"The massive oil well leak in the Gulf of Mexico abruptly turned into a national crisis yesterday, when scientists realized oil is probably gushing from the seafloor at five times the rate they first thought. The expanding slick began washing ashore in the Mississippi River Delta last night," the Boston Globe reports. The leak is about the size of the state of Rhode Island.
The New York Times: "The response to the oil spill in the Gulf of Mexico intensified abruptly on Thursday, with the federal government intervening more aggressively as the rapidly growing slick drifted ever closer to the fragile coastline of Louisiana. Resources from the United States Navy were marshaled to supplement an operation that already consisted of more than 1,000 people and scores of vessels and aircraft."
The Wall Street Journal: "Federal prosecutors are conducting a criminal investigation into whether Goldman Sachs Group Inc. or its employees committed securities fraud in connection with its mortgage trading, people familiar with the probe say."
Obama's day: "Obama will comment on the first quarter gross domestic product report from the Rose Garden," AP writes. "He'll be joined by representatives and workers from two American manufacturers, Itron, a Washington state-based producer of smart energy meters, and A123 Systems, a Massachusetts-based advanced battery manufacturer." He will later tour a Secret Service training facility in Maryland.