Debt Demolition: Biden Erases $1.2 Billion in Student Loans for 153,000 Borrowers

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Biden Blitz

In a significant development in the ongoing investigation into President Joe Biden’s family, his brother, James Biden, is scheduled for a closed-door transcribed interview with the House Oversight and Judiciary committees on Wednesday morning. This interview is a part of the Republican-led impeachment inquiry into President Biden, focusing particularly on James Biden’s business dealings and their potential connections to the president. The inquiry is set to extend the following week when Hunter Biden, the president’s son, is also due to appear for his own transcribed interview on February 28.

The Allegations and the Inquiry

The Republican focus on the Biden family has sharpened around James Biden’s financial activities, including loans made to him by Joe Biden during a period when the latter was not in office. Investigators are probing whether the president had any involvement in his brother’s business transactions or if he used his influence to benefit those dealings. However, the committees have yet to provide substantial evidence supporting their claims.

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Adding another layer to this investigation, the interview with James Biden follows recent news that a former FBI informant was charged with providing false information about President Biden and Hunter Biden during the 2020 presidential campaign. This information, purportedly sourced from “officials associated with Russian intelligence,” casts a shadow of doubt over the credibility of some of the accusations against the Bidens.

The Subpoenas and Financial Allegations

In November, Oversight Committee Chairman James Comer (R-Ky.) subpoenaed James and Hunter Biden, claiming that the committee had obtained financial records indicating the Biden family members had established over 20 shell companies. Most of these companies were reportedly created while Joe Biden served as vice president, allegedly to conceal payments from foreign entities. However, concrete evidence substantiating these claims, particularly how these transactions might indicate wrongdoing or influence peddling by President Biden, remains elusive.

Notably, the investigation also scrutinizes a $200,000 loan President Biden provided to his brother in 2018. James Biden’s legal representatives have stated that this loan was fully repaid and that the president was never involved in any of James’s business dealings.

The White House’s Response

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The White House has consistently rebutted allegations of misconduct, highlighting the absence of evidence presented by Republicans to back their accusations against the Biden family. This ongoing battle between the Biden administration and Republican investigators underscores the deeply polarized nature of current American politics, with significant implications for the presidency and the Biden family’s reputation.

As the inquiry unfolds, with the forthcoming interviews of James and Hunter Biden, all eyes will be on the House Oversight and Judiciary committees. The outcomes of these interviews could significantly impact the trajectory of the impeachment inquiry and potentially alter the political landscape ahead of future elections.

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