How come Joe never learned about how other Democrats in federal positions were able to “find” millions for their bank accounts? Former President Biden’s family is facing financial difficulties as their long-term income streams dry up, prompting new public appearances that some analysts believe are financially motivated. The House Oversight Committee revealed that the Biden family received $1.3 million from accounts linked to associate Rob Walker, the money coming from Chinese energy companies.
Chinese Money Trail Uncovered
The House Committee on Oversight and Accountability released a memorandum detailing financial transactions between the Biden family and Chinese entities. According to committee findings, Biden family members and their associated companies received approximately $1.3 million from accounts connected to Rob Walker, a Biden family associate, between 2015 and 2017. The investigation revealed that on March 1, 2017, State Energy HK Limited, a Chinese company, wired $3 million to Walker’s company, with approximately one-third of those funds eventually reaching various Biden family members.
Committee documents show that the day after the initial $3 million transfer, $1,065,000 was wired to a company associated with James Gilliar, another Biden family associate. From there, the money was distributed to multiple Biden family members through a series of transactions. The committee’s investigation has raised questions about what services were provided in exchange for these substantial payments from foreign entities.
The Biden family is urgently seeking fresh revenue streams now that their financial faucet has been shut off#Trump47 pic.twitter.com/axfASQVZNJ
— Sandy (@SD73660) May 9, 2025
Financial Pressure Driving Public Appearances
Former President Biden has been increasing his public visibility following the Democratic defeat in November’s election. His recent interview with the BBC and appearance on “The View” represent what some observers characterize as attempts to both defend his legacy and generate income. Biden has reportedly enlisted media coaching from a former Pentagon spokesman to help navigate these appearances, which have focused heavily on criticizing the Trump administration while defending his own record in office.
“Biden Inc. needs a source of revenue,” said political journalist Mark Halperin. “The trough is empty, the spigot is turned off.”
Analysts have pointed out that the Biden family’s previous revenue streams have diminished significantly since leaving office. Hunter Biden’s earning capacity has been questioned, with reports suggesting his past income was largely connected to his father’s political influence. The family now faces challenges maintaining their lifestyle without access to the same financial networks they previously relied upon.
A source “very familiar with the Bidens” tells @MarkHalperin that “Biden Inc.,” the family business that generated millions of dollars in revenue to support their lifestyle, has dried up. “The trough is empty, the spigot is turned off,” says Mark. “Biden Inc. needs a source of… pic.twitter.com/T1CVgO7p4Z
— 2WAY (@2waytvapp) May 8, 2025
National Security Concerns Raised
The House Oversight Committee has expressed concern about potential national security implications resulting from the Biden family’s financial connections to foreign entities. The investigation is attempting to determine whether these business relationships could compromise former President Biden or represent ongoing security concerns. Chairman James Comer has been particularly vocal about the need to follow financial trails to their conclusion.
Former White House Press Secretary Sean Spicer offered a blunt assessment of the situation, stating simply that “the grift is over.” This characterization suggests that mechanisms that previously generated income for the Biden family are no longer operational, creating financial pressure that may be influencing the former president’s current public relations strategy. While many Americans have moved on from the Biden presidency, financial concerns appear to remain front and center for the family.