Storms leave Red Cross deep in debt
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The wave of storms battering the U.S. has plunged the American Red Cross deep into debt as it rushes to prepare for Hurricane Ike, prompting a search for alternatives to stabilize the charity’s finances.
Gail McGovern, who took over as the organization’s president in June, said that even a request for federal funding was under consideration as the Red Cross seeks to become less dependent on spontaneous donations that arrive only in the wake of huge disasters.
“We are going to explore every avenue we can to ensure we have a healthy Red Cross,” McGovern said in an Associated Press interview.
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