President Obama will deliver a statement this afternoon following his meeting with executives from BP on the oil spill. It is expected that the president will announce a deal with BP for a $20 billion spill-victim fund.
The cablers are also awaiting the statement. Fox News will have Trace Gallagher in the gulf coast with reaction from residents.
Update: While the remarks were schedule for 12:15 from the Rose Garden, delays and rain resulted in the President speaking indoors between roughly 2:27-2:34pmET.
- Those Surreal Split Screens: Even the President Can't Control This Message
- On Cable, FNC is Most-Watched for Obama Immigration Remarks
- Obama to Heckler: 'I've Been Respectful to You. I Want You to be Respectful to Me'
- As Networks Pass on Immigration Address, Local Stations Produce Special Reports