Home
 
Choose Your City
Change City

Obama proposes oil spill legislation

<p>Legislation proposed by the Obama administra-tion to respond to the massive Gulf oil spill foresees $118 million in one-time discretionary spending, the bulk of which is expected to be covered by well owner BP, senior adminis-tration officials said yesterday.</p>

Legislation proposed by the Obama administra-tion to respond to the massive Gulf oil spill foresees $118 million in one-time discretionary spending, the bulk of which is expected to be covered by well owner BP, senior adminis-tration officials said yesterday.


White House officials said it would enable the federal government to speed assistance to those affected if the spreading spill worsens, which seems likely.


It would also lift an existing cap on damages liability for the responsible company relating to economic losses caused by the oil spill.

 
 
You Might Also Like