Episode 5: ‘Inauguration, Inc.’

Donald Trump’s presidential inauguration was the most expensive in the country’s history, with $107 million raised for black-tie parties and bespoke gifts. That’s more than double the previous record set by Barack Obama. Where did the money come from? Where did it all go? And why should we care now?

Some of the biggest controversies dogging the Trump administration — foreign influence, money, conflicts of interest — have their origins in inauguration weekend. As federal investigators look into the inaugural committee’s fund-raising, our reporters comb through the guest lists and add up the receipts.

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