The cost of cleaning the Gulf oil spill and compensating its victims won’t be known for years. But it would have to be an awfully large number to exceed BP's ability to pay.
President Barack Obama vowed that if laws were broken in the devastating Gulf oil spill, those responsible would be prosecuted and pledged changes to avert future disasters. Barack Obama - Mississippi - Oil spill - United States - Alabama
The Obama administration's pay czar is limiting the cash compensation for executives at companies that received the largest taxpayer bailouts to $500,000 and delaying some other payouts.
The Obama administration will order the companies that received most aid to deeply slash compensation to their highest paid executives, an official involved in the decision said.
