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Gulf Oil Spill: Federal Costs At $87M So Far, Third-Most Costly Cleanup In U.S. History

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Federal officials say cleaning up the massive oil spill in the Gulf of Mexico has already cost the government $87 million, making it the third-most expensive cleanup effort in the nation's history.

Coast Guard Rear Adm. Mary Landry has distributed that money to state and federal agencies directly involved in the cleanup. Those include the National Oceanic and Atmospheric Administration, which projects the oil slick's trajectory, and the U.S. Fish and Wildlife Service, which rescues oil-soaked birds.

A senior financial analyst at the National Pollution Funds Center says an additional $38 million in emergency money has been assigned to the Deepwater Horizon spill, but it has yet to be spent.

The most expensive cleanup was the Exxon Valdez spill, which cost $121 million. The second was $89 million for cleaning up a 1994 oil spill off the coast of San Juan, Puerto Rico.

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