- The Washington Times - Tuesday, March 17, 2009

WASHINGTON (AP) - Senate Democratic Leader Harry Reid says Congress aims to force AIG executives with millions in bonuses to give some of the money back to the Treasury.

Reid said Tuesday that the chairman of the tax-writing Senate Finance Committee will issue a proposal in the next day or so that would require American International Group Inc. to return to government at least a portion of the $165 million in bonuses that the insurance giant paid out to executives last week.

AID has received some $170 billion in federal bailout money over the last year, prompting outrage from President Barack Obama and members of Congress in both parties. Edward Libby, AIG’s chief executive officer, is scheduled to appear later this week before a House subcommittee.



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