Here's a little holiday inside information, according to a report on TMZ, President Barack Obama and Vice President Joe Biden do not give each other Christmas gifts. Why not? Let's hear it from the Vice President himself.

According to

"There is a special holiday policy in the White House ... the President and the Vice President DO NOT exchange Christmas gifts, at least that's what VP Joe Biden tells TMZ.

Biden dropped the info while on Capitol Hill yesterday ... telling us all about the special gift treaty he arranged with President Barack Obama -- "We exchange birthday gifts, we don't exchange Christmas gifts."

The Veep acknowledged it's really tough to shop for the most powerful man on the planet ... but they usually give each other something that has to do with golf."