Man of the People's Inauguration Costing a Royal Fortune

Barack Obama's inauguration is set to cost more than £100m making it the most expensive swearing-in ceremony in US history. The President-elect will take less than a minute to recite the oath of office in front of an estimated two million people in the US capital next week. But by the time the final dance has been held at one of the many inaugural balls the costs for the day will be a staggering £110m.

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