Obama lashes out at BP on Gulf visit in Grand Isle
President Obama vented frustration over BP during a Gulf Coast stop, promising to watch the company closely as communities like Grand Isle cope with an ongoing oil spill. He urged accountability for claims and emphasized that the region’s way of life is at stake, meeting with fishermen and shopkeepers near the bait shop amid worsening conditions.
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Private employers hold back on hiring in May
May job gains were led by census hiring, with private employers adding just 41 000 positions amid weak optimism. The unemployment rate edged down to 9.7 percent as many stopped looking for work, while Wall Street posted sharp losses and the Dow fell below 10 000.
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