facebook
twitter
rss
account
search
search
 

ABC, other companies spring for inaugural

Jan. 20, 2005 at 9:16 AM   |   Comments

WASHINGTON, Jan. 20 (UPI) -- President Bush's second inauguration comes with an estimated $40 million price tag, picked up by big U.S. corporate donors.

The privately funded festivities Thursday include a huge fireworks display over the city plus lavish balls and star-studded concerts, ABC News reported.

Along with General Motors, Wal-Mart and Tyson Foods, ABC News itself also will host an inaugural brunch reception Friday, the network disclosed.

Ethics laws typically prohibit such corporate wining, dining and donating, but the inauguration carries the same exception to the rules as the Democratic and Republican conventions.

"This is one of the last places where you can put up a huge contribution to directly benefit the interests of the president of the United States," said Fred Wertheimer, president of Democracy 21, a government watchdog group.

© 2005 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
2
Peshmerga forces kill senior Islamic State commander Peshmerga forces kill senior Islamic State commander
3
Polls open in Scotland: How we got here and why Polls open in Scotland: How we got here and why
4
Ship anchored near New Orleans sparks Ebola fears Ship anchored near New Orleans sparks Ebola fears
5
New video shows missing UVA student the morning she disappeared New video shows missing UVA student the morning she disappeared
Trending News
Video
x
Feedback