12/26/2008 05:12 am ET | Updated May 25, 2011

Obama Inauguration Details: No Corporate, Lobbyist Money

Barack Obama's newly formed inaugural committee promised today it will not raise money from corporations, political action committees or currently registered lobbyists for the historic celebrations on Jan. 20 that will mark the dawning of the Obama administration.

The Presidential Inaugural Committee is boasting a bipartisan roster of co-chairs with deep Chicago roots. In addition to Democrats William Daley, Penny Pritzker, John Rogers and Julianna Smoot, the committee also will be led by Patrick Ryan, a Republican who owns the Chicago Bears Football Club and is leading Chicago's bid for the 2016 Olympics.

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