First Take: Schwarzenegger’s open house. Loretta Sanchez cancels graduation speech. Steve Poizner and Meg Whitman on the trail

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Shane Goldmacher reports that Gov. Arnold Schwarzenegger is opening up his home to big donors, just in time for budget season.

The pension reform debate was front and center Monday during a state Senate committee hearing.

The three major Republican candidates for U.S. Senate all cited concerns with President Obama’s selection of Elena Kagen to serve on the Supreme Court.

Rep. Loretta Sanchez has canceled her scheduled commencement address at UC Riverside to avoid crossing a picket line.

At the Capitol, Speaker John Perez (D-Los Angeles) is scheduled to a news conference Tuesday morning to set some parameters for the upcoming budget negotiations.

On the campaign trail Tuesday, Meg Whitman will be in Ontario, while Steve Poizner addresses a ‘tea party’ gathering in Shingle Springs.

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-- Anthony York in Sacramento