President Obama delivered a statement following today’s White House meeting with BP executives, where the company agreed to establish a $20 billion escrow fund to help pay for spill claims, and he offered some details about the fund and how it will work.Obama said that the $20 billion set aside for the fund is not a liability cap, but it “will provide substantial assurance that claims people and businesses have will be honored.”
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=125136