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President Barack Obama will swing through donor-rich California this week, raising money for his re-election bid and hosting a town hall-style event at Facebook's headquarters in Palo Alto.

The White House said Obama will "discuss his vision for bringing down our deficit" at Facebook on Wednesday. The event will be streamed live online starting at 1:45 p.m. Pacific Time, and Obama is promoting it in a YouTube message.

"I hope you'll take a break from either friending or de-friending each other to RSVP at," the president said.

Obama is on the road touting his deficit-reduction plan, which would reduce spending and end certain tax breaks for wealthy people. He is hosting similar, town hall-style events in Virginia on Tuesday and in Reno on Thursday.


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