Obama for a Grand

An update on President Obama's visit to L.A. on Wednesday: Tickets to a general reception are now $1,000, with VIP seating priced at $2,500.

Original invites to the event went out earlier this month with tickets priced only at $2,500.

The Beverly Hilton event also will feature two entertainment acts: Jennifer Hudson and Earth, Wind and Fire.

Organizers anticipate they will meet their goal for the event, and a separate $30,400-per-couple dinner late Wednesday afternoon is expected to bring in a couple hundred donors. But I can't help but think the lower price point reflects donor fatigue and the reality of the economy, even in the well-heeled parts of Los Angeles.

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