Detailed text transcripts for TV channel - CNN - 20100616:18

Detailed text transcripts for TV channel - CNN - 20100616:18:02:00

that was this escrow fund the president mentioned last night. we got a number, $20 billion to go into this escrow fund that the oil company is going to put in there to go towards payments to try to make the people of the gulf coast whole. this is going to be managed not by the government or by bp but by a third party. expecting to hear from the president as we see the pictures you're so familiar with now. we do know, as well, 160,000-plus barrels of oil have been collected since they put the cap on. that's great. that is great news to hear that any of it is being collected. however, at the same time we're getting word about how much is being collected, we're also getting word about how much more could possibly be going out. estimates went up saying that possibly 35,000 to 60,000 barrels every single day have been spilling out into the gulf. those are the updated numbers, numbers that seem like they continue to go up, certainly from the beginning estimates we got. let's bring in gloria borger,

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