The Donald Trump Vance Inaugural Committee reported raising nearly $240 million for the president’s swearing-in ceremony, surpassing previous records. Major contributors included corporations like Meta and Amazon, each donating $1 million, alongside wealthy individuals such as Warren Stephens and Jared Isaacman. Over 60% of the funds came from large donations exceeding $1 million, reflecting the significant influence of corporate and wealthy donors. While inaugural committees are not subject to donation limits, watchdog groups have called for greater transparency in spending and stricter regulations to prevent favoritism. Excess funds are expected to support Trump’s presidential library.
— new from CNN