President Barack Obama on Friday, in a largely symbolic gesture, promised that no new offshore oil drilling leases will be issued unless rigs have new safeguards to prevent a repeat of the explosion that unleashed the massive spill threatening the Gulf Coast.

President Barack Obama on Friday rejected calls from environmentalists to cancel plans for new offshore drilling, but he promised future efforts would contain safeguards to prevent a repeat of the rig accident that left 11 workers presumed dead and...

President Barack Obama declared the US economy was in a much better place than a year ago, as new growth figures spurred hopes of a solid recovery.

President Barack Obama on Friday, in a largely symbolic gesture, promised that no new offshore oil drilling leases will be issued unless rigs have new safeguards to prevent a repeat of the explosion that unleashed the massive spill threatening the Gulf Coast.

President Barack Obama on Friday, in a largely symbolic gesture, promised that no new offshore oil drilling leases will be issued unless rigs have new safeguards to prevent a repeat of the explosion that unleashed the massive spill threatening the Gulf Coast.