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[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/06/23/mcchyrstal.art.jpg caption="The top U.S. military commander in Afghanistan will likely resign Wednesday over comments he made about colleagues in a magazine profile, a Pentagon source says."]

McChrystal unlikely to survive article fallout, source says

(CNN) – America's top military commander in Afghanistan is unlikely to survive the fallout from remarks he made about colleagues in a magazine profile to be published Friday, according to a Pentagon source who has ongoing contacts with the general.

Gen. Stanley McChrystal will likely resign Wednesday, the source said. McChrystal's fate is expected to hinge on a meeting scheduled Wednesday with President Obama, who was "angry" after reading the general's remarks in Rolling Stone.

The "magnitude and graveness" of McChrystal's mistake in conducting the interview for the article were "profound," White House press secretary Robert Gibbs said. Defense Secretary Robert Gates said McChrystal had "made a significant mistake and exercised poor judgment." Read more

Obama team readies new drilling ban

The fight over a deepwater drilling moratorium will continue Wednesday with the White House vowing to move quickly to issue a new ban on that type of drilling.

A federal judge in New Orleans issued an injunction on the six-month moratorium on deepwater drilling. President Obama pushed for the ban after the BP oil disaster in the Gulf of Mexico. The White House said it would appeal the ban.

Interior Secretary Ken Salazar issued a statement Tuesday saying he would issue a new moratorium quickly. Read more

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Editor's Note: Welcome to American Morning's LIVE Blog where you can discuss the "most news in the morning" with us each week day. Join the live chat during the show by adding your comments below. It's your chance to share your thoughts on the day's headlines. You have a better chance of having your comment get past our moderators if you follow our rules: 1) Keep it brief 2) No writing in ALL CAPS 3) Use your real name (first name only is fine) 4) No links 5) Watch your language (that includes $#&*).

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/06/22/orszag.obama.gi.art.jpg caption="Peter Orszag is a key part of the Obama administration's economic team."]

Obama's key budget guru leaving

(CNN) – Peter Orszag has told President Obama that he plans to leave his position as White House budget director in July, an Obama administration official said Monday evening.

Orszag, 41, has been a key part of Obama's economic team, serving in his role as director of the Office of Management and Budget during the passage of the economic stimulus bill and this year's health care reform legislation.

As budget director, he crafted policy, but also was a prime negotiator with congressional Republicans.

As one of the main negotiators in the final hours before lawmakers passed the economic stimulus package, Orszag tried to bridge differences and was keeper of the ever-changing numbers, often crunching them in his head. Read more

Judge to rule on drilling moratorium

A judge in New Orleans may rule Tuesday on whether to lift the federal government's moratorium on deepwater drilling in the Gulf of Mexico.

U.S. District Court Judge Martin Feldman has said he will give his decision between early Tuesday and Wednesday afternoon on whether to issue a preliminary injunction against the six-month ban, which halts all drilling in more than 500 feet of water and prevents new permits from being issued.

Brian Collins, an attorney for the Justice Department, insisted Monday that the suspension is necessary while officials conduct a safety review after the Deepwater Horizon explosion. Read more

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[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/06/21/rig.worker.gi.art.jpg caption="As oil continues gushing into the Gulf of Mexico, a federal judge will hear arguments Monday from companies seeking to end a 6-month ban on deepwater drilling."]

Companies seek to end moratorium on drilling

(CNN) – As oil continues gushing into the Gulf of Mexico from a ruptured undersea well, a federal judge will hear arguments Monday from companies seeking an end to a temporary moratorium on deepwater drilling.

The six-month ban, instituted by the government last month, halts all drilling in more than 500 feet of water and prevents new permits from being issued.

But a company that provides boats and equipment to the offshore drilling industry says in a lawsuit that the government has no evidence that existing operations pose a threat to the gulf.

Hornbeck Offshore Services LLC and other oil service companies named as plaintiffs in the case say they want a court order declaring the moratorium invalid and unenforceable. A federal judge will hear their arguments Monday morning.

Government lawyers argue that the temporary suspension of deepwater drilling is necessary to assess the safety and regulation issues and reduce the risk of another environmental disaster. Read more

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Editor's Note: Welcome to American Morning's LIVE Blog where you can discuss the "most news in the morning" with us each week day. Join the live chat during the show by adding your comments below. It's your chance to share your thoughts on the day's headlines. You have a better chance of having your comment get past our moderators if you follow our rules: 1) Keep it brief 2) No writing in ALL CAPS 3) Use your real name (first name only is fine) 4) No links 5) Watch your language (that includes $#&*).

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/06/18/tony.hayward.congress.gi.art.jpg caption="BP CEO Tony Hayward declines to speculate on what may have prevented disaster."]

BP chief's testimony angers lawmakers

(CNN) – As oil continued gushing into the Gulf of Mexico from BP's ruptured deepwater well Friday, the political firestorm sparked by the environmental disaster showed no signs of slowing.

Lawmakers said many questions remained after BP CEO Tony Hayward faced a bipartisan barrage of criticism during a heated day of testimony on Capitol Hill.

"It was frustrating, not just to me but to the American people," Rep. Bart Stupak said Thursday on CNN's "John King, USA."

U.S. Coast Guard Adm. Thad Allen, the government's oil disaster response manager, is expected to brief reporters on cleanup efforts Friday morning.

On Thursday, he said drilling of two "relief wells," viewed as the ultimate solution to the Deepwater Horizon gusher, was ahead of schedule, but he shied away from saying the well would be plugged early, citing the complexity of the operation. Read more

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Editor's Note: Welcome to American Morning's LIVE Blog where you can discuss the "most news in the morning" with us each week day. Join the live chat during the show by adding your comments below. It's your chance to share your thoughts on the day's headlines. You have a better chance of having your comment get past our moderators if you follow our rules: 1) Keep it brief 2) No writing in ALL CAPS 3) Use your real name (first name only is fine) 4) No links 5) Watch your language (that includes $#&*).

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/06/17/hayward.tony.gi.art.jpg caption="Weeks after oil began spilling into the Gulf of Mexico, BP does not know whether its efforts to stop the flow will soon succeed, its CEO will testify Thursday."]

BP working, but cannot guarantee outcome, CEO says

(CNN) – Eight weeks after an explosion uncorked a massive oil spill into the Gulf, BP does not know whether its efforts to stanch the flow will soon succeed, its CEO plans to testify Thursday.

"We cannot guarantee the outcome of these operations, but we are working around the clock with the best experts from government and industry," Tony Hayward says in prepared testimony to be delivered before the House Committee on Energy and Commerce Subcommittee on Oversight and Investigations.

"The explosion and fire aboard the Deepwater Horizon and the resulting oil spill in the Gulf of Mexico never should have happened - and I am deeply sorry that they did," he says in his prepared remarks.

"None of us yet knows why it happened. But whatever the cause, we at BP will do what we can to make certain that an incident like this does not happen again." Read more

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Editor's Note: Welcome to American Morning's LIVE Blog where you can discuss the "most news in the morning" with us each week day. Join the live chat during the show by adding your comments below. It's your chance to share your thoughts on the day's headlines. You have a better chance of having your comment get past our moderators if you follow our rules: 1) Keep it brief 2) No writing in ALL CAPS 3) Use your real name (first name only is fine) 4) No links 5) Watch your language (that includes $#&*).

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/06/16/obama.address.gi.art.jpg caption="A day after President Obama blasted BP for its "recklessness," he will meet with the company's top executives to discuss a fund to cover cleanup costs and claims stemming from the Gulf oil spill."]

Obama, BP set for Gulf oil showdown

(CNN) – President Obama will have his showdown on Wednesday with BP top executives and says he will tell the company it must pick up the tab for the massive oil disaster in the Gulf.

Obama vowed Tuesday to unleash whatever resources may be needed to fight the oil spill in the Gulf of Mexico and to keep the pressure on BP.

"We will fight this spill with everything we've got for as long it takes," Obama said after two consecutive days surveying the Gulf Coast, which is threatened by a massive oil spill that began April 20 and continues to pump oil into the Gulf waters and worry into Gulf residents.

In a prime-time speech to a national audience, the president predicted that, "in the coming days and weeks," efforts to contain the leak "should capture up to 90 percent of the oil leaking out of the well."

Ending the leak should occur later in the summer, when a relief well being drilled by BP is slated for completion, he said. Read more

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