AOL News has a new home! The Huffington Post.
Click here to visit the new home of Politics Daily!Hot on HuffPost:
Controversial Book On Obama Appears To Have Lifted Key Quote
Walker Recall Effort Struggles To Gain Momentum
exxon mobil
Rising Oil Prices Beginning to Hurt US Economy
By not in system - AOL NewsWASHINGTON - Just when companies have finally stepped up hiring, rising oil prices are threatening to halt the U.S. economy's gains. Some economists are scaling back their estimates for growth this year, in part because flat wages have left households struggling to pay higher gasoline prices. Oil has topped $108 a barrel, the highest price since 2008. Regular unleaded gasoline now goes for an average $3.69 a gallon, according to AAA's daily fuel gauge survey, up 86 cents from a year ago. The higher costs have been driven by unrest in Libya and other oil-producing Middle East countries, ...
Opinion: What's Really 'Too Big to Fail'?
By not in system - AOL News(July 1) -- The financial reform bill passed by the House on Wednesday is, among other things, supposed to deal with the "too big to fail" problem among financial institutions. That issue -- too big to fail, or TBTF -- is everywhere these days. The concern is about institutions that grow so large that the government has no choice but to bail them out when things go wrong. It's certainly a concern, but in all the debate over TBTF, the one institution that deserves attention always gets overlooked: government. To get a sense of its size, think of the federal government as a corporation; ...
Congress Slams Big Oil Executives: 'The Free Ride Stops Today'
By Patricia Murphy - Politics DailyHouse Democrats wasted no time Tuesday in accusing five of the largest oil companies in the country of being completely unprepared to respond to a spill like the one tarring hundreds of square miles of the Gulf of Mexico. During a congressional hearing, Democrats also called for new regulation of oil and gas drilling and comprehensive climate change legislation to wean Americans off of foreign oil, and to seek the resignation of Lamar McKay, the chief executive of BP America. Republicans accused Democrats of using the gulf disaster to pass unrelated pet projects and asked why the hearing ...
Big Oil in Washington Bull's-Eye as CEOs Take Hot Seat in Gulf Inquiry
By Patricia Murphy - Politics DailyEvery drama needs a villain. And with images of toxic crude oil spilling into the Gulf of Mexico at a rate of more than a million gallons a day, Democrats in Washington have seized on Tony Hayward, the chief executive of BP, and the chiefs of the five largest oil companies in the world as the villains most responsible for the ongoing disaster in the Gulf. Beginning Tuesday, President Barack Obama and members of Congress will make a full frontal assault on Hayward and Big Oil, hauling the executives before congressional panels, into the Oval Office, and before the court of public opinion using ...
Rep. John Carter Finds His Missing $300,000 in Exxon Profits
By Joann M. Weiner - Politics DailyHypocrisy is a cheap commodity in Washington. Texas Republican John Carter is the latest member of Congress to accuse a fellow member of wrongdoing while being guilty of essentially the same offense. After initially denying that he had a problem, Carter admitted that he had failed to disclose almost $300,000 in profits from sales of Exxon stock in 2006 and 2007, Roll Call reported last week. Carter's lapse appears to involve a failure to report income rather than a failure to report taxes. ...
Follow Politics Daily
POPULAR
- Nancy Pelosi Confirms House May Skip Up or Down Vote on Senate Health Bill
- Debrahlee Lorenzana: A Double Take on Those Double D's
- Campbell Brown Quits CNN With Shockingly Frank Farewell
- Palin Earnings Estimated at $12 Million
- The Five Most Racist Obama Cartoons?
- Soraya M., Stoned to Death for Being an "Inconvenient Wife''
- Jimmy Carter Leaves Church Over Treatment of Women
- No posts are available.
News From Our Partners
- Dragon arrives at space station in historic 1st
- Picking new leader, Egyptians search for superman
- Egyptians vote in first free presidential vote
- Moon chips from Vegas casino mogul sent to NASA
- Egyptians vote to rid nation of autocratic rule
- More Stories »
- 'Masters of the Universe' Sure Have Fragile Egos
- Romney: My Mistakes 'Haunt Me'
- Newt Lauds Romney: He's Like Eisenhower
- Irked Senate Panel Votes 30-0 to Cut Pakistan Aid
- GSA Bash Organizer Steps Down
- More Stories »
- Know Your Enemy
- Obama’s Challenge in Egypt
- The Edwards Waiting Game
- Are Doctors Doing Too Much?
- The Pagan Cult of Reagan
- More Stories »
- Ambition Counteracting Ambition
- Robert Blagojevich Speaks Out
- In Iowa, Obama Calls Romney's Words 'A Cow Pie of Distortion'
- In Iowa, Obama Calls On Congress to Act on Clean Energy Tax Credits
- Romney Has Interesting Morning in Inner-City Philly
- More Stories »
Top News
More News
More on Aol
Local News
More Blog/Sites
Sites and Services
HuffPost Politics