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BP Meets U.S. Deadline for Oil Spill Payments

BP has met its July 1 deadline to pay the U.S. government for the initial costs of responding to the Gulf oil spill.

The Obama administration said BP paid two bills totaling about $71 million earlier this month.

The government had set a Thursday deadline for the largest of the two bills, which charged the company $69 million.

Special Section: Disaster in the Gulf

The administration said the oil company is still reviewing and processing a third bill for $51.4 million.

The White House has long said that as the responsible party, BP must pay all costs associated with the response to the spill.

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