Who Gets the Prize Money?

The Nobel Committee has created a pretty little problem for White House counsel Greg Craig this morning. The value of the gift is $1.4 million, and technically, it's a "Foreign Official Gift."

The Nobel Committee has created a pretty little problem for White House counsel Greg Craig this morning. The value of the gift is $1.4 million. Technically, it's a "Foreign Official Gift," so it has to be retained by the U.S. government. Donating the money to charity will be very difficult, because first the gift will have to pass through the president's hands -and the law requires that he must spend $1.4 million of his own money to buy the $1.4 million from the U.S. government.