Benzinga's Political Round Up (USO, JPM)

The Obama administration is trying to get mortgage-servicers such as J.P. Morgan JPM to settle over breakdowns, and potentially have the banks writedown principal worth billions of dollars. Oil prices USO continue to rise on supply disruptions out of Libya. James Millstein, who had been the Treasury Department's chief restructuring officer since May 2009, is leaving to pursue other opportunities in the private sector.