POLITICS
09/16/2008 05:12 am ET | Updated May 25, 2011

Obama Campaign Solicits 'Soft Money' For Convention Due To Budget Shortfall

Facing a large deficit in the Democratic National Convention budget, officials from Barack Obama's campaign have begun personally soliciting labor unions and others for contributions of up to $1 million. In exchange, donors could get stadium skyboxes for Obama's acceptance speech and other perks.

Obama has regularly criticized politicians seeking large donations outside the framework of campaign finance regulations -- so-called soft money -- while touting the virtues of relying on small donations.

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