Senators Call on BP to Set Up $20B Special Account
Senate Majority Leader Harry Reid, D-Nev., plans to send BP a letter on Monday proposing the account. That's two days before BP executives meet with President Barack Obama and three days before chief executive Tony Hayward testifies at a House hearing.
A copy of the letter was released Sunday by Reid's office.
BP has promised to pay for damages. But Obama also wants BP to create a special escrow account, though he hasn't suggested an initial amount.