Unlimited Corporate Cash Accepted for Obama Inauguration
Corporations have the green light to donate unlimited money to help fund President Obama's second inaugural festivities this January. This is a break from the Obama team's decision four years ago to cap donations at $50,000 from individuals and shun corporate cash entirely. Politico's sources say Obama will reject donations from lobbyists and political action committees, as he did for his first inauguration and team Obama also reportedly plans to screen all corporate donations to eliminate any conflicts of interest. But the sources say the new decision is driven by pragmatism: The president and his team just wrapped up the most expensive campaign in history.