Obama will demand BP establish escrow account to handle oil spill claims
By The Post's Ed O'Keefe and Anne E. Kornblut:
President Obama will demand that BP establish an escrow account to compensate for Gulf Coast oil spill claims when he meets with company executives on Wednesday, White House officials said Sunday.
Obama is expected to announce the details of the escrow account request during the address, which he will make upon returning to the White House after a two-day trip to the region, senior adviser David Axelrod said.
"We want to make sure that money is escrowed for the legitimate claims," Axelrod said on NBC's Meet the Press. The president's discussion with BP executives will focus on the amount of money that should be set aside in the account, an amount Axelrod said should be "substantial."
| June 13, 2010; 12:24 PM ET
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