On the Money Trail: Lobbyists Are People Too, Reid Says

In his historic speech Tuesday morning, President Barack Obama said the era of "protecting narrow interests" is over - an echo of his campaign promise that lobbyists and special interests would lose their clout in his White House. But lobbyists still have defenders in Washington D.C., including one of Obama's most powerful allies, Senate Majority Leader Harry Reid (D-Nevada).

Reid invited top lobbyists to join him and his supporters for an inaugural brunch Monday where he told ABC News that he will still do plenty of business with them.

"And there's nothing wrong with that," said Reid. "And Obama will be meeting with them too." When asked to clarify his remarks, given Obama's promises to change that part of Capitol culture, Reid responded that lobbyists are part and parcel of the job.

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