Current:Home > MarketsGOP House panel raises questions about $200K check from James Biden to Joe Biden. Biden spokesman says there's "zero evidence of wrongdoing." -Capitatum
GOP House panel raises questions about $200K check from James Biden to Joe Biden. Biden spokesman says there's "zero evidence of wrongdoing."
Charles Langston View
Date:2025-04-06 23:36:42
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! (387)
Related
- Rylee Arnold Shares a Long
- California Pizza Huts lay off all delivery drivers ahead of minimum wage increase
- California man stuck in seaside crevasse for days is rescued in time for Christmas
- The year in clean energy: Wind, solar and batteries grow despite economic challenges
- Boy who wandered away from his 5th birthday party found dead in canal, police say
- Odds for more sports betting expansion could fade after rapid growth to 38 states
- Heat exhaustion killed Taylor Swift fan attending Rio concert, forensics report says
- Taylor Swift's Game Day Nods to Travis Kelce Will Never Go Out of Style
- JoJo Siwa reflects on Candace Cameron Bure feud: 'If I saw her, I would not say hi'
- Mahomes, Purdy, Prescott: Who are the best QBs of the season? Ranking the top 10 before Week 17
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- The year when the girl economy roared
- Biden Administration Takes Historic Step to Protect Old-Growth Forest
- Amy Robach and T.J. Holmes Detail Fight That Made Them Seek Relationship Counseling
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Mariah Carey and Bryan Tanaka Break Up After 7 Years of Dating
- Man trapped for 6 days in wrecked truck in Indiana rescued after being spotted by passersby
- A Greek air force training jet crashes outside a southern base and search is underway for the pilot
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Bowl game schedule today: Everything to know about college football bowl games on Dec. 26
TEPCO’s operational ban is lifted, putting it one step closer to restarting reactors in Niigata
Officer fatally shoots man who shot another person following crash in suburban Detroit
How breaking emerged from battles in the burning Bronx to the Paris Olympics stage
Alabama agency completes review of fatal police shooting in man’s front yard
1st Amendment claim struck down in Project Veritas case focused on diary of Biden’s daughter
Amy Robach and T.J. Holmes Detail Fight That Made Them Seek Relationship Counseling