>> i have confidence in ken feinberg. but we need to make sure that bp stands for bills paid.e have to make sure that these fishermen are not left with their family nies holding the historical back. i told the fishermen today, as i told them and other members did in a field hearing in louisiana couple of months ago, that we intend to ensure that everyone found is paid. that $20 billion i'm sure bp would like to walk away from by minimizing the accounting of it any of these individual fishermen and a way to only give them 20 cents or 50 cents on the dollar. our job will be to make sure -- ken feinberg and bp -- and a check to each fishermen in a way to ensure that the history of their families are not sent thinly and irreversible direction. direction. >>

>> i have great confidence in ken feinberg. but it is important that we make sure that bp does fulfill its case. we have to make sure that these fishermen, who are victims of bp's gross negligence, in my opinion, are not left with their families holding the historical bag. we have to make sure they are made whole. i told those fishermen today, as i told them and other members of congress told them in field hearings that we had down in louisiana a couple of months ago, that we intend on ensuring that everyone who was harmed is paid. that $20 billion is something that i am sure bp would like to walk away from if they could by minimizing the actual accounting of any of these individual fishermen in a way that only gives them 20 cents or 50 cents on the dollar. our job is to make sure that ken feinberg and bp had the checks to reach one of these fishermen in a way that ensures that the history of their families are not sent irrevocably in a direction that may be irreversible in terms of the harm that has been done to them. >> thank

ken feinberg is the administrator. ays people affected by the spill will get quick returns of their claims. feinberg says all claims by bp and the government will be kept. but some people in the gulf coast are not sure. >> all these promises that they're making that they're not living up to any of these. >> how do we trust you? >> the only way you trust me is over the next few weeks and months is the money going out in a fair and consistent fashion. >> mean what time, a temp temporary cap placed on the well in mid-july is still working. a final seal on the well should take place after labor day. >> a big celebration in chile this morning. there were a lot of hugs after 33 workers who had been trapped in a mine were found alive. they had been missing for 17 days, but they're not out of the woods yet. get this, they are more than 2,200 feet below the ground and rescue workers says it's going to take about four months to carve a tunnel big enough to get them out. now, the hole that they drilled to find the miners in the fi

the $20 billion fund administered by ken feinberg says how close a person or business was to the gulf spill will play a key role in claims. people will also be asked for details on how the spill caused damage or economic loss. and france sees a slower economy next year, president nicolas sarkozy's government today slashed the nation's g.d.p. growth forecast from 2.5% to just 2% for 2011. the move comes as that nation prepares for its biggest budget squeeze in two decades. >> tom: still ahead, who will run the world's largest computer maker? we look at the horse race to replace mark hurd as head of hewlett packard. >> susie: record numbers of americans are tapping their retirement savings to get through the recession. that's according to fidelity investments, which manages one out of every five 401k accounts in the country. fidelity says one out of ten people with a retirement accounts at work took out a loan over the last year, and others took hardship withdrawals. darren gersh has more. >> reporter: while he worked writing up technical manuals for chip designers, lance carter also bu

. >> reporter: ken feinberg is willing to spend $20 million to make people whole after the oil spill, but not one penny on scammers. he's overseeing b.p.'s new compensation fund. how are you going to handle the fraud aspect? >> fraud, i've got the complete cooperation of the department of justice and that criminal fraud division is the best there is. >> reporter: in baton rouge, this is the division's national center for disaster fraud created after widespread fraud following hurricane katrina. $80 billion was earmarked for reconstruction but an estimated $4 to $6 billion was linked to insurance fraud. among the criminal convictions, a mississippi mayor, a louisiana minister, and a parish councilman. the national center's mission now: protect b.p.'s money for legitimate victims. >> it is harder to get away with it. that's not to say people won't try. >> reporter: just this month, three louisiana fishermen were arrested for felony fraud. all received thousands in b.p. compensation checks after allegedly filing phony claims. >> i cannot pay claims without documentation. >> reporter: but

ken feinberg is the $20 billion man. >> here's another reason you've got to fill out the form. >> reporter: today he barnstormed the mississippi coast, explaining the new gulf coast claims facility, replacing the bp claims service that made few people happy. >> i will come back here as much as possible. >> reporter: feinberg wants people whose jobs and businesses were harmed by the spill to apply for an emergency payment equal to six months' losses, but those people are skeptical of a man appointed by president obama and administering funds from bp. >> when the administration and bp set up this program, they set it up with me as totally independent. if anybody thinks that i'm beholden to either the administration or bp, i can only tell them, just watch what this facility does in the way of compensation over the next few weeks and months, and you will see not through talk but deed how independent this facility really is. >> reporter: in its four-month effort bp said it received 154,000 claims. they came from all 50 states. bp paid out $399 million. now, today feinberg was just talking about

ken feinberg is the administrator. feinberg says all claims by bp and the government will be kept, but some people in the gulf coast are not so sure. >> all of these promises that they're making, that they're not living up to any of the -- >> how did we trust you? >> the only way you trust me is over the next few weeks and nos months is the money going out in a fair and consistent fashion. >> meanwhile, the temporary cap placed on the well is still working. >>> right now, it's 6:37. we want to check in with mike and take a peek at your monday morning compute. >> good morning, guys. talking about nobody through oakland, we'll take a live look up there. we did see slowing through the last few minutes. reports of a table in the lane around 23rd. now, that may very well have cleared. we saw the slowdown clear up here and further south along the coliseum. you started to see the fill in again, but there was about a five-minute break of traffic through the area. that might have been enough to give them enough time to clear th

ken feinberg, who handled the 9/11 claim, takes over b.p.'s oil spill compensation fund tomorrow.he final set of new rules to protect credit card users took effect today. they curb penalty fees and interest rates. and the "expendables" wins the weekend box office again. i'm russ mitchell, cbs news. get my hands dirty... and try new things. so i asked my doctor if spiriva could help me breathe better. spiriva is the only once-daily inhaled maintenance treatment for both forms of copd... which includes chronic bronchitis and emphysema. spiriva keeps my airways open... to help me breathe better for a full 24 hours. and it's not a steroid. spiriva does not replace fast acting inhalers for sudden symptoms. stop taking spiriva and call your doctor right away if your breathing suddenly worsens, your throat or tongue swells, you get hives, have vision changes or eye pain... or have problems passing urine. tell your doctor if you have glaucoma, problems passing urine or an enlarged prostate... as these may worsen with spiriva. also discuss the medicines you take... even eye drops. side eff

with ken feinberg taking over the distribution of the claims, you have confidence that the money will get to the people that need them? >> i have great confidence in ken feinberg, but i do think it is important to ensure that bp does stand for "bills paid." we do need to make sure that these fishermen are not left with their families holding the historical back. we have to make sure they are made whole. i told those fishermen today, as i told them and other members of congress told them, that we intend on ensuring that everyone who was harmed is paid. that $20 billion is something that i am sure bp would like to walk away from. by minimizing the actual accounting of any of these individual fishermen in a way that only gives them 20 cents or 50 cents on the dollar. >> thank you for being on the "newsmakers." >> we are with newsmakers after talking with ed markey. gentlemen, and a lot of your questions had to do with the energy legislation. >> to me, the question is, is anybody going to pay a political price for having stood in the way of the final legislation? moderate democrats are a

. >> with ken feinberg, you have someone whose analytical skills in a complicated issue. in the end, you will see a lot of people from the gulf coast polling for a particular kind -- a particular class of shares or that sort, but [unintelligible] time will also do that. >> thank you for your questions. we hope you will come back. >> thank you for having as. >> up next, a vice-president joe biden's remarks at the democratic national committee summer meeting. later, a discussion on a proposed whistleblower protection bill. >> one of the things that i regretted about political and rhetorical life in washington is that every major figure, from the president on down is merely reading what somebody else and some committee has produced. >> he wrote for president carter. tonight, he will share his insights on washington. >> the coast guard and bureau of abundant energy management will continue this week. we will show you live coverage with testimony from bp, halliburton, and trans ocean employees. hollenbeck >> joe biden will speak for 40 minutes. >> everyone, take your seats. we

ken feinberg will take over the claims process on monday and you will begin to see the direct effect of how long this really is. it lasted very long time. as i said in the speech, this is not the beginning of the end, the beginning of the beginning. >> when we connect the meeting with president obama and what issues will you raise regarding the drilling moratorium? >> now that the president has announced he is coming to new orleans, we are thrilled by that. as i said during the speech, president obama and his entire top levels that and the entire federal government has been fantastic. he and i have a difference about the moratorium. everybody in louisiana supports the concept that you should deal with that with a scalpel, not a hammer. we believe you can get back to drilling safely put it is critically important for the rest of the country to know they can be done safely and we believe that it >> i will continue to ask can to work with us. we will discuss the moratorium issue when he is there. >> this questionnaire takes note of the delicious gulf coast trip served at the national pr

ken feinberg will take over the claims process on monday.rect effect. it is going to last a very long time. as i said, this is not the beginning of the end, this is the beginning of the beginning. >> will you be meeting with president obama and what issues will you raise? >> the president has announced that he is coming to new orleans next sunday. we are thrilled by that. as i said during the speech, president obama and his top- level staff has been fantastic. he and i had a difference about the moratorium. everybody in louisiana supports the concept that we should deal with that with a scalpel, not a hammer. we believe we can get back to drilling safety. it is critically important for the rest of the country to know that it can be done safely. we have worked hard in the last couple of months. i will thank him. i will ask him to continue to work for us. we will politely discuss the moratorium issue while he is there. >> this questionnaire takes note of the "delicious gulf coast schramm -- shrimp." the question is, how safe is seafood from th

i met with ken feinberg before we came down here. that needs to be up and operating. one of my response abilities is interfacing with the bp claims process. someone needs to assume that responsibility. the report by the secretary mabus needs to be structured and identified in a leadership position, said they know who is going to be the new person talking to you here. and when all those conditions are met, we will be of point where i can have a transition plan available to provide to my superiors how we would transition to a regional command, very similar to what we stood up and robert, louisiana before i was national incident commander. we need to make sure that we have response capability, that we keep our commitment to the people of the gulf, and we keep our commitment to provide oversight to bp to make sure they carry out their responsibilities. to the extent that those conditions trickle-down, we will be looking at how long we have had oil on the beaches, if there is oil to be cleaned up, how we're negotiating with state and local governments on "how clean is clea

i met with ken feinberg before we came down here. that needs to be up and operating. one of my response abilities is interfacing with the bp claims process. someone needs to assume that responsibility. the report by the secretary mabus needs to be structured and identified in a leadership position, said they know who is going to be the new person talking to you here. and when all those conditions are met, we will be of point where i can have a transition plan available to provide to my superiors how we would transition to a regional command, very similar to what we stood up in robert, louisiana before i was national incident commander. we need to make sure that we have response capability, that we keep our commitment to the people of the gulf, and we keep our commitment to provide oversight to bp to make sure they carry out their responsibilities. to the extent that those conditions trickle-down, we will be looking at how long we have had oil on the beaches, if there is oil to be cleaned up, how we're negotiating with state and local governments on "how clean is clean

ken fine bird. >> if you have documented your claim you will be paid in 48 hours. >> feinberg will take over as administrator of bp's 20 billion-dollar claim fund. he is touring the region explaining the process, helping people fill out forms and promising quicker payments. he faces a daunting challenge in trying to assign a dollar value to damages that could continue for years to come. >> under the rules for emergency claims, people who work near or make their living on the water will qualify immediately. >> fishermen, shrimpers, crabbers, oyster people, you are all covered, you are all eligible. >> yet for businesses far from the beaches, but that still claim spill related losses it will be more difficult to get compensation, and many are crying foul. bp received claims from 48 states, 48 states. now, obviously we will not recognize claims from 48 states for harming this gulf shore. >> there are others that will not be reimbursed, including claims for loss of property value, mental health claims, and loss of jobs due to president obama's drilling moratorium. already protests are mounting. the word happy is