Sources: BP agrees to $20B fund for spill victims - WLOX.com - The News for South Mississippi

Sources: BP agrees to $20B fund for spill victims

WASHINGTON, DC (AP) - Senior administration officials tell The Associated Press that BP has agreed to finance a $20 billion fund to pay the claims of people whose jobs and way of life have been damaged by the devastating Gulf Coast oil spill.

The independent fund will be led by lawyer Kenneth Feinberg, who oversaw payments to families of victims of the Sept. 11, 2001, terrorist attacks.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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