November 26th, 2008
12:24 AM ET
9 years ago

Inaugural committee announces fundraising limits

(CNN) - Barack Obama’s transition team is sending out fundraising e-mails pegged to the president-elect’s economic policy proposals.

"Today and yesterday, President-elect Barack Obama announced key members of an economic team tasked with creating jobs, stabilizing the economy, and getting our country back on track," Obama’s campaign manager David Plouffe said in a message to supporters this week. "Barack is bringing together some of the best minds in the country to make swift progress on the economic challenges we face."

“…Barack's economic team has already begun work on a recovery plan, and he'll provide progress updates in the coming weeks. He'll also provide their initial recommendations to the incoming Congress,” wrote Plouffe, telling supporters on the campaign’s massive e-mail list that their efforts would "be instrumental in generating support to pass legislation that puts America on the road to recovery."

The e-mail includes a link to Obama’s Monday announcement of his administration’s economic team and a donation button that takes supporters to the Obama-Biden Transition Project Web site, where they can contribute to the 501(c) 4 that is providing part of the funding for the transition.

The rest will come from the federal government. Obama is not accepting donations to the transition effort from political action committees or lobbyists.

On Tuesday, the newly-named co-chairs of Obama’s inaugural committee: former Commerce Secretary William Daley, Obama campaign finance chair Penny Pritzker, national finance director Julianna Smoot, businessman John W. Rogers, and Republican Patrick Ryan released a statement that it would not accept donations higher than $50,000.

The co-chairs also said the inaugural committee would not take contributions from “corporations, political action committees, lobbyists who are currently registered with the federal government, people who are not citizens of the United States or from registered foreign agents.”

Filed under: Inauguration
soundoff (2 Responses)
  1. joan souels

    That will keep them honest.

    November 27, 2008 09:02 am at 9:02 am |
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    December 15, 2010 05:29 am at 5:29 am |