Obama vows to end Washington's cozy ties with oil drillers

Obama said Friday that a lack of vigilant oversight contributed to the BP oil rig explosion that led to large amounts of oil pouring into the Gulf of Mexico. He said federal regulators sometimes have approved drilling plans based on the oil companies promising to use safe practices.
He said the rule from now on will be "trust but verify." He made his comments at the White House after discussing the gulf spill with Cabinet members.