The transition’s “cash quandary” is the topic of this WSJ report.
One challenge is figuring out how to raise the millions of dollars needed without violating Mr. Obama’s campaign rhetoric against lobbyists and special interests.
Federal rules allow Mr. Obama to use $9.74 million in taxpayer money to pay for the costs of operating a transition team and subsequent inaugural celebration. Recent presidents have spent much more, and raised private funds in large chunks from U.S. corporations to supplement the government budget. President George W. Bush raised $42.8 million mostly from companies and executives to pay for his second inauguration.