POLITICS
02/14/2009 05:12 am ET Updated May 25, 2011

Obama's Inauguration Set To Be Most Expensive In History

President Barack Obama's inauguration next week is set to be the most expensive ever, predicted to reach over $150m (£102m). This dwarfs the $42.3m spent on George Bush's inauguration in 2005 and the $33m spent on Bill Clinton's in 1993.

Part of the spending includes emergency funding announced by the White House on Tuesday to help with the soaring costs. Most of this new federal funding will be to deal with the huge influx of people, estimated 1.5 million to 2 million.

Read more on The Guardian