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 says news that BP has succeeded in capping the Gulf oil spill is a positive sign.

President Barack Obama will spend part of his day on export promotion as well as the Gulf oil spill.

President Barack Obama says that a three-person panel will decide appeals of rejected claims, as part of the $20 billion fund to compensate for damage arising from the Gulf oil spill.

President Barack Obama chose a former Justice Department official on Tuesday to reform the Minerals Management Service, an agency blamed for lax regulation of offshore drilling ahead of the Gulf of Mexico oil spill.