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Obama campaign to start accepting text message donations

US President Barack Obama [Photo: BBC]

In a U.S. election dominated by multimillion-dollar donations, Democratic President Barack Obama's campaign is about to give small donors a new weapon by starting to accept text message donations for the first time in history.

Marking the beginning of what could be a revolution in U.S. campaign finance, the Obama campaign said on Thursday it is wrapping up agreements with Verizon Wireless, Sprint Nextel Corp, U.S. Cellular and T-Mobile USA -- a unit of Deutsche Telekom AG -- to open the floodgate for donations by text this week.

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