On Capitol Hill, the House Oversight Committee continued hearings into the financial crisis with testimony from executives of the trouble mortgage giant AIG. Investigators revealed AIG executives held a week-long retreat at a luxury resort just days after receiving an $85 billion taxpayer bailout last month. The $440,000 vacation included $200,000 for rooms, $150,000 for meals and $23,000 in spa charges. Democratic Congress member Elijah Cummings of Maryland took issue with the timing of the retreat.

Rep. Elijah Cummings: “We contacted the resort where AIG held this week-long event, and we requested copies of AIG’s bills. We learned that AIG spent nearly half-a-million dollars in a single week at the — at this hotel. Now, this was right after the bailout.”

AIG has already used up $61 billion of its $85 billion government loan.