Obama Turns to Corporations to Help Pay for Expensive Inauguration

Friday, 07 Dec 2012 02:03 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

In a reversal from four years ago, President Barack Obama will accept unlimited sums of corporate money to pay for his inauguration.

A spokeswoman for the Presidential Inaugural Committee said Friday that it will accept cash from companies and individuals to underwrite the costs of a weekend of festivities surrounding his second inauguration next month.

Money from lobbyists, political action committees or foreign donors will not be accepted.

Obama had banned corporate donors for his 2009 inauguration and for the 2012 Democratic National Convention in Charlotte, N.C., last September. The move was designed to give the president's supporters ownership of the events.

The shift comes after the most expensive presidential campaign in history.

The inaugural committee says it will release the names of all donors.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Maddow Calls Out 'Democratic Wuss-itude' on ISIS airstrikes

Wednesday, 27 Aug 2014 21:30 PM

MSNBC host Rachel Maddow called out Democrats in Congress who are unhappy with their colleague Sen. Tim Kaine for urging . . .

Lindsey Graham: Stop ISIS or Watch More Americans Join Group

Wednesday, 27 Aug 2014 20:16 PM

Reports that 140 Americans are currently fighting for ISIS in Syria and Iraq are nothing compared to the number that wil . . .

Lawrence Kudlow: Burger King Move Puts Obama in a Fix

Wednesday, 27 Aug 2014 18:36 PM

Burger King's flight to Canada to beat huge U.S. corporate taxes raises a thorny predicament fort President Barack Obama . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved