June 16, 2010

Commentary: President Obama, BP and the law

At a White House meeting Wednesday President Barack Obama and BP Chairman Carl-Henric Svanberg reached a tentative agreement under which the company would create an independent $20 billion fund to pay claims for the spill, which would be administered by Kenneth Feinberg, the administration's "pay czar". The tentative agreement raises myriad questions of authority and practical implementation, however, that must be answered.

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