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Obama to accept corporate funds for inauguration
President Obama may soon have some increasingly vocal critics to his left...
President Obama may soon have some increasingly vocal critics to his left...
Jessica Kourkounis/Getty Images
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resident Obama's inaugural committee has decided to accept unlimited corporate donations to help fund Obama's second inauguration, reversing a decision from four years ago. The move drew criticism for a president who has vowed to limit the influence of outside money on Washington. The committee is still barring lobbyists and political action committees from donating. They are also establishing a system for vetting the corporate donations, and won't accept money from corporations that accepted stimulus funding and haven't paid the money back, for example. Since Jan. 20 – the day the 20th amendment of the Constitution says a president's term begins – is a Sunday, Obama will be sworn in during a small private service. The next day there will be a public swearing in, the inaugural address, a parade, and a series of official Inaugural balls.

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