Page 25 - Claims Process News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> no, this is a short-term ephemeral win for the president. he seems to, these seem to be real accomplishments that will help the people in the gulf. the system they set up at least as it's designed sounds like it's one that will expedite the claims process. >> bret: overseen by the current pay czar ken knit feinberg who will oversee the escrow account. >> it sounds like it will expedite the process. but issues still need to be worked out. a lot of what was discussed today had been figured out in advance. one thing that was the snag was the $100 million fund, voluntary fund, payment to founda...

Quite happy today, brooke, to say they did get a commitment of at least $20 billion to fund the claims process. one of the other things they're speaking in this meeting is a third party claims process to get bp and to get some distance from the government to have somebody step in and do this, they hope, in a more efficient and quick way. >> and john, let me ask you a question, because i know there were concerns or questions about how the white house would have the legal authority to force essentially bp to create this escrow fund. was this simply on bp's own volition, or i have to imagine the ...

They wanted to hear more specifics. they wanted to know where are the super tankers, when's it going to happen. >> they wanted to hear specifics. i heard him say that 90% of the oil gush ser going to be captured by july. that's al important promise. he said $20 billion is going to move from the hands of criminals to the hands of the victims. he said 17,000 national guard people are going to be down here helping, very specific things. most importantly, ed, he said bp has now lost control over the claims process, and that's what really matters to the people on this coast that can't pay their bil...

Gulf disaster and as we expect the president to announce he is taking control of that claims process, which has taken a lot of criticism so far. martha: one of the front-burner issues, major garrett joins us live in pensacola, florida, major, good morning. >> reporter: good morning, martha and bill, at pensacola naval air station. the president will be here to deliver remarks to the assembled crowd. you can see behind me here, momentarily, after he gets a briefing from coast guard, retired coast guard admiral thad allen who remains the national incident commander for the oil spill response, th...

This opportunity to talk to the american people about the claims process and what bp's responsibilities are to the gulf of mexico. to talk about the long-term restoration of the gulf, and finally, to challenge all of us, whether you live in the gulf or anywhere else in america, to reduce our dependence on foreign oil and reduce our dependence on fossil fuels. all of those go into i think a very important speech for the president tonight. >> you've known this president a long time. you have worked with him way back to the very beginning of his political career here in washington. i want you to ...