The money is intended to help farmers, farm workers and rural communities.
Mr. Obama held a roundtable in Firebaugh, about 45 minutes west of Fresno. Valley Public Radio's Rebecca Plevin spoke with a fourth-generation farmer there today and says money isn't enough.
"They don’t need financial aid right now; what they need is water. And he says that in the short term, they need to start pumping water from the Delta; and in the long term, they really need more water storage," reports Plevin.
The President is also visiting a farm in Los Banos this afternoon.
Joining him on the trip are California Governor Jerry Brown, U.S. Senators Dianne Feinstein and Barbara Boxer and Congressman Jim Costa.
CapRadio's Drought Coverage
The weather forecast through the weekend includes thunderstorms and lightning for parts of northern California, which could spark new wildfires.
Data released Thursday by the State Water Resources Control Board shows 265 out of 411 local agencies hit or nearly reached savings targets.
Triple digit heat has many people staying cool inside. But outdoor workers don't have that option.
The above-average rains of the past week did not ease drought conditions or improve reservoir storage in California. The drought expanded in other parts of the western U.S.
(AP) -- Democratic Sen. Dianne Feinstein of California has come out with a new drought relief bill that emphasizes long-term investments in desalination, recycling and new or expanded reservoirs.