- President Joe Biden admitted he “bounced a few checks” in his youth, during a White House event Tuesday on junk fees
- He also sarcastically said it was “difficult” for banks to access old banking records, a comment that will raise eyebrows among Republicans who want to see his banking records.
- Last month, the House Oversight Committee subpoenaed the president and Hunter Biden for their personal and business banking information
President Joe Biden said he had “bounced a few checks” when he was younger and joked that it was “hard” to retrieve old banking information at a White House event Tuesday that introduced new rules to curb junk fees associated with retirement accounts to ban.
Biden attacked banks and credit unions for their fees when he made the eyebrow-raising comment about banking data.
It comes after House Republicans subpoenaed the personal and business banking records of the president and son Hunter last month in an effort to link the elder Biden to his drug-addicted son’s foreign business deals in Ukraine and China.
The president boasted how the Biden administration had spent two years cracking down on “unfair and deceptive junk fees in banking, hotel fees, rental properties, cable, internet, concerts, airlines and health care.”
“For example, my administration banned banks and credit unions from charging fees for basic services like checking your account balance. “I think that’s great,” the president said. ‘Retrieve old bank details. That’s really hard to do, man.’
President Joe Biden said he “bounced a few checks” when he was younger and joked that it was “hard” to retrieve old banking information during a White House event that introduced new rules Tuesday to curb junk fees associated with retirement accounts prohibit
Biden said he became “so angry” when he heard about those entrance fees.
‘Or look up the balance for your loan, on your loan. That’s a killer. That costs those banks so much money,” he said sarcastically. ‘But look, they’re attacking. up to $30 for these services.”
“You know, if you bounced a few checks like I did when I was trying to get started,” he said, drawing laughter from the crowd gathered in the State Dining Room. “Anyway, that’s over, that’s over.”
Biden later ignored — or couldn’t hear — a loud question about whether his bank records would show foreign income as he left Tuesday’s event.
Biden has long said he had nothing to do with his son’s foreign business deals.
But Republican opponents remain undeterred.
In the weeks before House Speaker Kevin McCarthy was removed from his leadership position on October 3, he allowed the Republican House to open an impeachment inquiry against Biden.
President Joe Biden (left) and Hunter Biden (right) left church in South Carolina last August. House Republicans opened an impeachment inquiry in September as they tried to link the president to his son’s foreign affairs deals in China and Ukraine.
In late September, House Republicans issued three subpoenas for Joe and Hunter’s personal and business banking records as part of the impeachment inquiry.
“The subpoenaed banking records will help the committees determine whether Joe Biden abused his office by selling access and/or receiving payments or other benefits in exchange for official actions,” said Oversight Committee Chairman James Comer and Chairman Jim Jordan of the House Judiciary in a joint conversation. rack.
Comer and Jordan alleged that Hunter Biden and other family members “attempted to conceal the source of foreign income by having lucrative wires sent to the accounts of Biden associates, rather than to their own accounts.”
“We believe this data will provide insight into where the foreign money was ultimately sent,” they said.
White House spokesman Ian Sams called the Republican effort a “baseless wild goose chase” to distract from a possible government shutdown.
However, the impeachment inquiry took a back seat to the Republican Party’s drama in the House of Representatives, as the House was left without a speaker for 22 days after McCarthy’s impeachment and last week saw only House Speaker Mike Johnson of Louisiana, elected.