President Barack Obama supports a proposal that a large portion of any federal penalties paid by BP Plc over the Gulf of Mexico oil spill be returned to the states, White House energy adviser Carol Browner said today.

US President Barack Obama said Wednesday the BP static kill effort to plug the runaway Gulf of Mexico oil well appeared to be working, calling this welcome news.

President Barack Obama says BP's successful capping of the Gulf of Mexico oil spill is good news.

President Barack Obama says news that BP has succeeded in capping the Gulf of Mexico oil spill is a positive sign. View full sizeBP PLC, via The Associated PressThis video image captured Thursday at 3:57 p.m. shows that the flow...

President Barack Obama Wednesday called a meeting of senators on clean energy and reducing dependence on fossil fuel as the country confronts the disastrous Gulf of Mexico oil spill, White House and senate sources said.