Republicans Investigate President Joe Biden over Brother's Loan Repayment Amidst Accusations of Family Business Ties
Republicans' "bombshell" turns out to be loan repayment from James Biden to President Joe Biden; no illicit connections to foreign business proved, while GOP investigation overshadowed by internal party feuds.
- Republicans’ investigation into President Biden has revealed a $200,000 loan repayment from his brother James, with no proven illicit connections to foreign business dealings.
- House Oversight Committee Chair James Comer is leading the GOP investigation and impeachment inquiry into President Biden, but findings have not implicated the President.
- Financial records show that President Biden was the one to provide short-term loans to his brother, and Republicans' subpoenas have shown no wrongdoing.
- James Biden had received a loan from a for-profit hospital chain, Americore Health, based on his political connection promises. However, he never repaid the loan, and the promised large investment from the Middle East did not materialize.
- Republicans' investigation into the Biden family is being overshadowed by the ongoing infighting among Republicans that has resulted in the paralysis of the House of Representatives.