Trump inaugural committee announces record-breaking fundraising haul

Trump inaugural committee announces record-breaking fundraising haul

Trump inaugural committee announces record-breaking fundraising haul

Trump's inaugural committee hand-delivered a paper version of its report Tuesday to the Federal Election Commission, and it was not available for public review until Wednesday.

President Donald Trump delivers his inaugural address after being sworn in as the 45th president of the United States during the 58th Presidential Inauguration at the U.S. Capitol in Washington on January 20, 2017.

Two Hartford-based insurers were among the corporations that contributed to President Donald Trump's record $107 million inaugural fundraising haul. By contrast, only $53 million was raised for the 2009 inauguration of President Obama. Phil Ruffin, another Las Vegas casino owner and close friend of Trump, gave $1 million.

At least eight National Football League team owners kicked in big money for the inauguration.

An inauguration is an expensive party to throw, and President Trump got plenty of help putting his on.

"Really, there's very limited rules on how an inaugural committee has to spend the money, much less report how they spend the money", said Brendan Fischer, director of the federal and FEC legal program at the Campaign Legal Center. Corporations, barred by federal law from donating to campaigns, can underwrite the costs of inaugural festivities.

Perhaps most notably, the billionaire behind the Dakota Access Pipeline - Kelcy Warren - gave $250,000 to Trump's inauguration committee in December. Trump has vowed to bring back coal jobs, and his administration quickly approved the Dakota pipeline.

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Companies also gave huge in-kind contributions of goods and services, including $2.1 million from AT&T for mobile equipment and software, almost $500,000 in "vehicle expenses" from General Motors, $500,000 in equipment from Microsoft, $300,000 in food and beverages from Coca Cola, $257,000 from Pepsi and more than $500,000 in delivery services from FedEx.

AT&T gave almost $2.1 million in cash and services.

Casino mogul Steve Wynn donated entertainers and production work valued at $729,000 for the Chairman's Ball, where the band Alabama and Wynn's ShowStoppers performed, according to Wynn spokesman Michael Weaver.

On Wednesday, The Wall Street Journal, citing unnamed sources, reported that Exxon has asked the U.S. Treasury Department to give the company a waiver from U.S. sanctions against Russia to allow the company to resume drilling operations with the Russian-owned oil company, Rosneft.

The top headlines from JournalStar.com. Like Singer, Chicago hedge fund manager Ken Griffin, conspicuously avoided giving money to Trump's campaign during the general election.

Trump publicly criticized both Boeing and Lockheed Martin before his inauguration. Obama took corporate donations in 2013 for his second inaugural.

There are also few restrictions on where any leftover money might go after an inauguration, Fischer said.

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