U.S. Representative Blackburn Interview on Oil Spill

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June 17 (Bloomberg) -- U.S. Representative Marsha Blackburn, a Tennessee Republican, talks with Bloomberg's Maryam Nemazee from Washington about President Barack Obama’s response to the oil leak in the Gulf of Mexico, and the six-month moratorium on deepwater drilling. Obama said BP Plc's will put $20 billion over four years into an oil spill compensation fund that will be independently administered by lawyer Kenneth Feinberg. The fund won’t cap BP’s liability for cleanup costs and economic damage, Obama said after he and some of his top advisers met with BP executives at the White House, and it won’t supersede the rights of individuals or states to sue the company. The company also will contribute $100 million to a fund to help support unemployed oil rig workers. (Source: Bloomberg)

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