Barack Obama News

Highlights of U.S. Financial Reforms

A U.S. Senate-House of Representatives panel has completed a bill overhauling financial regulation. It must now win approval in each chamber before it can go to President Barack Obama to be signed into law. Here is a brief look at …

Democratic Governors Defend Healthcare Overhaul

A small group of Democratic governors this week launched a counter-attack over the federal healthcare overhaul, firing back against legal challenges from nearly two dozen state attorneys general who are seeking to overturn the new law. In a sign of …

Judge’s Approach to Curbing Malpractice Suits Gets $3 Million

To settle medical malpractice lawsuits, Judge Douglas McKeon sometimes quietly listens to heartbroken family members vent their anger. He calls it “humanness.” Curiosity about medical matters led the longtime New York City judge to become a specialist in resolving wrenching …

Declarations

Not Up to Speed “I don’t think speed is in your vocabulary yet. People are just trying to survive.” —Florida CFO Alex Sink telling BP senior VP Bob Fryar his company is not moving quickly enough to pay claims from …

BP Partner Anadarko Places All Blame for Oil Disaster on BP

As BP Plc rushed to raise cash to pay for the Gulf of Mexico disaster, a partner in the out-of-control well said the British company was likely guilty of “willful misconduct” and should shoulder the financial burden for the worst …

BP Looking to Raise $50 Billion to Cover Gulf Oil Disaster Costs

British energy giant BP Plc is planning to raise $50 billion to cover the cost of the Gulf of Mexico oil spill, while the head of a $20 billion fund to compensate victims of the accident vowed Sunday that eligible …

Oil Fears May Hurt Gulf States’ Economies More Than BP Spill

Fear that oil from a huge BP Plc spill will damage Mississippi’s coast is hurting the state’s economy more than oil damage itself, according to a new report. Tourists are staying away from restaurants and hotels and sport fishing is …

Primary Nears for Republicans Running for Georgia Insurance Post

A crowded field of candidates is battling it out to become the state’s next insurance commissioner, with several vowing to fight the new federal health care law. Nine Republicans and one Democrat have entered the race to replace Commissioner John …

Documents Reveal BP Cut Safety on Oil Rig to Save Money, Time

President Barack Obama promised that life would return to normal for people living on the stricken Gulf Coast, and BP said new efforts will more than triple the amount of oil it captures from a ruptured undersea well. But the …

Obama Demands BP Set Up Independent Account for Oil Claims

President Barack Obama, seeking to demonstrate strong leadership on the Gulf of Mexico oil spill, will demand today that BP set aside billions of dollars to pay damages from the catastrophe. A day after he vowed to fight the spill …