June 16th, 2010
09:37 AM ET

Obama, BP set for Gulf oil showdown


[cnn-photo-caption image=http://www.cnn.com/video/politics/2010/06/15/obama.oval.office.oil.short.cnn.640×360.jpg caption="In Oval Office address, Obama blasts BP for 'recklessness'" width=300 height=169]

President Obama will have his showdown with BP top executives Wednesday and said he will tell the company it must pick up the tab for the massive oil disaster in the Gulf.

Obama vowed Tuesday to unleash whatever resources may be needed to fight the oil spill in the Gulf of Mexico and to keep the pressure on BP.

"We will fight this spill with everything we've got for as long it takes," Obama said after two consecutive days surveying the Gulf Coast, which is threatened by a massive oil spill that began April 20.

In a prime-time speech from the Oval Office, the president predicted that "in the coming days and weeks," efforts to contain the leak "should capture up to 90 percent of the oil leaking out of the well."

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Filed under: Gulf Oil Spill • President Barack Obama • T1
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