May 11, 2010

Dems propose massive increase in oil company liability to $10 billion

More on the Gulf Coast Oil Spill from the Hill:

With anger at BP mounting by the day, the legislation has clear populist inspiration and could win expedited passage in Congress, officials say. The bill swiftly earned the backing of House Speaker Nancy Pelosi (D-Calif.) a day after the White House said it “strongly supports” efforts to significantly increase the oil pollution liability cap.

Read more here.

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