Jackie Calmes Nyt News Service
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BP chief expresses contrition to Congress
BP's embattled chief executive, Tony Hayward, prepared to tell Congress on Thursday that he was "deeply sorry" for the oil disaster in the Gulf of Mexico, seeking to demonstrate that he and the oil giant understood the enormity of the spill's environmental, economic and human toll.Mr. Hayward has faced withering criticism for his response to the sp...
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BP to set aside $20 billion for spill claims
The White House and BP tentatively agreed that the oil giant will create a $20 billion fund to pay claims for the worst oil spill in American history, to be independently run by the mediator who oversaw the 9/11 victims compensation fund, Kenneth Feinberg, according to two people familiar with the deliberations. The agreement was not final and was ...
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Will make BP pay for the oil spill, says Obama
US President Obama summoned Americans on Tuesday to a "national mission" to move away from reliance on oil and develop alternative sources of energy, demanding that Congress move quickly to overcome "a lack of political courage and candor." Speaking to a national television audience from the Oval Office, Mr. Obama also promised a long-term plan to ...
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White House struggles as criticism on leak mounts
The Obama administration scrambled to respond on Sunday after the failure of the latest effort to kill the gushing oil well in the Gulf of Mexico. But administration officials acknowledged the possibility that tens of thousands of gallons of oil might continue pouring out until August, when two relief wells are scheduled to be completed. "We are pr...
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Obama to seek spending freeze to trim deficits
US President Barack Obama will call for a three-year freeze in spending on many domestic programs.
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BP chief expresses contrition to Congress
BP's embattled chief executive, Tony Hayward, prepared to tell Congress on Thursday that he was "deeply sorry" for the oil disaster in the Gulf of Mexico, seeking to demonstrate that he and the oil giant understood the enormity of the spill's environmental, economic and human toll.Mr. Hayward has faced withering criticism for his response to the sp...
-
BP to set aside $20 billion for spill claims
The White House and BP tentatively agreed that the oil giant will create a $20 billion fund to pay claims for the worst oil spill in American history, to be independently run by the mediator who oversaw the 9/11 victims compensation fund, Kenneth Feinberg, according to two people familiar with the deliberations. The agreement was not final and was ...
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Will make BP pay for the oil spill, says Obama
US President Obama summoned Americans on Tuesday to a "national mission" to move away from reliance on oil and develop alternative sources of energy, demanding that Congress move quickly to overcome "a lack of political courage and candor." Speaking to a national television audience from the Oval Office, Mr. Obama also promised a long-term plan to ...
-
White House struggles as criticism on leak mounts
The Obama administration scrambled to respond on Sunday after the failure of the latest effort to kill the gushing oil well in the Gulf of Mexico. But administration officials acknowledged the possibility that tens of thousands of gallons of oil might continue pouring out until August, when two relief wells are scheduled to be completed. "We are pr...
-
Obama to seek spending freeze to trim deficits
US President Barack Obama will call for a three-year freeze in spending on many domestic programs.
