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The process. we're going to do what we need to do here, john. >> you say legitimate claims. how will you measure what a legitimate claim is? would you, again, go beyond the $75 million cap if you find these claims under whatever terms you're about to apply to them to be legitimate? >> on, i don't think the $75 million cap is going to be the issue. things where there's impact from this, from this event, this spill, whether they be economic impact or whether it be environmental impact, we'll have to meet those responsibilities. just an example of that right now. people can call our hot line and ...

Develop. i'm sure once this is complete, that thinking will move a long way. the requirements that had to be there were in place. but clearly we need to do more. >> in terms of the amount of money that bp is going to end up paying -- and i know it's going to be a huge amount of money, probably billions of dollars in the cleanup, but the economic damages by federal law are capped at $75 billion. is bp going to hold to that cap or will bp go beyond -- will they try to be a good neighbor and good corporate citizen and go beyond that cap in terms of the potential economic damage? >> we've said sin...

That costs jobs and opportunities. >> at one point during mr. lou's testimony, he suggested that after the 10-year budget period that the president is proposing to start in 2012 and go beyond. in fact, deficits will go up that the president plans on spending. mitch mcconnell said he had been urging the president privately to deal with entitlements for the better part of the last year. while republicans would very much like to go forward, he said, it has to be bipartisan and it will not happen unless the president leads. show kick it right back to the other end of pennsylvania avenue and say th...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.