The oil leak seems to be over:

BP says oil from its broken well has stopped gushing into the Gulf of Mexico for the first time since April.

The announcement Thursday came after company officials said all valves had been shut on a new cap over the busted well in an experiment to stop the spill.

Kent Wells, a BP PLC vice president, said at a news briefing that oil stopped flowing into the water at 2:25 p.m. CDT.

Remember when the fate of the world hung on this? (For the record, Obama clearly had little to do with it, but the failure to plug the hole was previously held up as evidence, or perhaps merely a metaphor, of his impotence.)

Oh, and a major financial regulatory reform has now passed.