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Obama To Hold Press Conference On Oil Spill

The White House has announced President Obama will hold a press conference on Thursday and will answer questions related to the oil spill in the Gulf.

Obama will also announce new offshore oil drilling regulations. Obama wants more thorough safety inspections of drilling rigs and more regulation in regards to the permitting process.

The President will head to the Gulf Coast on Friday, making it his second visit since the rig exploded and caused an environmental catastrophe.