Administrator: 6 months of payments per oil damage request
WASHINGTON - The man in charge of providing compensation for victims of the Gulf oil spill says he's ready to give those eligible a full six months' worth of emergency payments on a single request. Ken Feinberg, who's administering the $20 billion fund established by BP, says that speeding up the claims process is part of the effort to help people feel an added degree of financial certainty. Feinberg says that a payment based on six months of losses rather than month-by-month requests will cut back on the number of claims his office expects to receive. Feinberg appeared today on CNN's "State of the Union."