacks over whites

Democrats on Tuesday denounced an Iowa Republican congressman who says President Barack Obama favors blacks over whites, and a GOP candidate from Colorado canceled a fundraiser the Iowan was to keynote. Rep. Steve King, known for sometimes incendiary remarks about immigration, Abu Ghraib and other issues, criticized Obama and Attorney General Eric Holder, who also […]

Obama talks tough but can he deliver?

Obama talks tough but can he deliver?

Fresh from admonishing BP before the world, President Barack Obama now gets his moment with the oil company’s leaders. It will be on his turf and, he vowed to an angry nation, on his terms. “We will make BP pay for the damage their company has caused,” Obama declared in his first Oval Office address, […]

Rand Paul’s hyprocrisy on Medicare

Rand Paul’s hyprocrisy on Medicare

Kentucky GOP Senate candidate Rand Paul says he opposes federal handouts, but the eye doctor takes government payments for treating Medicare and Medicaid patients. The dichotomy has drawn taunts of hypocrisy from his Democratic opponent, Jack Conway who on Tuesday called on Paul to quit “stonewalling” and release his Medicare billing records. “When it comes […]

Gulf Coasters aren’t buying Obama’s side show

Gulf Coasters aren’t buying Obama’s side show

President Barack Obama promised that life would return to normal for people living on the stricken Gulf Coast, and BP said by the end of the month it would contain more than three times as much oil spewing from a ruptured undersea well. The pledges didn’t placate some residents. “I think that as long as […]

BP cut corners, cost on doomed ‘nightmare well’

BP cut corners, cost on doomed ‘nightmare well’

BP took measures to cut costs in the weeks before the catastrophic blowout in the Gulf of Mexico as it dealt with one problem after another, prompting a BP engineer to describe the doomed rig as a “nightmare well,” according to internal documents released Monday. The comment by BP engineer Brian Morel came in an […]

BP execs face grilling on Capitol Hill

BP execs face grilling on Capitol Hill

BP Plc’s U.S. chief faces accusations in Congress on Tuesday that the energy giant caused the worst oil spill in U.S. history with a calculated strategy to cut costs, hours before President Barack Obama uses a televised address to defend his handling of the disaster. A day after BP shares fell 9 percent in London […]

Rand Paul goes after the gun vote

Rand Paul goes after the gun vote

Republican U.S. Senate candidate Rand Paul reached out to gun advocates on Saturday, trying to shore up support from a major voting bloc in Kentucky also being courted by his Democratic opponent. The Bowling Green eye doctor whose campaign Web site sports footage of him blasting away with an automatic rifle signed autographs and glad-handed […]

Financial reform: The lobbyists move in

Financial reform: The lobbyists move in

Congress’ final tinkering with Wall Street overhaul this month offers lobbyists a last-ditch shot to reshape the package on behalf of clients with billions at stake. Even as the legislation gets tougher on banks by the week, agents of influence are hardly strangers on Capitol Hill. Many once worked for the lawmakers they’re lobbying. Rep. […]