A dancer from the Mangueira samba school performs during carnival celebrations at the Sambadrome in Rio de Janeiro, Brazil, Tuesday, Feb. 21, 2012.
The Wall Street Journal reports that federal prosecutors are targeting several Houston-based engineers and at least one supervisor employed by British oil giant BP connected to the 2010 Gulf oil spill.
In his Saturday radio address, President Obama said US troops returning from Iraq offer lessons about the nation's character. In their address, Republicans said troops are most concerned about finding a good job.
Government shutdown looms because of the absence of spending legislation. But GOP, Democratic leaders are sounding bipartisan notes to resolve conflict over payroll tax cuts and unemployment benefits and avert a government shutdown.
Keystone pipeline extension, part of payroll tax bill approved by the US House, has met fierce resistance from Democrats, environmentalists. But they're aiming at the wrong target if they want to slow Canadian oil sands development.
Republicans are blocking the appointment of Richard Cordray as director of the Consumer Financial Protection Bureau. Obama says he won't back down on his effort to protect middle-class Americans from deceptive business practices and prevent another financial meltdown.
Oil prices fell $2 Friday to $96.93. But Brent crude oil prices in London remain above $108 per barrel.