Saturday, December 8, 2012

Corporate money to help pay for Obama inauguration

In a reversal from four years ago, President Barack Obama will accept unlimited sums of money from corporations and individuals to pay for events surrounding his inauguration, a spokeswoman said Friday.
Lobbyists, political action committees and foreign entities, however, will still be banned from underwriting the costs of the gala events, spokeswoman Addie Whisenant said. The committee also will reject donations from companies that haven't paid back loans from the 2008 federal bailout of Wall Street, as well as corporate sponsorship deals.

Read more: http://bigstory.ap.org/article/corporate-money-help-pay-obama-inauguration

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