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chairman went to the white house to discuss the payments. for the first time since the disaster, we heard from the chairman, carl hinrich fonburg,. >> i trust the president sensed the sadness and sorrow we feel for this tragic accident that should never have happened. >> it did happen and it is still happening and so far no one has been able to stop it. after the president's meeting, the white house announced the oil company will put $20 billion in a fund that's designed to pay claims to people of the gulf. for perspective bp reported making 14 billion dollars in profits last year. the president spoke a few minutes ago. >> this $20 billion will provide substantial assurance that the claims people and business have
helicopters and sinking barges. today a dredge. the first of many, trying to build a wall of sand. some of the most beautiful parts of louisiana where land and water are hard to distinguish are the most thetened by the spill. one dredge is trying to build a sand wall to protect them. you can see the sand pouring out of that pipe. the dredge is moving a thousand feet of dirt a day to the bottom. they're trying to fight the oil offshore before it gets to the marshlands. >> reporter: of course the islands are also breeding ground for fish and bird. some of the most productive on the face of the earth. >> steve harrigan, thanks. then this before we wrap it up here in "studio b." say you're the chairman of a major international oil company and you just finished a long day
>> we begin with breaking news. bp goes to the white house. today president obama sat down where oil executives. top executives. got a $20 billion promise and the man in charged of the cleanup, thad allen will join the press secretary, robert gibbs, and the treasury secretary in the briefing room. one day after the government nearly doubled the top end estimate of how much oil is pumping into our gulf of mexico. we're told the well could be leaking as much as 2 1/2 million gallons every day. the white house has been telling bp to set aside money to pay victims. spill or as the company's chairman calls them, the small people. maybe there's a language barrier but the small people in really? this morning, bp's c.e.o. and
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