THE TELEGRAPH: President Barack Obama signed a $500,000 (£343,000) book deal five days before he entered the White House, his Senate financial disclosure report has revealed.
The deal was part of an arrangement negotiated by the lawyer Robert Barnett with Crown Publishing, a division of Random House, involving an abridged version of his book "Dreams From My Father" for children.
According to the Washington Times, half will go to Mr Obama and half to the publisher, who will carry out the abridging for the president's approval.
The deal is on top of nearly $2.5 million in book royalties paid to Mr Obama last year for "Dreams From My Father" and "The Audacity of Hope" memoirs. >>> By Toby Harnden in Washington | Thursday, March 19, 2009
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