The Federal Reserve Board imposed a cap on the fee charged by banks from retailers when the customers use a debit card at their businesses.
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After Herculean efforts spread over more than three months, BP Plc has finally succeeded in plugging the busted well, stopping the oil from leaking into the water.
After over 3 months of intense struggle trying to stem the spewing oil in the Gulf of Mexico, BP has finally succeeded.
The ‘static kill’ process, which entails pumping mud and cement into the busted well to stem the oil from leaking, is expected to start late Monday night or Tuesday.
It has taken some time and indefatigable effort from all concerned to reach a stage where the discernible oil slick on the surface of the Gulf of Mexico is, thankfully, conspicuous by its absence.
The approach of a major storm on Saturday has led BP Plc, owner of the ruptured well in the Gulf of Mexico, to temporarily halt efforts to plug the spewing oil.
The weather has played spoilsport again in the Gulf of Mexico. Work on efforts to plug the busted well had to be put on hold as climatic conditions deteriorated in the eastern Caribbean.
The federal government has allowed the cap which is stopping the gushing oil in the Gulf of Mexico to remain closed for now.