Joe Biden is carrying a MASSIVE personal debt as it's revealed the President and wife Jill failed to sell books - netting zero royalties from three titles
The Bidens are carrying a mortgage on their Delaware home and other loans
White House released financial disclosures - required by law - on Wednesday
By Emily Goodin, Senior U.S. Political Reporter In Washington D.C.
Published: 10:03 EDT, 16 May 2024 | Updated: 13:03 EDT, 16 May 2024
President Joe Biden and First Lady Jill Biden are carrying a personal debt of up to $815,000, their financial records show, and no one is buying the president's books.
Most of the couple's debt is the mortgage on their Delaware home and an equity loan on that home. Additionally their debt consists of a term loan of about $15,000 and a loan against a mutual fund for about $50,000.
In total, the Bidens reported assets between roughly $1 million and $2.6 million and liabilities between roughly $350,000 and $850,000, according to an Office of Government Ethics form that lists ranges rather than precise figures.
The Bidens' financial records, along with those of Vice President Kamala Harris and her husband Doug Emhoff, are required to be made public annually under the Ethics in Government Act, which was introduced to prevent any conflicts of interest.
In his form, President Biden reveals he has had no royalties from his two books: 'Promises to Keep' and 'Promise Me, Dad' this year.
more
https://www.dailymail.co.uk/news/article-13426227/joe-biden-debts-book-sales-financial-records.html