06/16/2010 06:14:00 PM EST
Obama: BP agrees to $20B fund; chairman apologizes
WASHINGTON-(AP) After intense negotiations, BP on Thursday bowed to President Barack Obama's demand for a $20 billion fund to compensate victims of the disastrous oil spill in the Gulf of Mexico. The humbled chairman of the giant British company apologized to the American people for the horrendous accident.
BP is suspending…
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