Billionaires, companies power Trump's record inaugural haul

Rob Carr  Getty Images

Rob Carr Getty Images

President Trump, who has moved quickly to sweep aside environmental regulations he says curtail US energy production, took in more than $8 million from energy interests to help underwrite his January 20 inauguration, according to a USA TODAY analysis of a newly filed inaugural report. The amount about doubled the record set by President Barack Obama eight years ago.

AT&T was among the largest contributors to President Trump's inaugural committee, accounting for more than $2 million of the record-breaking $106.7 million haul.

The largest donor was GOP mega donor and casino magnate Sheldon Adelson, who gave $5 million.

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.

Other $1 million donors to the former owner of the New Jersey Generals of the defunct United States Football League included: Washington Redskins owner Daniel Snyder, Texas owner Robert McNair, Madison Square Garden, owner of the New York Knicks, Rangers and Liberty, also contributed $1 million.

North Korean mock-up birthday video shows missiles blowing up US
Pyongyang said it may test missiles on a weekly basis, and warned of "all-out war" if the USA takes military action. The launches are consistent with North Korea's long history of provocative behavior.

Trump's committee has said that any leftover money from this year's inauguration will be given to charity, the New York Times reported on Wednesday.

"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. Other seven-digit donors included the owners of four National Football League teams: Bob McNair of the Houston Texans, Shahid Khan of the Jacksonville Jaguars, Dan Snyder of the Washington Redskins and Robert Kraft of the New England Patriots, who visit the White House on Wednesday to recognize their Super Bowl victory this year. Much of that money was distributed in May 2016, after The Washington Post pressed him about whether he had followed through on his promise.

The inauguration offered donors who had held back during the presidential campaign a chance to show belated support for the incoming president.

Billionaire investor Paul Singer, for example, gave $1 million after long expressing skepticism about Trump.

The report is likely to only intensify questions about Trump's commitment to the populist ideas raised in recent weeks by several policy shifts and realignments among White House staff.

Textron Inc. (NYSE:TXT), BlackRock, Inc. (NYSE:BLK), Lithia Motors Inc…
The current share price indicates that stock is -75.88% away from its one year high and is moving 98.52% ahead of its 52-week low. Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company.

Trump placed no restrictions on the amount of money donors could give.

Obama accepted gifts only up to US$50,000 in 2009, while banning gifts from lobbyists and corporations altogether. Their release promised more details about charitable giving at a later date, "when the organization's books are fully closed".

After raising about US$55 million in 2009, Obama used excess funds to help pay for the White House Easter egg roll and other events. He lifted those caps in 2013, when he raised about $43 million for a lower-key event.

The Las Vegas Review-Journal, owned by Adelson, became the first major newspaper to endorse Trump for president in 2016.

UnitedHealth 1Q profit soars as ACA business shrinks
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . UnitedHealth Group accounts for 1.4% of Lau Associates LLC's investment portfolio, making the stock its 19th largest position.

Recommended News

  • British parliament backs May's plan for June 8 snap election

    British parliament backs May's plan for June 8 snap election

    Despite Corbyn's bravado, his party is demoralized and divided under his left-wing leadership and is expected to fare badly. May dismissed criticism of her decision to call voters back to polling booths for the third time in just over 24 months.
    Pilot charged after loaded gun found by baggage screeners

    Pilot charged after loaded gun found by baggage screeners

    The Albany County Sheriff's Deputy assigned to the checkpoint was contacted, and the co-pilot was arrested on a weapons charge. A pilot has been arrested in Albany, New York after TSA officers discovered a loaded weapon in his carry-on bags.

    Richard Simmons hospitalized in California

    Simmons had reportedly been battling discomfort while eating for a few days and chose to go to the hospital on Monday. Fitness guru Richard Simmons is reportedly doing well after being hospitalized Monday for "severe indigestion".
  • Malaysia Airlines Signs Up For Minute-By-Minute Plane Tracking

    Malaysia Airlines Signs Up For Minute-By-Minute Plane Tracking

    MH370 vanished from radar during a flight from Kuala Lumpur to Beijing and is believed to have crashed in the Indian Ocean. Malaysia Airlines is the first Sitaonair customer to sign up to the scheme.
    Arvinder Singh Lovely joining BJP is 'betrayal' of Congress, says Sheila Dikshit

    Arvinder Singh Lovely joining BJP is 'betrayal' of Congress, says Sheila Dikshit

    Asked if Lovely joining BJP was a big setback for him, tears welled up in Maken's eyes and he could not speak for some time. Now he's chosen to compromise with his ideology.
    Dylan Hartley set to captain England in Argentina after Lions squad omission

    Dylan Hartley set to captain England in Argentina after Lions squad omission

    Obviously it's a shock to me, I only found out an hour ago, but I'm truly over the moon. And we are playing the best team, back-to-back world champions in their own backyard.
  • Stockholm Truck Attack Suspect Was a 'Rejected Asylum Seeker'

    Stockholm Truck Attack Suspect Was a 'Rejected Asylum Seeker'

    According to the spokesperson, no information on any Vietnamese victims in the attack has been reported so far, she noted.
    Trump signs order on high-skilled worker visas

    Trump signs order on high-skilled worker visas

    At one debate, he called for fully ending the programme, saying: "It's very bad for our workers and it's unfair for our workers". Trump is to sign the order when he visits the world headquarters of Snap-On Inc, a tool manufacturer in Kenosha , Wisconsin.
    Donald Trump signs executive order targeting H-1B visa programme

    Donald Trump signs executive order targeting H-1B visa programme

    White House spokesman Sean Spicer said Trump wanted to visit "a company that builds American-made tools with American workers". Adding to the indignity: The U.S. workers are sometimes asked to train their replacements to qualify for severance packages.
  • United Nations  court rejects Ukraine request to block rebel funding

    United Nations court rejects Ukraine request to block rebel funding

    A separatist insurgency erupted in eastern Ukraine the following month, backed by Russian Federation . Russia's ICJ delegation did not comment on Wednesday's ruling.
    Kendall Jenner's tone-deaf soda ad actually made people like Pepsi more

    Kendall Jenner's tone-deaf soda ad actually made people like Pepsi more

    The ad was misguided, but not mean-spirited, and both Pepsi and Kendall seem duly chastised for their ignorance. In its apology , Pepsi also admitted that they missed the mark on this commercial.

    Sunderland have not been united, says Fabio Borini

    The ball took a touch before grasping his fifth goal of the football season right into the bottom corner from close range. The Tunisia global found the bottom corner of Darren Randolph's goal directly with a corner to draw his side level.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.