Members of a House committee on Wednesday began shaping a bill that targets the problems laid bare by the Gulf oil spill, from lax regulation to inadequate accident-response plans.
The Obama administration released a new version of its moratorium on offshore drilling, saying the ban was needed to protect against the risks of another accident.
A new containment cap could temporarily halt oil from gushing into the Gulf of Mexico. BP's gambit could dramatically alter the arc of the Gulf oil spill drama. Critics are doubtful.
Gulf oil spill has cost BP nearly half its market value and at least $10 million a day in potential US fines. Can BP CEO Hayward survive those losses?
Republican leaders, in damage-control mode, forced Rep. Joe Barton to apologize for his apology Thursday to BP. Will anyone remember GOP lawmakers' other points?
Members on both sides of the aisle left Thursday’s hearing frustrated by the stonewalling, as the CEO refused to acknowledge liability or even mistakes in the BP oil spill.
Joe Barton, Republican congressman from Texas, accused the White House Thursday of a '$20 billion shakedown' of BP over the Gulf oil spill.
BP CEO Tony Hayward, testifying Thursday in Congress about the Gulf oil spill, said other firms are involved and it's too soon to assign blame. Lawmaker cites BP 'complacency' toward safety.
BP 'Small People' comment and oil spill blasted on Capitol Hill Thursday during congressional testimony by BP CEO Tony Hayward.
On his website, Al Gore criticizes BP for denying reporters access to the Gulf oil spill area. But is it a 'de facto form of censorship,' as the former VP says?