Overview

• New House Speaker Mike Johnson has not reported having a checking or savings account in his or his family's names since 2016, according to his financial disclosure forms, raising concerns about his financial stability.
• Despite earning over $200,000 annually and his wife also having an income from two nonprofits, Johnson reportedly has no disclosed assets and seems to be living paycheck-to-paycheck.
• Johnson has several outstanding debts, including a mortgage valued between $250,000 and $500,000, a personal loan, and a home equity line of credit, bringing into question where his income is being spent.
• Watchdog groups like Citizens for Responsibility and Ethics in Washington express concerns that Johnson's precarious financial situation could make him susceptible to influence buying.
• Johnson's financial struggles are unusual among Congress members as he ranks among the top 12% of earners in the United States, but despite his income doesn't meet the $5,000 threshold for account disclosure set by the House Ethics Committee.