Obama Campaign to Start Taking Donations Through Texting

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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.