Transocean, the owner of the Deepwater Horizon rig where 11 men died in April 2010, has agreed to pay $1.4 billion in criminal and civil penalties to resolve Justice Department allegations over its role in the Gulf of Mexico oil spill.
Originally published on Wed September 19, 2012 12:54 pm
Update at 2:01 p.m. ET. 14 U.S. Officials Cited For Possible Discipline:
The Justice Department's Inspector General has released the results of an investigation into the Bureau of Alcohol, Tobacco, Firearms, and Explosive's failed gun-walking operation known as "Fast and Furious."
House Republicans have gone through with their promise: The House Oversight and Government Reform Committee has filed a lawsuit against Attorney General Eric Holder, claiming that he is under contempt for failing to turn over documents related to the failed gun-walking operation Fast and Furious.
Update at 4:40 p.m. ET. House Votes To Hold Holder In Contempt:
In a dramatic showdown between the branches of government, the Republican-led House voted along party lines to hold Attorney General Eric Holder in contempt of Congress. This is the first time in history an attorney general has been held in contempt.