White House Refuses to Say Why Joe Biden Quietly Secured $250,000 Home Equity Line of Credit

 

Karine Jean-Pierre on Wednesday refused to say why Joe Biden secured a $250,000 line of credit against his Rehoboth Beach home.

Joe Biden quietly took out a $250,000 line of credit against his Rehoboth Beach home in December amid his classified documents scandal.

Biden took the line of credit out while his son Hunter is under federal criminal investigation. 

Biden document obtained by Fox News

“Biden acquired the six-figure home equity variable rate line of credit from M&T Bank on Dec. 5, 2022, Sussex County filings show. Biden and his wife, first lady Jill Biden, initially purchased the residence in 2017 for $2.74 million, according to county records.” Fox News reported.

KJP on Wednesday held a press gaggle aboard Air Force One as Biden traveled to Dane County, Wisconsin.

A reporter asked Karine Jean-Pierre what the home equity line of credit was for.

“The president took out a $250,000 line of credit on his house in Rehoboth late last year. Can you say what that was for?” a reporter asked KJP.

“Yeah, I saw reports on that. I would just refer you to the White House Counsel’s Office,” Jean-Pierre said.

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