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President Joe Biden took out a still-unexplained and strangely timed $250,000 line of credit on his Delaware beach house as investigations into the shady business dealings of his son, Hunter, continue to ramp up, on top of continuing questions about his own looming classified document scandal.
Early last month, it was reported that Biden signed the papers on Dec. 5 for a home equity variable rate line of credit from M&T Bank against his $2.74 million Rehoboth, Delaware, beach house, Fox News reported.
In yet another example of a lack of transparency from this White House, despite public knowledge of the loan for nearly a month, Biden’s communications team has ignored all media questions about what the loan is supposed to pay for or why it was taken out by the president.
The White House did confirm the loan, but has refused to answer any follow-up questions.
Indeed, during a session aboard Air Force One last month, Biden press secretary Karine Jean-Pierre was quizzed on the loan directly, but instead of answering, she pawned off the query to another branch of the White House.
“Yeah, I saw reports on that,” Jean Pierre said, according to Fox News. “I would just refer you to the White House Counsel’s Office.”
However, to date, the White House Counsel’s Office has refused to answer any questions about the loan.
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