AP:
WASHINGTON -- The Democratic National Committee plans to pay for its 2012 convention nominating President Barack Obama without donations from political action committees or corporations, a change from past gatherings.
The DNC said Friday that the convention would be the first financed by grass-roots activists and rank-and-file party members. DNC spokesman Brad Woodhouse says the funding for the Charlotte, N.C., event would underscore the theme of the "People's Convention."
This will be the first convention of either party in the modern era to ban corporate contributions. Unless they break from past practice, Republicans will fund their 2012 convention through contributions from corporations and PACs.