12/22/2008 05:12 am ET Updated May 25, 2011

Obama Inauguration: Bill Daley Likely Committee Chair

Former Commerce Secretary Bill Daley is "likely" to be one of the co-chairs of the Obama inauguration committee, Lynn Sweet reports in the Chicago Sun-Times. Daley was an advisor to Obama throughout the campaign and is a member of his transition team.

Few plans for the January 20th, event have been disclosed, but Sweet expects details to emerge over the next few days:

The Obama crew will need to raise millions of dollars to bankroll the festivities. I hear the goal is to strike a balance in the celebration--not over the top opulent because of the horrible economy--but some decent parties to show the world the U.S. is not in a depression. Watch for major Obama presidential campaign bundlers to swing into action to raise inauguration cash.