Questions continue to swirl around a recent financial move made by US President Joe Biden, with the White House and other members of the administration failing to provide an explanation.
In December, Biden obtained a $250,000 line of credit on his Delaware beach house, the timing and reason for which remain unclear.
The move has raised concerns, particularly as investigations into his son Hunter’s questionable business activities continue to intensify, and as concerns persist regarding his own classified document controversy.
While the White House has acknowledged the existence of the loan, they have declined to provide any further details upon being pressed for additional information.
In a recent instance, Karine Jean-Pierre, Biden’s press secretary, was asked about the loan while aboard Air Force One, but instead of providing an answer, she referred the question to another department within the administration.
The lack of transparency from the administration has been criticized by some, particularly given the ongoing investigations surrounding Hunter Biden’s financial dealings.
Republicans have initiated numerous investigations into Hunter Biden, many of which are based on banks filing “suspicious activity reports” related to his foreign business dealings.
The reports pertain to various business transactions in China, Ukraine, and several other countries. Hunter is also facing allegations of violating U.S. disclosure laws by failing to register as a foreign government representative, thereby breaching the Foreign Agents Registration Act.
Many of his business deals, particularly those with companies and organizations affiliated with the governments of Russia, China, and Ukraine, raise concerns about his compliance with this requirement. Despite engaging in these activities, he did not register as a foreign representative in the U.S. as mandated by law.
Meanwhile, the classified document controversy surrounding President Biden has also come under scrutiny. To date, the FBI has conducted searches at four different locations, including Biden’s two Delaware residences, his Washington D.C. office, and the archives of his papers at the University of Delaware, in search of classified documents that may have been illegally held.
The extent of the documents discovered at these locations has not been fully disclosed. Attorney General Merrick Garland has appointed U.S. Attorney Robert Hur as special counsel to investigate Biden’s handling of the classified documents.
Amidst ongoing scrutiny regarding Hunter’s questionable multimillion-dollar business dealings, the President is facing additional scrutiny regarding the recent loan.
These concerns come as the Republican-led House of Representatives initiates investigations into Hunter’s financial and tax records. With all these questions and investigations swirling around them, Joe and Hunter have earned another dubious honor.
In the history of the federal government, they are the first father-and-son duo to be under federal investigations at the same time and for separate violations of federal laws.