Detailed text transcripts for TV channel - CNN - 20100505:16:36:00
All legitimate claims will be honored. and i would add one further point. i think it is inevitable that the over-cap will be exceeded. >> the ceo of bp has stated that they expect to exceed the liability cap of $75 million. when i said, will you be responsible for the economic damages, he said that is something that we will have to work out in the future. >> reporter: now, after that meeting last night senator bill nelson there along with senators to introduce legislation, that would bump that cap up significantly to $10 billion and make it retroactive. i asked the senate majority leader if he...
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