Current:Home > NewsGOP House panel raises questions about $200K check from James Biden to Joe Biden. Biden spokesman says there's "zero evidence of wrongdoing." -Infinite Edge Learning
GOP House panel raises questions about $200K check from James Biden to Joe Biden. Biden spokesman says there's "zero evidence of wrongdoing."
View
Date:2025-04-12 11:37:43
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! (38422)
Related
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- When do new 'Bluey' episodes come out? Release date, time, where to watch
- Hospital to pay $300K to resolve drug recordkeeping allegations
- Biden administration provides $504 million to support 12 ‘tech hubs’ nationwide
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Savannah Chrisley Shares Update on Mom Julie Chrisley's Prison Release
- USA TODAY Editor-in-Chief Terence Samuel leaves Gannett after one year
- Utah State is firing football coach Blake Anderson, 2 other staffers after Title IX review
- Rylee Arnold Shares a Long
- Groom shot in the head by masked gunman during backyard St. Louis wedding
Ranking
- Skins Game to make return to Thanksgiving week with a modern look
- US gives key approval to Atlantic Shores offshore wind farm in New Jersey
- The Real Reason Nick Cannon Insured His Balls for $10 Million
- Biden administration provides $504 million to support 12 ‘tech hubs’ nationwide
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Mark Consuelos debuts shaved head on 'Live' with Kelly Ripa: See his new look
- Sonic joins in on value menu movement: Cheeseburger, wraps, tots priced at $1.99
- Angela Simmons apologizes for controversial gun-shaped purse at BET Awards: 'I don't mean no harm'
Recommendation
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
Former Iowa police chief sentenced to 5 years in prison in federal gun case
What we know about the fatal police shooting of a 13-year-old boy in upstate New York
Are grocery stores open on July 4th? Hours and details on Costco, Kroger, Publix, Aldi, more
Dick Vitale announces he is cancer free: 'Santa Claus came early'
Some Nebraskans say misleading words led them to sign petitions on abortion they don’t support
California considers unique safety regulations for AI companies, but faces tech firm opposition
Hawaii teachers say they want to prioritize civic education — but they need more help