Obama: BP agrees to $20B fund for spill victims
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After meeting with top BP officials, President Barack Obama announced on Wednesday that the oil giant has agreed to set aside an initial $20 billion to pay the victims of the oil spill in the Gulf of Mexico, calling it "an important step toward making the people of the Gulf Coast whole again."
Obama, speaking alone at the White House, also announced that BP had voluntarily agreed to establish a $100 million fund to compensate laid-off oil right workers affected by his six-month drilling moratorium. (AP)
