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BP Report Says a Series of Failures Led to Oil Spill

The oil giant BP said Wednesday in its internal report that a series of failures involving a number of companies ultimately led to the huge oil spill in the Gulf of Mexico.

"No single factor caused the Macondo well tragedy," BP said in a statement about the report. "Rather, a sequence of failures involving a number of different parties led to the explosion and fire which killed 11 people and caused widespread pollution in the Gulf of Mexico earlier this year."

Clinton: It's time to seize an `American Moment'

Secretary of State Hillary Rodham Clinton is asserting that the Obama administration's approach to foreign policy is beginning to pay dividends.

Colorado wildfire destroys 92 structures

Smoke rises as a firefighting helicopter alights after taking on water to spray over a wildfire on September 7, 2010 in Boulder, Colorado.

Protesters, LAPD clash as chief defends shooting

Police disperse crowd near Westlake site where officer shot a day laborer to death.

OHIO: Trustees on Exotic Animal Ban: Our Hands are Tied

A deadly bear attack continues to spark controversy. Animals rights activists from PETA are urging township trustees to ban private ownership of exotic animals.

Hermine's Remnants Head North After Storm Weakens

It's power spent, what was left of Tropical Storm Hermine was making its way north Wednesday, having drenched parts of northeastern Mexico and south Texas before weakening.

Boehner Calls for 2-Year Freeze on All Tax Rates

House Republican Leader John Boehner onWednesday proposed a two-year freeze on all tax rates and a cut in government spending to the levels of 2008, before a deep recession took hold of the economy.

Obama's big tax plans

President Obama today plans to propose $30 billion in new investment tax breaks for businesses to go along with tens of billions in spending he called for on Labor Day to invigorate the slow recovery.

World Trade Center Rebuilding May Finish by 2014, Officials Say

Construction continues on One World Trade Center , center right, next to the footprints of the former 1 World Trade Center and 2 World Trade Center in the Financial District of Manhattan in this aerial photo taken over New York Photographer: Keyur Khamar/Bloomberg Four office towers, a transit center designed by Santiago Calatrava , a memorial and ...

Reid blames Wall Street, Bush for bad times

Vulnerable because of Nevada's dismal economy, U.S. Sen. Harry Reid fought back Tuesday against the charge from GOP challenger Sharron Angle that he is responsible for the state's record downfall.

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