Sunday, June 13, 2010

Legal Authority

Now I'm curious.

WASHINGTON — President Obama for the first time will address the nation about the ongoing oil disaster in the Gulf of Mexico on Tuesday night and outline his plans to legally force BP executives to create an escrow account reserving billions of dollars to compensate businesses and individuals if the company does not do so on its own, a senior administration official said on Sunday.

“The president will use his legal authority to compel them,” said Robert Gibbs, the White House spokesman.