The administrator will now press on with the plan to repay creditors at least 20p in the pound over five years.

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Once the administrator is appointed they will have 150 days to come up with proposals for the future of the trust.

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Today, Secretary of Homeland Security Napolitano will travel to Staten Island with FEMA Deputy Administrator Richard Serino, to meet with residents and local authorities to determine what more the federal government can do to aid the response.

WHITEHOUSE: The White House

An independent administrator will take over the running of the trust before coming up with proposals for the long-term.

BBC: Mid Staffordshire NHS Foundation Trust board members quit

The President will convene the meeting via video teleconference with Homeland Security Secretary Napolitano, FEMA Administrator Fugate, Transportation Secretary LaHood, Energy Secretary Chu, and National Hurricane Center Director Richard Knabb.

WHITEHOUSE: The White House

As was mentioned, as well as part of our oversight of the response, I will be going to the Gulf Coast tomorrow along with Secretary Salazar and EPA Administrator Jackson to inspect ongoing operations.

WHITEHOUSE: Press Briefing on Oil Spill in Gulf of Mexico

The Scottish Football League will meet to discuss sanctions against Livingston once it has discussed the situation with the administrator.

BBC: Livi to go into administration

Administrator Mills will join Governor Malloy and other state and local officials in Norwalk and Bridgeport, Connecticut, to meet with small business owners and other residents affected by the storm.

WHITEHOUSE: The White House

Later in the day, the Administrator will visit the communities of Rockaway, Broad Channel and Breezy Point in Queens, NY, to meet with FEMA staff working on-the-ground to register disaster survivors for financial assistance.

WHITEHOUSE: The White House