President Joe Biden and First Lady Jill Biden have disclosed personal debts totaling up to $815,000, primarily from mortgages on their Delaware home and an equity loan. Additional debts include a term loan and a loan against a mutual fund. Their reported assets range between $1 million and $2.6 million, while liabilities range between $350,000 and $850,000, based on an Office of Government Ethics form. President Biden also reported no royalties this year from his books ‘Promises to Keep’ and ‘Promise Me, Dad’.
DEBT: With income from sale of Biden's influence cutoff Biden may be insolvent. The president's latest financial disclosures reveal he's almost out of cash with only $50K-$100K in the bank. He may owe as much as $850,000 to various banks. h/t @PhilHollowayEsq pic.twitter.com/yHM4Otkr0a
— @amuse (@amuse) May 16, 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.
www.dailymail.co.uk/news/article-13426227/joe-biden-debts-book-sales-financial-records.html