White House Gift Shop Goes BankruptSubmitted by SteveMT on Fri, 10/11/2013 - 12:14
Christmas spirit dies at White House as ornament-hawking gift shop goes broke
By Jim McElhatton - Thursday, October 10, 2013
In another sign of the tough times in Washington these days, the White House Gift Shop, long run by a nonprofit group that helps uniformed Secret Service officers and their families, has gone broke.
The Secret Service Uniformed Division Benefit Fund, which traces its roots to the 1940s and for years did business as the official White House Gift Shop, lists more than $600,000 in liabilities in a pending bankruptcy petition in Washington.
The fund — which operated independently of the White House and Secret Service, and was not a part of the government — disclosed tens of thousands of dollars in assets consisting mostly of Christmas decorations, as well as such trinkets as magnets, puzzles and paperweights, many valued at just a few dollars each.
Read more: http://www.washingtontimes.com/news/2013/oct/10/shelves-empt...
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