President Obama discusses steps his Administration has taken to increase oversight of oil markets and close dangerous loopholes that allow a small numbers of irresponsible traders to hurt consumers by illegally manipulating or rigging the energy markets for their own gain, and calls on Congress to establish additional protections.
As American consumers are seeing prices of gasoline inch ever higher at the pumps, President Obama is calling for more oversight of the energy markets on Wall Street.
Local officials in Holy Cross, a small community in the interior of Alaska, denied a recall application filed by the group, "Concerned Citizens of Holy Cross."
The "Buffet Rule," an idea favored by 72% of Americans, went up for a cloture vote yesterday. The vote would have opened up the rule for debate in that chamber.
