Liberal billionaire hedge-fund founder George Soros pledged Tuesday to spend up to $500 million on President Obama’s campaign to benefit refugees resettling.
The White House announced the commitment from Soros Fund Management and 50 other companies ahead of Mr. Obama convening a refugee summit Tuesday afternoon at the United Nations in New York City.
Other firms joining the initiative include Uber, Twitter, Goldman Sachs, IBM, Johnson & Johnson and Citigroup.
Combined, the firms are pledging to donate or raise more than $650 million to support more than 6.3 million refugees in more than 20 countries, the White House said.
Mr. Obama has committed to increasing the U.S. limit on refugees from 85,000 to 110,000 next year. The administration exceeded its goal this month of accepting 10,000 refugees from Syria in the past year, over the objections of many lawmakers in Congress and concerns raised by Republican nominee Donald Trump about national security.
• Dave Boyer can be reached at dboyer@washingtontimes.com.
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