Inaugural Fundraising Lags

President Obama’s inaugural committee “is at least $10 million short of its $50 million fund-raising goal, officials have told top donors, with just over a week before Mr. Obama is sworn in for his second term,” the New York Times reports.

“The committee is particularly struggling to bring in corporate money after Mr. Obama’s announcement last month that he would accept contributions from businesses, a change from his position in 2009… Even more striking, those involved in the planning said, was the absence of the vast majority of top fund-raisers for Mr. Obama’s campaign, which raised over a billion dollars.”