Obama full of jabs at reporters' annual dinner

It was a family affair for Kyra Sedgwick, who came with husband Kevin Bacon and daughter Sosie. "It's kind of a mob scene but I'm really enjoying my table. Unfortunately my husband is at the People magazine table but not unfortunately because he says he gets the award for the strangest name table: Ludacris, Sting, (Jon) Hamm and Bacon," said Sedgwick. "But I have a nice table. I'm enjoying talking to everybody. I'm thrilled to be here. It's a lot of fun."

For James Franco, who hasn't been to "D.C. for years," a pre-dinner cocktail party provided him with an opportunity to meet the President — and a chance to pick up a few pointers. "I guess he's supposed to give the commencement speech at Notre Dame and there's been some protests, and I'm supposed to give the commencement speech at UCLA, my alma mater. There's been some protests from my former fellow students, so he gave me some advice about the speech." As for the presidential tips, Franco isn't sharing. "I'm saving it for my speech!"

"The craziness is positive," said Tyra Banks amidst the throngs of people. Banks spoke highly of the first lady: "She's my new role model."

After the dinner ended, the partying continued. Christian Slater, Eva Longoria Parker, Owen Wilson, Matthew Settle, Forest Whitaker and Ludacris stopped by the Capitol File after party at the Corcoran Gallery of Art. Bloomberg and Vanity Fair, who typically hold seperate fetes, combined forces this year and held a reception at the home of French Ambassador Pierre Vimont. The smaller, intimate affair drew A-listers including Bon Jovi, Kate Walsh, Jason Wu, Amy Poehler, Hamm and Rashida Jones.

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