Oil spill fight hampered by rough seas off Louisiana
High winds and choppy seas hindered containment of a vast Gulf Coast oil spill. President Obama halted new offshore drilling without safeguards as lawsuits accuse Halliburton of improper cementing. The BP well continues to leak up to 200000 gallons daily, threatening seafood zones and wildlife.
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Barack Obama
Gulf of Mexico
Halliburton Inc
Halliburton
Billy Nungesser
Plaquemines Parish
Gulf Coast
GDP growth stalls as jobless rate stays high
Washington reports GDP rising 3.2 percent in Q1 as consumer spending jumps 3.6 percent. Despite two straight quarterly gains, unemployment remains at 9.7 percent with economists saying 3 to 5 percent growth needed to drop rates. Analysts caution shoppers to curb spending amid wage and borrowing constraints.
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Ning
Mark Zandi
Moody’s Analytics
Barack Obama
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