Current:Home > StocksGOP House panel raises questions about $200K check from James Biden to Joe Biden. Biden spokesman says there's "zero evidence of wrongdoing." -Pinnacle Profit Strategies
GOP House panel raises questions about $200K check from James Biden to Joe Biden. Biden spokesman says there's "zero evidence of wrongdoing."
Surpassing View
Date:2025-04-08 05:15:31
House Republicans released bank records of President Biden's brother, James Biden, Friday, that they argue raise more questions about whether President Biden personally benefited from his family's business ventures.
Bank records released by the GOP-led House Committee on Oversight and Accountability revealed a $200,000 personal check paid to Mr. Biden from his brother, James Biden, and sister-in-law, Sara Biden. The personal check, which was labeled a loan repayment, was issued before Biden's presidency, on the same date in 2018 when Americore Health LLC, a healthcare company that manages rural hospitals across the United States also wired a $200,000 loan into James Biden's PNC bank account.
In video remarks posted to X, Rep. James Comer, the Republican chairman of the House Oversight and Accountability Committee claimed, "Joe Biden's ability to be paid back by his brother depended on the success of his family's shady financial dealings."
In a bankruptcy filing last year, Americore Health LLC claimed James Biden received hundreds of thousands of dollars in loans from the company on the promise that his last name "could 'open doors' and that he could obtain a large investment from the Middle East, based on his political connections."
After Americore Health LLC later filed suit for non-payment, James Biden agreed to a settlement payment with Americore Health LLC for $350,000.
James Biden's attorney took issue with the way the GOP-led panel has described the check.
"The Oversight Committee's description of the $200,000 check is highly selective and misleading," said Paul Fishman, attorney for James Biden. "The Committee has the bank documents that show both the loan Jim received from his brother in January 2018 and the repayment by check six weeks later. At no time did Jim involve his brother in any of his business relationships."
This latest document release comes after Rep. Comer pledged to "continue to follow the money" in its investigation into the Biden family's businesses, even as the House remains in disarray, without an elected speaker for over two weeks. Shortly after Rep. Kevin McCarthy was ousted as speaker, Comer asserted the Oversight Committee would continue to "read emails, text messages, put together timelines trying to get people to come in."
In September, the Oversight Committee said it had "uncovered how the Bidens and their associates created over 20 shell companies – most of which were created when Joe Biden was vice president – and raked in over $24 million dollars between 2014-2019," adding committee investigators had "identified nine members of the Biden family who have participated in or benefited from these business schemes." President Biden was not among those named by the committee.
The House of Representatives remains paralyzed, and Republicans, who are in the majority, are back to square one, after dropping Rep. Jim Jordan as their speaker nominee following his third failed attempt to win the speakership Friday. Republicans will try again to settle on a candidate Monday, nearly three weeks after Rep. Kevin McCarthy first lost his speakership earlier this month.
"It's no coincidence they rushed out a new distraction mere minutes after yet another failed Speaker vote," Ian Sams, White House spokesman for oversight and investigations said in a statement to CBS News.
"After rummaging through thousands of pages of a private citizen's bank records, they have again turned up zero evidence of wrongdoing by President Biden – and that's because there is none."
- In:
- Joe Biden
veryGood! (8527)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Labor abuse on fishing vessels widespread, with China topping list of offenders, report says
- No one will miss the National Zoo pandas more than Antwon Hines, their former mascot
- Teachers confront misinformation on social media as they teach about Israel and Gaza
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- A Pine Bluff attorney launches a bid for a south Arkansas congressional seat as filing period ends
- 'Eyeliner' examines the cosmetic's history as a symbol of strength and protest
- Mother of 6-year-old boy who shot teacher faces sentencing for marijuana use while owning a gun
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- 1 woman in critical condition a day after knife attack at Louisiana Tech University
Ranking
- Trump invites nearly all federal workers to quit now, get paid through September
- Shop the Best Bags from Loungefly’s Holiday Collection That Feature Your Favorite Character
- Robin Roberts Reacts to Michael Strahan's Good Morning America Return After His Absence
- Video shows North Carolina officer repeatedly striking a pinned woman during her arrest
- Arkansas State Police probe death of woman found after officer
- Liberia’s leader Weah is facing a tight runoff vote for a second term against challenger Boakai
- Ohio business owner sues Norfolk Southern for February derailment that closed his companies
- Video shows Army veteran stopping suspect from jacking pregnant woman's car at a Florida Starbucks
Recommendation
Don't let hackers fool you with a 'scam
Live updates | Israeli tanks enter Gaza’s Shifa Hospital compound
A suspect in the 1994 Rwanda genocide goes on trial in Paris after a decadeslong investigation
King Charles III celebrates 75th birthday with food project, Prince William tribute
Trump issues order to ban transgender troops from serving openly in the military
Some of the 40 workers trapped in India tunnel collapse are sick as debris and glitches delay rescue
A man was arrested in the death of a hockey player whose neck was cut with a skate blade during a game
'The Crown' Season 6: Release date, cast, trailer, how to watch Part 1 of new season