- 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.

Copyright © 2018 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide