Republican lawmakers in the House have stepped up attacks on Biden over allegations of financial impropriety as the disclosures are required. He has accused the president of capitalizing on his position to enrich his family, but has yet to provide any conclusive evidence.
The report lists the values of most of the president’s assets, income and liabilities. Biden listed 23 separate financial accounts under the category of “other assets and income”. Most earned little or no income, according to the disclosure.
Income from books Biden had written years earlier was also listed. ,promise to keep“about Biden’s life in politics,” and “promise me dadThe death of his eldest son, Beau, generated a total of $2,933, according to the filing.
First Lady Jill Biden reported receiving a salary from her teaching job at Northern Virginia Community College, although a dollar figure was not disclosed. She also reported receiving a modest income from her published books, “don’t forget, god bless our soldiers,” (between $201 and $1,000); ,where the light enters(“None, or less than $201”) and the children’s book “Joy – The Story of Joe Biden(between $5,001 and $15,000).
House Oversight Committee Chairman James Comer (R-Q.) has said Biden’s family members took millions of dollars from foreign nationals, adding that his committee is aiming to determine whether Biden was compromised it was done.
So far, Comer has struggled to link the president to the alleged wrongdoing. “You Have Some Circumstantial Evidence,” Fox News Host Steve Doocy told Comer last week, but Added “There is no evidence that Joe Biden did anything illegal.”
Biden’s financial disclosures do not show evidence of sources of foreign income. He has said that the GOP’s claim that foreign nationals siphoned off his family’s money is false.
Biden reported having a bank account with cash totaling between $250,001 and $500,000, and a bank account with cash totaling between $500,001 and $1,000,000.
The banking scare earlier this year prompted some depositors at faltering banks to fear whether their large deposits would be safe. The Federal Deposit Insurance Corporation only insures deposits up to $250,000.
While some depositors opted to move some of their cash to other bank accounts to keep the total below $250,000, Biden took no such step. The President has several other cash accounts with amounts below the FDIC limit.
Biden’s liabilities include the mortgage on his private home in amounts between $250,001 and $500,000. The mortgage that Biden took out from TD Bank in 2013 has an interest rate of 3.375 percent.
Average mortgage rates have declined past 7 percent as the Federal Reserve seeks to reduce inflation. The president also took out a home-equity loan last year with a variable interest rate between $15,001 and $50,000 and a term of 10 years.
Vice President Harris financial disclosure reportwas, by comparison, more complex. This included a salary from Georgetown University, although no amount was listed, more than a dozen bank accounts, bonds and investments, between $1,001 and $100,000 in value.
Harris and first gentleman Doug Emhoff also reported buying more than 50 mutual and index funds and selling dozens more. Harris reported an income of over $80,000 in royalties from the books he wrote: “the truth we hold“A Memoir,” and “superheroes are everywhere,” Children’s Book.