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Obama flies South, takes fourth tour of Gulf
The White House said Monday BP appears willing to set up a massive victims compensation fund, as President Barack Obama set out on a fact-finding tour in the stricken Gulf Coast that he said would help him get tough with the oil company's leaders.
Obama wants BP to set up escrow account for oil spill claims
President Barack Obama will demand that BP create a special account with "substantial" reserves to pay Gulf oil claims and will take other steps aimed at aiding the region, his top political adviser said Sunday.
The ban on deepwater petroleum drilling in the Gulf of Mexico is being challenged by a Louisiana oil services company that claims the federal government has not shown justification for the shutdown.