Obama said BP will set aside $20 billion for claims. The $20 billion is NOT a cap, Obama said. Kenneth Feinberg will oversee the account and the claims process. BP's chairman apologized today. Obama said BP will also set up a $100 million fund to compensate unemployed oil rig workers. Obama said he emphasized the situation for fisherman and shrimpers to the BP chairman and asked that the company keep the real life people in mind.
