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

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

WASHINGTON - A senior adviser to President Barack Obama says the administration is confident that BP's latest effort to contain the oil spill in the Gulf of Mexico will work.

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

President Barack Obama accused Republicans on Saturday of blocking bills that would boost the nation's economic recovery and lift a $75 million cap on what oil companies must pay to families and small businesses affected by an oil spill.