Sunday, December 20, 2009

Reports detail Obama's new book deal - The Oval: Tracking the Obama presidency

Reports detail Obama's new book deal - The Oval: Tracking the Obama presidency: "We reported a little while ago that the White House has posted the personal financial disclosure reports for President Obama and Vice President Biden.

Some interesting tidbits:

Obama's report shows evidence that he and the first lady trust the government with their money. The couple has somewhere between $1 million and $5 million invested in Treasury bills.

In the category of It's Never Too Early to Seek New Supporters, the forms show that Obama in January struck a $500,000 advance deal with Crown Publishing Group for an abridged version of his best seller, Dreams From My Father, aimed at 'middle grade or young adult readers.' When the book comes out, Obama will rack up more in royalties: 15% of the hardcover sales price and 10% of the paperback price."

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