Boosting the minimum wage may cost as many as 500,000 people their jobs, said a new report from Congress’s financial scorekeeper that diminishes chances for an agreement on one of President Barack Obama’s priorities.
The Obama administration continued a decade-long pattern of lax U.S. regulation of offshore oil and natural gas drilling that led to BP Plc ’s spill in the Gulf of Mexico, lawmakers investigating the incident said.
By Steven Mufson and David A. Fahrenthold May 13 (Washington Post) -- A House energy panel investigation has found that the blowout preventer that failed to stop a huge oil spill in the Gulf of Mexico had a dead battery in its control pod, leaks in its hydraulic system, a "useless" test version of a key component and a cutting tool that wasn't strong enough to shear through steel joints in the well pipe and stop the flow of oil. In a devastating review of the blowout preventer, which BP said was supposed to be "fail-safe," Rep. Bart Stupak (D-Mich.), chairman of the House Energy and Commerce Committee's subcommittee on oversight, said Wednesday that documents and interviews show that the device was anything but. The comments came in a hearing in which lawmakers grilled senior executives from BP and oilfield service firms Transocean, Halliburton and Cameron, maker of the blowout preventer. In one
Toyota Motor Corp. must turn over information about brake-override technology in older model vehicles and describe the role a consulting firm plays in the investigation of unintended acceleration, two lawmakers said.
A Gulf of Mexico oil well failed a pressure test hours before a drilling rig exploded last month, an executive for well owner BP Plc told the U.S. House Energy Committee that’s investigating the incident.