Obama's inauguration set to be the most expensive in US history.The $150m (£102m) cost of the celebration will dwarf the amount spent on George Bush's

By Ewen MacAskill in Washington - guardian.co.uk

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.
A White House statement said that President Bush "declared an emergency exists in the District of Columbia".
If there is snow, the costs will grow higher. The long-term forecast suggests there is a chance of snow on Sunday and again on the day of inauguration, on Tuesday. Read the rest here...

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Obama hosting pricey party in a dicey economy

By Matt Apuzzo, Associated Press Writer - Sat Jan 17

WASHINGTON – Unemployment is up. The stock market is down. Let's party.
The price tag for President-elect Barack Obama's inauguration gala is expected to break records, with some estimates reaching as high as $150 million. Despite the bleak economy, however, Democrats who called on President George W. Bush to be frugal four years ago are issuing no such demands now that an inaugural weekend of rock concerts and star-studded parties has begun. Continues here...