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Politics

Ken Langone blasts Trump, Capitol rioters, vows to help Joe Biden

Republican businessman Ken Langone on Wednesday blew up the Capitol Hill riot last week and charged CNBC with feeling “betrayed” by the actions of President Donald Trump that led to the deadly events.

“I think the biggest mistake anyone is going to make is trying to rationalize what happened last week, what the president did and what that crowd did,” Langone told Squawk Box. “There shouldn’t be any mitigation at all. It was horrible. It was wrong. I’m shocked.”

Trump’s supporters overtook the U.S. Capitol exactly a week ago to prevent Congress from completing President-elect Joe Biden’s victory in the electoral college. Trump’s incendiary rhetoric and repeated lies about widespread fraud in the November elections helped anger his supporters, and during a speech in Washington, the president encouraged supporters gathered in the city to march to the Capitol.

“I feel cheated,” said Langone, who has been very supportive of Trump’s economic policies over the years and at times also criticized the president, for example for his reaction to the deadly rally by white nationalists in Charlottesville, Virginia in 2017.

“Last Wednesday was a shame,” added Langone, the billionaire co-founder of Home Depot, who has donated to Republicans over the years. “It should never have happened in this country. If it doesn’t break the heart of every American, something is wrong. It sure breaks my heart. I didn’t sign up for it.”

Langone, who is the chairman of the board of directors of NYU Langone Medical Center, called on Americans to rally behind Biden and give up bias. “If there is a time in history when all Americans must be patriots, it is this time,” he said.

“I will do everything I can from day one to make sure I do my part in making Joe Biden the most successful president in this country’s history,” added Langone. “There is a selfish reason for this, we have very serious major problems to solve in America,” such as the coronavirus pandemic and public education.

Langone’s comments come as the House of Representatives prepares to indict Trump again, this time for the second time for his role in inciting the Capitol uprising. The democratically led effort was supported by a number of GOP members, including Rep. Liz Cheney of Wyoming. She is the third-placed Republican in the house.

“I don’t care,” Langone said, if Trump is charged. “There is only one thing I care about: Joe Biden will be sworn in as president on January 20th.”

Langone was asked specifically about Republican Congressmen who voted against Biden’s victory, even after the deadly uprising. “I honestly don’t know what the hell they were thinking. … What kind of grandstand game was that?” “”

“There will be a lot of time and I am sure there will be a lot of energy going into what they have to do, whether it is Trump, these senators or whatever,” added Langone. “At the end of the day, thank God, we are a democracy and the voters will have the last word.”

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Politics

Pence will attend President-elect Joe Biden’s inauguration

United States President Donald Trump listens as Vice President Mike Pence speaks during a press conference in the James Brady Press Briefing Room at the White House on February 29, 2020 in Washington, DC.

Alex Wong | Getty Images

WASHINGTON – Vice President Mike Pence will attend the inauguration of President-elect Joe Biden, a well-known person told NBC News.

Pence’s decision to watch Biden’s swearing-in ceremony on January 20 in the U.S. Capitol marks another public break with President Donald Trump since the riots that rocked Washington. On Friday, Trump said he would skip Biden’s inauguration, a move that appeared to undermine the president’s message of national “healing and reconciliation” the day before.

Speaking from Wilmington, Delaware on Friday, Biden welcomed Trump’s decision, calling it “one of the few things we ever agreed on”.

At the suggestion of Pence’s potential participation, Biden said it was “an honor to have him there and to help advance the transition.”

“I think it is important that we stick as closely as possible to the historical precedents and circumstances under which an administration changes,” said Biden.

U.S. President-elect Joe Biden attends a briefing to make comments on the U.S. response to the coronavirus disease (COVID-19) outbreak on December 29, 2020 at his headquarters in Wilmington, Delaware.

Jonathan Ernst | Reuters

Traditionally, incoming and outgoing presidents drive together from the White House to the US Capitol for the inauguration ceremony.

Trump isn’t the first outgoing president to skip his successor’s inauguration. The others, according to the White House Historic Association, were Presidents John Adams, John Quincy Adams, and Andrew Johnson. Like Trump, Johnson was also charged.

Before the inauguration, which takes place in less than two weeks, more than 6,200 National Guard personnel will be stationed in the country’s capital and will stay in the region for at least 30 days.

The mobilization ensures that the members of the National Guard are available for Biden’s inauguration in the Capitol.

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Politics

Sen. Joe Manchin casts doubts on $2,000 stimulus checks

Senator Joe Manchin, DW. Va., Visited in the Russell Building on Thursday, July 30, 2020.

Tom Williams | CQ Appeal, Inc. | Getty Images

Democratic Senator Joe Manchin signaled on Friday that he could speak out against direct payments of US $ 2,000, thereby jeopardizing one of his party’s priorities if it takes unified control of the White House and Congress.

The Washington Post initially quoted West Virginia lawmakers as saying they would “absolutely” disapprove of another coronavirus relief check on Americans. He later explained his comment in a tweet statement, saying, “When the next round of stimulus checks expires, they should be aimed at those who need them.”

Manchin, the most conservative Democrat in the Senate, questioned the cost of the proposal. The bipartisan Joint Tax Committee previously said an increase in payments in the State Aid Act passed last month from $ 600 to $ 2,000 would cost $ 463 billion.

His stance casts doubt on what kind of direct deposit plan could get through the Senate when the Democrats have a wafer-thin majority. The party will have control of a 50:50 chamber for the coming weeks following the January 20 inauguration and the swearing-in of Democratic-elected Senators Raphael Warnock and Jon Ossoff of Georgia.

Manchin’s comments appeared to be causing a temporary decline in major stock indices on Friday.

President-elect Joe Biden and Democratic Congress leaders have called for trillions of dollars more in pandemic rescue spending as Americans struggle to pay bills and rent during an ongoing virus outbreak. Biden called the $ 900 billion relief plan approved last month a “down payment.” The urge for more assistance comes when the Labor Department reported the US lost 140,000 jobs in December.

Biden, Warnock and Ossoff said the Democratic election in Georgia would mean the Senate could write $ 2,000 checks.

Republicans can ensure that most laws take 60 votes to pass. However, it is expected that Democrats will have three options to use the budget vote process, which will allow certain measures related to spending to be passed by majority vote.

Some people must not doom the passage of payments to failure. At least one Republican – Senator Josh Hawley of Missouri – backed $ 2,000 checks last month when President Donald Trump urged them. It is unclear whether or how the president’s departure or the pro-Trump mob attack on the Capitol this week will affect GOP payments-related policies.

The House passed a bill last month to increase the checks in the relief bill from $ 600 to $ 2,000. Individuals earning up to $ 75,000 in 2019 would receive the full amount and gradually expire until a cap of $ 115,000 is reached.

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Politics

Congress is ready to substantiate Joe Biden’s win over Trump. Here is what to know

The U.S. Capitol Building is reflected in a puddle in Washington, United States, on November 10, 2020.

Hannah McKay | Reuters

Congress on Wednesday will count and confirm the votes cast by the electoral college, a process that will virtually finalize President-elect Joe Biden’s victory despite recent plans by some Republicans to question the election results.

The joint session will begin at 1:00 p.m. CET in the House Chamber, and Vice President Mike Pence is expected to chair.

In previous presidential cycles, the event was viewed as more of a formality than another battle in the White House war. After all, it comes more than three weeks after state voters have cast their votes and almost a month after what is known as the safe harbor to settle disputes over the results.

Yet more than a dozen GOP senators and dozens more in the House of Representatives have vowed to raise an unprecedented number of objections to electoral votes in key states despite Senate majority leader Mitch McConnell, R-Ky., And other Republicans abandoning the crusade . This could add hours or even days to the certification process, but experts say the final result will stay the same.

“The ultimate outcome, I think, is inevitable,” said Keith Whittington, policy professor at Princeton University, in an interview with CNBC. “It’s just a matter of how long it will be to get there and how many fireworks will be on the way.”

U.S. President-elect Joe Biden jokingly thanks voters for Georgia confirming its victory three times as he camped on behalf of Georgia Democratic U.S. Senate candidates Jon Ossoff and Raphael Warnock during a January 5 runoff during a car campaign rally in Atlanta, Georgia, Jan. 4, 2021.

Jonathan Ernst | Reuters

The objectors, some of whom are rumored to have presidential ambitions, reworded Wednesday’s joint session as a final opportunity to cast doubts on the electoral process and press for a 10-day review of the results in a number of battlefield states.

Senator Josh Hawley, R-Mo., Was the first in the chamber to announce appeal plans and eleven others, led by Senator Ted Cruz, R-Texas, argued in a later statement that “unprecedented allegations of electoral fraud” and “deep “Suspicion” of the results requires investigation.

None of these senators’ statements made any mention of President Donald Trump, who has a broad and dedicated base of Republican support, had been relentlessly promoting unsubstantiated and exposed fraud conspiracies since the November 3 elections. The president and his allies have also filed dozens of lawsuits aimed at overturning the election results, including in the Supreme Court, but almost all of them have been denied.

Trump refuses to admit Biden, falsely claiming he won the race while pressuring state officials to change the results of their elections and attack Republicans who refused to participate.

The President’s unsubstantiated claim that his election was stolen from him and that many votes for Biden should be rejected poses a threat to Republicans. McConnell reportedly warned his caucus that following Trump’s wishes by objecting to the election count would force a vote that would likely split the party.

This could also cause discomfort to the Vice President, an unwavering loyalist to Trump who is expected to lead the session and ultimately declare Biden the winner. Experts say Pence’s role in the process is largely ceremonial, but Trump has appeared to have been hanging hopes for the past few days on the Vice President, who “comes through” for him on Wednesday.

“If he doesn’t get through, I won’t like him that much, of course,” Trump said Monday night at a rally in Georgia.

Political experts have also warned that Trump’s efforts to undermine confidence in elections could dampen GOP turnout in Georgia’s key runoff races on Tuesday, the results of which will determine Senate party control. On Saturday, Trump pressed the Georgian Foreign Minister Brad Raffensperger in a one-hour phone call To “find” enough votes to undo Biden’s victory there.

After a replay of the call was leaked, Senator Kelly Loeffler, R-Ga., Said on the eve of her race against Democratic candidate Rev. Raphael Warnock that she, too, would appeal. David Perdue, who is running against Jon Ossoff and whose term as Senator in Georgia expired on Sunday, also called on Senate Republicans to raise objections.

Once Congress finishes counting, Biden’s final step is to take the oath of office on January 20th.

This is how the meeting in Congress on Wednesday is expected to go:

The electoral list

House Speaker Nancy Pelosi (D-CA) swears new members of Congress during the first session of the 117th Congress in the Chamber of the House in the U.S. Capitol in Washington, DC, United States, on January 3, 2021.

Thassos Catopodis Reuters

The procedure is scheduled to begin in the house at 1:00 p.m. ET.

Pence receives the electoral lists of the states in alphabetical order. The Republican and Democratic leaders of the House Administration Committee and Senate Rules Committee will receive and count these votes.

Once a state’s record is released, Pence will ask if there are any objections. If at least one member of the Senate and one member of the House objects in writing, the two chambers will be divided for up to two hours of debate. You will then vote on the objections separately.

Traditionally, everything is “pretty superficial,” Whittington said. “It doesn’t take long to open all of the envelopes, record the votes, and then make an announcement.”

All objections are expected to be denied – but the possibility of separate debates over the highlights of several states could mean that the process will drag on far longer than in previous elections. For the past three cycles, certification took less than an hour total, according to NBC News.

Once the votes are counted and the objections resolved, Pence will announce the election results.

Pence in the spotlight

Vice President Mike Pence finishes a swearing in ceremony for senators in the Old Senate Chamber on Capitol Hill on January 3, 2021 in Washington, DC. Both chambers hold rare Sunday events to open the new Congress on January 3rd, as the constitution dictates.

J. Scott Applewhite | Getty Images

Pence, believed to be weighing a 2024 presidential campaign, is likely eager to do whatever it takes to avoid a barrage of criticism from Trump. The president has repeatedly cracked down on other Republicans he previously supported, particularly Georgia Governor Brian Kemp, after they refused to sustain his election overthrow efforts.

Experts say Pence, in his narrow role at Wednesday’s joint session, can do little.

“He opens the ballot. That’s his job,” said Neil Kinkopf, law professor at Georgia State University.

In carefully worded remarks to Georgia voters on Monday, Pence telegraphed support for the president and suggested that he let the process go as expected.

“I know we all have our doubts about the last election. And I want to assure you that I share the concerns of millions of Americans about electoral irregularities,” he said. “And I promise you, come this Wednesday, we’ll have our day in Congress. We’ll hear the objections. We’ll hear the evidence.”

Even so, Trump and his allies have falsely claimed that Pence’s powers are far greater.

“The Vice President has the power to reject fraudulently elected voters,” Trump tweeted on Tuesday.

In late December, Texas Republican MP Louie Gohmert, along with a group of Arizona Republicans, urged a federal court to declare that Pence had a unilateral power to decide which votes to count.

The long-term offer, in which Pence himself was listed as a defendant, was severely pushed back by a Justice Department attorney who represented the vice president. The lawsuit was dismissed last week.

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Health

Joe Biden says Trump’s Covid vaccine effort far brief its personal objectives

U.S. President-elect Joe Biden speaks to reporters after making remarks at The Queen in Wilmington, Delaware ahead of the December 22nd, 2020 holiday.

Alex Edelman | AFP | Getty Images

President-elect Joe Biden on Tuesday criticized the Trump administration’s efforts to distribute and administer Covid vaccine shots, saying the administration had failed to achieve its own goals.

“The Trump administration’s plan to distribute vaccines is falling far behind,” he said at a press conference. “As I have long feared and warned, efforts to distribute and administer the vaccine are not progressing as they should.”

He said his government will “move heaven and earth” to expedite the distribution and delivery of the Covid vaccines once he takes office on Jan. 20. He reiterated his government’s pledge to have administered 100 million doses of vaccine by his 100th day in office.

“This will be the greatest operational challenge we have ever faced as a nation,” he added. “We’ll get there. It’s going to take a tremendous new effort. It’s not underway yet.”

While more than 11.4 million doses of vaccine had been distributed to states on Monday, just over 2.1 million doses were given, according to the Centers for Disease Control and Prevention. The agency notes that when states and jurisdictions report the data, their data may lag behind the actual number of doses given.

“A large difference between the number of doses distributed and the number of doses administered is expected at this point in the COVID vaccination program due to several factors including delays in reporting doses administered, managing available vaccine stocks by jurisdiction, and imminent vaccination launch the federal program for pharmacy partnership for long-term care, “says the agency on its vaccine tracking website.

CDC officials did not respond to CNBC’s request for further comment on the inequality between administered and administered doses.

Dr. Anthony Fauci, director of the National Institute for Allergies and Infectious Diseases, admitted Tuesday on CNN that the vaccine roll-out has been slower than expected.

“We are certainly not at the numbers we wanted at the end of December,” he said in an interview with Jim Sciutto. “I think we will see an increase in momentum in January that will hopefully allow us to catch up on the planned pace Jim.”

Michael Pratt, a spokesman for Operation Warp Speed, reiterated that the number of doses reported by the CDC is likely to be too few due to delays in reporting data.

“Operation Warp Speed ​​remains on track to deliver approximately 40 million vaccine doses and 20 million primary vaccination doses by the end of December 2020. The distribution of the 20 million primary doses extends into the first week of January when states place orders she, “he said in a statement.

Dr. Atul Gawande, a member of Biden’s Covid-19 advisory team, said on CBS This Morning Tuesday that the in-depth administration “does not have all the information it needs to understand where the bottlenecks are”.

He also noted that he is concerned that the Trump administration is overly optimistic about the vaccination schedule. Trump’s HHS Secretary Alex Azar has said the general public can be vaccinated by March.

“I worry that if things get back to normal, I’ll be over-promising,” said Gawande, a surgeon at Brigham and Women’s Hospital in Boston and a professor at Harvard University.

He vowed that the Biden administration would be more transparent about where the problems lie, be it with the production, the distribution or the administration of the recordings.

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Business

How Joe Biden can speed up the transition to scrub vitality

US President-elect Joe Biden speaks about the latest massive cyber attack against the US and other targets of the Biden administration in Wilmington, Delaware, December 22, 2020.

Leah Millis | Reuters

As we enter the third decade of the 21st century, we are facing a green industrial revolution. Now is the time for President-elect Joe Biden and his brilliant team of scientific, economic and national security experts to work with the private sector to accelerate this historic transition to a low-carbon world.

With an ambitious $ 2 trillion plan to address the climate change threat more broadly than any other government, the Biden presidency could mark a turning point in federal government policy and usher in a new era for clean energy.

And the newly announced Biden environmental team will find a receptive business community to work with. In recent years, efforts to combat climate change in the United States have not been led by the federal government and federal politics – although many states and cities have continued to act independently – but by corporations and financial markets.

The private sector has increasingly focused on sustainability and climate risks, not only due to heightened climate change awareness and accountability to stakeholders, but also due to dramatic innovations that have significantly lowered the price of clean energy and catalyzed a shift in creating markets, Create financial incentives and motivate companies and institutional investors to benefit from these trends.

In fact, renewable energy is cheaper than traditional electricity generation for more than two thirds of the world. It was only last year that electricity generation from renewable sources surpassed coal in the US for the first time in modern times.

It was also a turning point for corporate climate announcements as more companies set goals for zero net emissions with clear timelines and actions.

Meanwhile, more and more investors are refusing to invest in conventional energy sources as economics become less attractive and they focus instead on clean technologies. The value of private equity investments in renewable energy projects has doubled in the past year, and in the past year and a half, venture finance for climate tech companies has increased from $ 418 million in 2013 to $ 16.1 billion -Dollar.

It was also a turning point for corporate climate announcements as more companies set goals for zero net emissions with clear timelines and actions. A number of tech companies announced significant decarbonization goals, including Google, which is committed to offsetting all the carbon it has ever emitted and being 100% renewable by 2030.

In the transportation sector, JetBlue was the first US airline to achieve CO2 neutrality for all domestic flights. In the telecommunications sector, AT&T has pledged net carbon neutrality by 2035 and introduced a new climate change analysis tool to quantify climate risks across the network. In particular, several major oil and gas companies have pledged to decarbonize their businesses significantly this year, including BP, Shell and, just last month, Equinor.

According to a recent report that analyzes progress under the Paris Agreement and finds significant private sector momentum, over 1,500 companies, with combined sales of $ 12.5 trillion, have now set net zero emissions targets.

Throughout modern history, there have been a number of turning points in the energy sector that have brought about transformative change: the industrial revolution in the 1750s and 1760s, which ushered in the rise of coal power and the use of steam; the invention of the first widespread light bulb in the 1870s, which extended the working day and improved the quality of life; and the rise of oil, which in 1964 overtook coal as the main global energy source and ushered in a new era of mass production and global transportation.

Today we are at a different turning point as we continue on the path towards a clean world. But we have to accelerate the pace and act faster and more comprehensively in order to counter the existential risks and costs of climate change.

In 2020 the private sector led the way, but the federal government still has an opportunity to get involved again. The future Biden administration should set up a Sustainable Recovery Task Force composed of business and labor leaders who can offer climate and economic policy a private sector perspective, and call a summit on better reconstruction within the first 100 days. Participate in the private sector representative. Advance a detailed climate agenda.

We believe this moment represents a historic opportunity for our new national leadership to join forces with corporations and institutional investors to take bold climate action to accelerate the global transition to a low-carbon economy.

Laura Tyson, a former chairman of the President’s Council of Economic Advisers during the Clinton administration, is a professor at the Haas School of Business at the University of California at Berkeley and a member of the Board of Advisors for Angeleno Group, LLC, an energy and climate solutions investment firm . Daniel Weiss is co-founder and managing partner of the Angeleno Group.

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World News

Joe Biden receives Covid vaccine, encourages public to get inoculated

US President-elect Joe Biden will receive a Covid-19 vaccination from Tabe Masa, nurse and head of health care for employees on December 21, 2020 on the Christiana Care campus in Newark, Delaware.

Alex Edelman | AFP | Getty Images

President-elect Joe Biden received a Covid-19 vaccine on live television Monday afternoon during a demonstration to encourage Americans to get their own footage if they can.

“There’s nothing to worry about. I’m looking forward to the second shot,” said Biden, from a Delaware hospital.

Jill Biden, the arriving first lady, was given a dose of the vaccine earlier in the day. Vice President-elect Sen. Kamala Harris of California and her husband Doug Emhoff will be vaccinated next week.

Biden’s vaccine, given by Tabe Masa, the head of health for staff at ChristianaCare Hospital, comes as officials try to vaccinate Americans across the country in hopes of controlling the rapidly spreading virus.

Covid-19, which killed more than 300,000 people in the U.S., shook the nation in 2020, freezing large swaths of the economy, and changing the traditional process by which candidates for presidency fight.

Biden, more so than his rival, President Donald Trump, was careful to avoid spreading the virus in the course of his bid, largely avoiding major events, and suspending door-to-door campaign activity.

After receiving the vaccine, Biden credited the Trump administration with her work, saying it “deserves some credit for getting this off the ground with Operation Warp Speed”.

The former vice president also encouraged Americans to cancel unnecessary travel plans and wear masks.

“We owe a lot to these people, the scientists and the people who put this together, the frontline workers, the ones who actually did the clinical work. It’s just amazing,” Biden said.

Biden received the first dose of the Pfizer-made vaccine, which was the first to be approved by US regulators. A second vaccine from Moderna was shipped across the country over the weekend. Both require two doses several weeks apart.

Public health officials have announced plans to vaccinate up to 20 million people in the remaining weeks of 2020, but have indicated that it could be months before most people can receive shots.

Biden, one of the first Americans to receive a vaccine, recognized this long period.

“Now Moderna will be on the road too, but it will take time,” said Biden. “It will take time, and in the meantime – I don’t want to hear a sour note here – I hope people listen to all the experts.”

In the past few days, other senior officials have also been publicly vaccinated, including House Speaker Nancy Pelosi, D-Calif., And Vice President Mike Pence.

Trump, who was hospitalized with coronavirus in October, has not yet received a vaccine.

Surgeon General Jerome Adams said Sunday that Trump did not receive the vaccine because he was recently treated with monoclonal antibodies.

“That’s actually a scenario where we tell people, ‘Maybe you should hold back on the vaccination and talk to your doctor about the right time,” Adams said on CBS News.

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Politics

Joe Biden selects Pete Buttigieg as Transportation secretary

U.S. 2020 Democratic Presidential Candidates Mayor Pete Buttigieg, Former Vice President Joe Biden, pose on the second night of the first Democratic Presidential Candidate Debate in Miami, Florida on June 27, 2019.

Carlo Allegri | Reuters

President-elect Joe Biden has elected former South Bend, Indiana Mayor Pete Buttigieg to be his transportation secretary, three people familiar with the discussions told NBC News.

Buttigieg, who opposed Biden in the 2020 primary, is expected to play a central role in the future president’s plans to restore and repair roads and bridges in the United States

The president-elect has said for months that smart, climate-friendly infrastructure projects can help the US emerge stronger from the coronavirus recession and support thousands of jobs.

A spokesman for the Biden transition team did not immediately respond to CNBC’s request for comment.

The 38-year-old Buttigieg quickly became a household name in the 2020 elections as the younger but still moderate option for Democrats hoping to prevent a second term for President Donald Trump.

Although Buttigieg was eliminated from the race in March 2020 despite winning in Iowa, the openly gay politician soon approved of Biden as president.

The president-elect has often lauded Buttigieg as a symbol of the next generation of Democrats and was widely expected to be appointed to a senior administrative post.

A Biden business ally told CNBC that Buttigieg could have a huge impact on the government’s infrastructure proposal as it is not tied to stagnant talks in Congress about paying for such a plan.

“He’s not inhibited by the restrictions on Capitol Hill,” the person said. I “haven’t spoken to him yet, but I’ll be sure when it happens.”

This person declined to be named in order to speak freely.

Among the many proposals made by the Biden campaign was a $ 2 trillion plan that, coupled with its climate goals, would “build new American infrastructure and a clean energy economy.”

The expansive plan includes more general investments in roads and bridges, as well as more specific proposals like providing high-quality, zero-emission public transportation to any American city of 100,000 or more residents.

Buttigieg, a military veteran, is perhaps best known in politics for his two terms as Mayor of South Bend from 2012 to 2020.

During his tenure, the city embarked on extensive urban development and revitalization projects similar to those that Biden campaigned for to revitalize American infrastructure.

Critics of his time as mayor said his revitalization plans for South Bend did not necessarily have helped racist minorities as much as hoped.

For example, many were optimistic about his plans to demolish or repair almost all of the city’s vacant houses, a demanding initiative that experts believed was impossible. The program focused on the city’s low-income black and Hispanic neighborhoods, where homes were in disrepair.

And while many said they were glad that derelict structures were removed, they complained about the lack of planning of what would fill the space.

– CNBC’s Brian Schwartz contributed to the coverage.

Categories
World News

Joe Biden son Hunter Biden beneath federal tax investigation

“I take this matter very seriously, but I am confident that a professional and objective review of these matters will show that I have handled my affairs legally and appropriately, with the benefit of professional accountants,” said Hunter Biden.

Hunter Biden, an attorney whose late brother Beau Biden was the Delaware attorney general prior to his death, did not reveal any further details of the investigation.

Kim Reeves, a spokeswoman for David Weiss, the US attorney for Delaware, said in an email, “Per DOJ [Department of Justice] We cannot comment on politics on an ongoing investigation. “

CNN reported later Wednesday that it had reached out to Hunter Biden’s attorney and his father’s presidential campaign last week for comment on the investigation. CNN reported that “several financial issues are being investigated, including whether Hunter Biden and employees have broken tax and money laundering laws in doing business in foreign countries, primarily China.”

CNN reported that the investigation had been “largely dormant for the past few months” as the Justice Department issued regulations prohibiting legal action in cases that could affect an election.

Publicly available documents show Hunter and his ex-wife Kathleen Buhle had a lien on unpaid taxes, possibly including interest and penalties totaling $ 112,805.09, as of March this year, NBC News reported. Documents submitted by the IRS show that the lien was issued in November 2019. It is not immediately clear whether the lien has anything to do with the investigation.

The New York Post reported in October that in December 2019 the FBI seized both a computer and hard drive believed to have been made by Hunter Biden after the owner of a computer repair facility in Wilmington, Delaware, told federal authorities that he was in possession of these items.

The shopkeeper gave a copy of the hard drive to an attorney for Rudy Giuliani, President Donald Trump’s personal attorney, the Post reported. Giuliani then gave the newspaper a copy of the hard drive.

In a statement on Wednesday, the transition team of Democrat Joe Biden and Vice President-elect Kamala Harris said: “President-elect Biden is deeply proud of his son who has faced difficult challenges including the vicious personal attacks of the past few months. “

The White House and the US Department of Justice, which oversees US law firms, declined to comment.

Hunter Biden has long struggled with drug addiction and other personal problems.

He was despised in court earlier this year for failing to provide financial information to an Arkansas woman who said she had given birth to his child.

This woman’s attorneys, Lunden Alexis Roberts, said in January that Hunter Biden failed to meet a court-ordered deadline for submitting documents five years ago as part of her application for child support for her then 16-month-old wife Child.

These documents included “a list of all sources of income”, copies of tax returns and a list of companies in which he is involved, court records showed.

Hunter Biden, who initially claimed he never had sex with Roberts, later stopped denying that he was the child’s father.

He closed the case with Roberts in March by agreeing to pay her an undisclosed amount each month for child support and agreeing to maintain health insurance for the child. He also agreed to pay Roberts an undisclosed amount of money, which apparently included her attorney’s fees and expenses.

During the presidential election, Republican Trump and his allies made Hunter Biden a focus of political attack, particularly related to his business dealings in Ukraine and China.

Hunter Biden and his father have denied any wrongdoing related to their overseas business in which Joe Biden was not a part.

Trump, who refuses to admit he lost the election, was charged by the House of Representatives last year for withholding Congress-appropriated military aid to Ukraine when he pressured the nation’s new president to investigate the Biden. Trump was acquitted after a trial by the Senate.

In an interview last week, Joe Biden told CNN that once he took office, he would not try to influence Justice Department decisions.

“It’s not my Justice Department. It’s the People’s Justice Department,” Biden said.

He also said the department “can independently decide who will and who will not be prosecuted”.

The investigation into Hunter Biden comes after Trump’s firm, the Trump Organization, is under criminal investigation by the Manhattan Attorney’s Office for explaining hush payments to women who claim they have sex with Trump. The president has denied having sex with a woman, porn star Stormy Daniels and Playboy model Karen McDougal.

The DA office could also investigate possible tax crimes as well as banking and insurance fraud, as suggested by court records.

Trump is currently battling DA Cyrus Vance Jr.’s efforts to get eight years worth of tax returns and other financial records from the President from his longtime accountants.

At the same time, the New York attorney general’s office is conducting a civil investigation for possible misstatements about the value of Trump Organization real estate. The President’s son, Eric Trump, was recently questioned by investigators from the AG’s office as part of this investigation.

Trump’s daughter Ivanka Trump, a senior White House adviser, was dismissed last week on a lawsuit by the Attorney General in Washington, DC. This AG accuses the Trump Organization, the Trump Inaugural Committee and the Trump International Hotel in this city of “openly and unlawfully misused charitable funds to enrich the Trump family” in connection with the expenditures for the inauguration of Trump 2017 .

According to research by The New Yorker, ProPublica and WNYC, Ivanka Trump and her other adult brother Donald Trump Jr. narrowly avoided criminal charges by Vance’s office in connection with the marketing of the Trump SoHo Hotel in New York in 2012. Vance’s office had investigated whether potential buyers had been misled about the success of the project.

The outlets reported that Marc Kasowitz, an attorney for Ivanka and Donald Jr., donated $ 25,000 to Vance’s re-election campaign and appealed directly to him to drop the case.

– Additional coverage from Mike Calia, Tucker Higgins, and NBC News