NEW YORK (AP) — Federal prosecutors are reportedly investigating the finances of President Donald Trump's inaugural committee and whether foreigners contributed to its events using straw donors.

The Wall Street Journal reported Thursday that prosecutors in New York are investigating whether some of the committee's donors made contributions in exchange for political favors and access to the Trump administration— a potential violation of federal corruption laws. The inquiry, which the newspaper said is in its early stages, is also focused on whether the inauguration committee misspent some of th...