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Inauguration to get corporate funding

Published: December 08. 2012 4:00AM PST

WASHINGTON — President Barack Obama will accept unlimited donations from corporations — but no money from lobbyists or political action committees — to finance his 2013 inaugural festivities, a spokeswoman for his inaugural committee said Friday.

The committee also said the events surrounding Obama’s inauguration will be smaller in scope than those four years ago; the White House is mindful of the fragile state of the economy and does not want a show of opulence.

The panel did not release a schedule. But officials told donors during a conference call Friday afternoon that there would be just three official inaugural balls — a candlelight ball for members of Obama’s national finance committee, a military ball and a large presidential ball — down from 10 official balls in 2009, according to one person who listened to the call.

— From wire reports

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