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Detailed text transcripts for TV channel - CNN - 20100615:11:04:00

They realize there is frustration among the american people. there s been all these competing claims from bp about how much oil is seeping owl, how much is being captured. the president wants to lay out a reasonable plan going forward on what the american people can expect from the government and also a lot of accountability on bp. you talk about the escrow fund the president wants to set up to make sure these claims are paid. white house has seen those poll numbers we re talking about. they realize the american people are feeling maybe the administration hasn t been tough enough on bp. we ll hear a lot about accountability tonight. ed henry this morning, thanks so much. don t miss the president s oval office address tonight right here on cnn. special coverage begins at 7:00 eastern followed by reaction and analysis on larry king live and live from the gulf coast on ac 360 at 10:00 eastern. bp took risky shortcuts to save time and money when it was drilling the well that s now ....

President Obama , Big Oil , Poll Numbers , White House , Hasn T , Oval Office , Well Why Dont You , Ed Henry , Larry King Live , Tdd 1 800 , Gulf States , Oil Giant , Ac 360 ,

Detailed text transcripts for TV channel - FOXNEWS - 20100615:20:09:00

Attacking bp is not going to help anything. they have already put $7 billion aside. yes, we do need more. but this is a voluntary placement in escrow of money. no judge has determined their liability. we re assuming they re liable but wait a minute, that s not what our constitution says. our constitution says they have the right to go to court and put up a defense. neil: but the congressman raised a good point. in the valdez incident there were years of legal arguments and a lot of folks got paid pennies on the dollar even when it was ruled it was exxon s responsibility. my point is they re trying to avoid that now. maybe with a clumsy mechanism but constitutionally, can they do what they didn t do in 89? no because there s no authority. you can t go in and take assets of a company by executive order? ....

Spend Money , 7 Billion , Neil Cavuto , Sue Him , Executive Order ,

Detailed text transcripts for TV channel - FOXNEWS - 20100615:05:01:00

Billions. in a letter to the ceo, 55 united states senators say they want bp to make an escrow account worth 20 billion dollars. is that going to happen? is it a good idea? steve moore joins us live. steve, is it going to happen? how do you force a foreign corporation to put this money in escrow? i think they probably will. it is probably necessary, in my opinion, greta. you are talking about a company responsible for potentially tens of billions of dollars of not just environmental damage but economic harm to the people who are the fishermen and the people who own resorts and property along those beaches whose businesses will be potentially wiped out because of this environmental disaster that bp has played such a central role in causing. i think what the members of the congress and the white house are saying is look, we don t want bp paying out dividends to share holders and ....

Escrow Account , United States , Steve Moore , 20 Billion , 20 Billion Dollars , You Greta , We Don T , White House ,

Detailed text transcripts for TV channel - FOXNEWS - 20100615:19:40:00

Committee was, to demonstrate all five companies have the same plan, they re all equally inadequate. the chairman of exxon mobil caved and said we re not well equipped to handle one of these things but the chairman of bp american a professional witness before congress, defended the industry s response plans. it s unfortunate we can t get it stopped at the source right now. we re doing everything we can to do that. but i think the command structure has been functional and the spill response have been leaned upon and been the foundation of that. one other point he declined to confirm reports bp established a $7 billion fund in escrow in london to deal with the associated costs. shepard: james rosen live for us on capitol hill or yes, on and i will. thank you very much. you can get the latest ....

Exxon Mobil , Alonzo Monk , Response Plans , Command Structure , Spill Response , Shepard Smith , Capitol Hill , James Rosen , 7 Billion ,

Detailed text transcripts for TV channel - CNN - 20100615:03:19:00

These claims by bp, many of which have turned out to be wrong. they want to lay out a plan, here s what s going to happen from this day forward. they want to stress the accountability on bp. there are signs on the side of the road here on the way to the president s hotel, that his motorcade probably saw, that basically say, mr. president, please activate fema. fema was revealed a few years ago during hurricane katrina, being slow. now all of a sudden fema is being praised. that gives you an idea how frustrated people are with bp, they re asking to bring in fema. wow! that says a lot. yeah, that certainly says a lot, fema was a dirty word here for a while. ed, we ll talk with you more as we watch the president s speech. billy, what do you think of this escrow account? if people ever went bankrupt or to make sure you know, some people have told me, quit talking so bad about bp, you re causing their stock price to go down, if they file for bankruptcy they won t ....

Billy Nungesser , Hurricane Katrina , Stock Price , Injurinjure Ed ,