Politics

BP tells Congress not to restrict offshore drilling

BP has said that they have spent $8 billion so far on the response to the oil spill in the Gulf of Mexico. Now, BP is warning Congress that it may not be able to afford payments for damages going forward if lawmakers pass legislation to bar the company from getting new offshore drilling permits. Clifford Krauss, a national business reporter with The New York Times details the latest in the Gulf and looks at whether the company is really facing financial risk.

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