White House To Block AIG Bonuses

This is an update on the AIG Shocking News I posted yesterday. Now this is what the White House plans to help the small business. President Obama planned to block the AIG bonuses. Check the excerpt of the news below.

President Obama this hour met with a group of business owners, community leaders and lawmakers to discuss his plan to make, as the Associated Press writes, billions in federal loans available to the nation's struggling small businesses.

Among those there, according to the White House: senators Mary Landrieu, D-La., and Olympia Snowe, R-Maine; Cam Fine, president and CEO of the Independent Community Bankers of America; Giovanni Coratolo, executive director, small and mid-market business councils at the U.S. Chamber of Commerce; and Roger Campos, president and CEO of the Minority Business Roundtable.

At noon ET, the president and Treasury Secretary Timothy Geithner are scheduled to step before cameras in the East Room of the White House to discuss some of the details of the plan. USATODAY.com has a video feed of that event here, and we'll be updating this post with news as it happens. Check back as the time draws near, and be sure to hit your refresh button to be sure you're seeing our latest updates.