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POTUS Events: California Dreaming


President Obama with Angeles Mayor Antonio Villaraigosa at the League of United Latin American Citizens convention in Washington, D.C., July 2008. Obama and Villaraigosa are expected to meet this afternoon at a town hall meeting in California.(Getty Images)

By Sarah Lovenheim
On day of two of his California trip, President Obama starts his day in Los Angeles. He receives his routine presidential briefing at 12:00 p.m. ET and then heads to Edison Electric Vehicle Technical Center in Pomona, Calif., for a tour of the company's facilities. Obama's expected to deliver remarks about the experience at 1:45 p.m. ET.

Shortly after 4:00 p.m. ET, Obama holds a town hall meeting with local residents at Miguel Contreras Learning Center in Los Angeles. Governor Arnold Schwarzenegger, Los Angeles Mayor Antonio Villaraigosa, and Secretary of Labor Hilda Solis will be among those in attendance.

Around 7:30 p.m. ET, Obama tapes an interview with Jay Leno in Burbank, Calif., for this evening's "Tonight Show." By 9:00 p.m. ET, the president will be on his way back to D.C.

By Washington Post editors  |  March 19, 2009; 8:07 AM ET
Categories:  The Daybook  
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Next: AIG Bonuses Light a Fire Under Congress

Comments

(cont.) Senate Banking Committee Chairman Christopher Dodd said the Obama administration asked him to insert a provision in last month’s $787 billion economic- stimulus legislation that had the effect of authorizing American International Group Inc.’s bonuses.

Dodd, a Connecticut Democrat, said yesterday he agreed to modify restrictions on executive pay at companies receiving taxpayer assistance to exempt bonuses already agreed upon in contracts. He said he did so without realizing the change would benefit AIG, whose recent $165 million payment to employees has sparked a public furor.

Dodd said he had wanted to limit executive compensation at companies that got money from the government’s financial-rescue fund. AIG has received $173 billion in bailout money. His provision was changed as the stimulus legislation was negotiated between the House and Senate.

“I did not want to make any changes to my original Senate- passed amendment” to the stimulus bill, “but I did so at the request of administration officials, who gave us no indication that this was in any way related to AIG,” Dodd said in a statement released last night. “Let me be clear -- I was completely unaware of these AIG bonuses until I learned of them last week.” He didn’t name the administration officials who made the request.

WHAT DID OBAMA KNOW AND WHEN DID HE KNOW IT?

Posted by: JakeD | March 19, 2009 11:34 AM | Report abuse

Who in the White House knew about Sen. Dodd writing legislation to permit AIG bonuses?

Posted by: JakeD | March 19, 2009 10:14 AM | Report abuse

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