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Federal Law May Limit News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Detailed text transcripts for TV channel - MSNBC - 20100504:20:14:00

headlines. the gulf coast oil spill continues its development and a deadly set of floods sweeping through tennessee, specifically nashville. we begin with efforts to stop the oil slick in the gulf of mexico. right now, bp prepping what they claim is a massive containment dome that they hope they can lower nearly a mile into the water and place over the largest of the three leaks. that operation not happening for at least a week. the weather cooperating today in keeping the bulk of the spill offshore. the wind and tides critical variables as to when or if and where that oil ultimately ends up. obviously capping the well will determine how much of it there is. meantime, senate democrats expressing outrage that federal law may limit british petroleum s liability for damages beyond the clean-up to simply $75 million. bear in mind, bp reported a $6 billion profit for the first three months of this year selling oil. they also called president obama s plan to expand offshore

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