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Detailed text transcripts for TV channel - FOXNEWS - 20100616:19:01:00

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 ....

Carl Hinrich Fonburg , White House , Oil Company , 14 Billion , 20 Billion , 814 Billion Dollars , 0 Billion , Business Have ,

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 ....

Gulf Coast , Last Night , Escrow Fund , Oil Company , 0 Billion , 20 Billion , Third Party , Gloria Borger ,

Detailed text transcripts for TV channel - CNN - 20100616:04:13:00

So we can, we can produce 100% of the greatest seafood produced in the world right here in the gulf of mexico. larry: james, what does he say? what would you have him say, you used to be a presidential adviser, what would you tell him? i would say you at the largest tort feaser in the history of the united states. let me tell you this is the way it will work. we are a country that holds third graders accountable, we will hold you accountable for everything that you have done. and we are going to start out and i am going to suggest a figure here, i want you to react to it to put it in escrow. let s just start at $20 billion. then i would see how they reacted. i would be very tough. i would explain to them that, it s very important that everybody know that you clean up your mess. you know you walk in, walk into my children s room and say clean up your mess. tell bp this because they re gazillion, billion dollar company, they have to clean their mess up. ....

James Carville , Gulf Of Mexico , Larry King , Graders Accountable , Tort Feaser , 20 Billion , 0 Billion , Dollar Company ,

Detailed text transcripts for TV channel - FOXNEWS - 20100616:16:07:00

Our getting off oil, if you will. jon: william la jeunesse reporting for us. just as william was speaking a bulletin has crossed our wires from the new york times saying that bp has reportedly agreed to place $20 billion in escrow to pay for cleanup of the gulf and to pay damages to those who have been impacted by that oil spill still raging there. again, $20 billion in escrow. that according to the new york times . jane: home grown trorks of course, a growing threat in this country. some recent examples include the fort hood shootings, the failed bombing in times square in new york city. some republicans on the hill now are locking horns with the intelligence community on how best to deal with the problem. let s get to catherine herridge, our national correspondent in d.c. catherine, why are they objecting, these republicans, to the plans from homeland security? reporter: thank you jane. we obtained this letter sent in early june to the homeland security secretary, ....

Voting Nay Jon , The New York Times , William La Jeunesse , Jane Skinner , Oil Spill , Home Grown Trorks , 0 Billion , 20 Billion , New York City , The Hill , Locking Horns , Times Square , Fort Hood , Catherine Herridge , Homeland Security Secretary , Department Of Homeland Security ,

Detailed text transcripts for TV channel - FOXNEWS - 20100616:19:34:00

Around deep water drilling first and report back to him as soon as they can. they do not have to wait for any set period of time. but it sounds like they re in a second class here, having to rely on a separate fund. us going to congress. that s taxpayer money. instead of it sounds like taxpayers will pay for some portion of those. it s for the unemployment insurance portion that we re asking congress some of them workers apparently qualify under existing law, some might not. we re seeking to make sure all qualify and there s an additional fund. phoneberg, knowing him, he ll move quickly but he has to set standards, there s bureaucracy here. how quickly will he start handing money out to people? it s important to understand, people can continue to file claims. this is a seemless transition. there s a claims process today. we realize it s not working the ....

Deep Water Drilling , United States , Taxpayer Money , Unemployment Insurance Portion , Claims Process Today , Seemless Transition ,