Billionaire Makes Monumental Donation After Quake

When the Washington Monument was damaged after an earthquake last summer, Congress committed $7.5 million to fix it but expected the public to pay the other $7.5 million. It turns out the public will be just one person. The Washington Post reports billionaire David Rubenstein will make the $7.5 million donation Thursday.

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STEVE INSKEEP, HOST:

And today's last word is a monumental donation. You'll recall that the Washington Monument was damaged in August after an earthquake here in Washington. Congress committed seven and a half million dollars to fix it, but expected the public to commit seven and a half million more. It turns out the public will be exactly one person. Billionaire David Rubenstein co-founded and directs the private equity firm The Carlyle Group.

The Washington Post reports he called up the National Park Service and said: you got a cracked monument. How can I help? The official announcement of his seven and a half million dollar donation will be made later today. He explains that donation by saying he's a history buff.

That's the business news on MORNING EDITION from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

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