Inaugural Fundraisers Race to Meet $50 Million Goal
The elections may be over, but in Washington, D.C. the fundraising never stops. With President Obama's inauguration just a few days away, the Presidential Inaugural Committee (PIC) is still scrambling to raise the $50 million in funds for the weekends' events.
The Los Angeles Times reports that the committee was short $8 million as of last week.
"On Friday, the committee added nearly 600 new donors to its public list of “benefactors” for the event, bringing the total number of contributors to 993. That includes just eight corporations that have pledged money to help put on the official parade and balls, despite Obama’s decision to reverse the ban on corporate contributions he put in place for his 2009 inauguration."
The PIC will look to add to that number in the coming days to raise the necessary money to pay off all of the planned fesitivities.