5 Things We Learned From Joe Biden's Financial Disclosure | Everything The Government Has Done To Rescue The Economy So Far

What do we know about the personal finances of “Middle Class Joe”? Presumptive Democratic nominee Joe Biden filed his annual financial disclosure form last week showing that he and his wife Jill appear to have firmly moved up and out of the middle class with the help of some six-figure speaking engagements. Meanwhile, Biden’s campaign is raking in the cash. In April, his committee raised $43.7 million.

Michela Tindera

Michela Tindera

Staff Writer, Money & Politics

 
5 Things We Learned From Joe Biden’s New Financial Disclosure
 
 
 
5 Things We Learned From Joe Biden’s New Financial Disclosure

Joe Biden earned more than $900,000 in 2019, much of it before he started running for president, according to a financial disclosure form he filed with the Federal Election Commission Friday. Here are five takeaways from the report.

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MIND ON THEIR MONEY
Straight from the Forbes newsroom, our latest coverage of where money is flowing in Washington.

Donald Trump’s presidential campaign raised $16.9 million in April, up from $13.6 million in March.

Joe Biden’s presidential campaign raised $43.6 million in April, which is down from the $46.7 million raised in March.

With another $3 trillion stimulus package on the line, here's everything the government has done to rescue the economy so far.

All 50 states have partially reopened, but a change in several factors could force them to close down again. Here's how states might be prompted to 'reclose.'

President Trump removed State Department inspector general Steve Linick from his post on Friday, part of a recurring theme lately of the president ousting top officials following the end of the impeachment trial in February and the onset of the coronavirus outbreak. Here's our tracker of the top officials Trump has removed since his impeachment.

Secretary of State Mike Pompeo used State Department funds to throw lavish dinners primarily with business executives and media figures in an apparent effort to gain influential friends for a future political run.

A congressional oversight committee found that very little of a $500 billion rescue fund to help business and local governments survive the coronavirus crisis has been spent.

In a rare Sunday interview with “60 Minutes,” Federal Reserve Chairman Jerome Powell laid out his vision for America’s economic recovery—something he said could stretch through 2021— as the coronavirus continues to force business shutdowns and ravage the labor market.

Florida Senator Marco Rubio told Fox News on Wednesday that he believes there is enough support in Congress to extend the eight-week period that Paycheck Protection Program loan recipients have to use the money—this would be a big deal for businesses that may otherwise fail to bounce back before the existing forgiveness period is up.

Top business leaders including Disney Executive Chairman Bob Iger and Salesforce CEO Marc Benioff are urging Congress to send another $1 trillion in emergency relief funding to local governments.

GLOBAL ECONOMY
The biggest international developments affecting markets worldwide.

More than 100,000 new Covid-19 cases were reported to the World Health Organization over the previous 24 hours on Wednesday, the most in one day since the start of the pandemic.

The World Bank Group announced in a statement Tuesday that 60 million people could fall into extreme poverty due to the Covid-19 coronavirus pandemic, which would erase three years of progress globally.

Daily carbon emissions have plummeted since Covid-19 lockdowns took effect—backing up earlier predictions that the pandemic could lead to the largest decline since World War II—but experts are still unsure if the changes will last long enough to make real progress in curbing climate change.

Chinese companies must play by American rules or be banned from U.S. exchanges, senate rules. The new bill passed by the Senate would force Chinese companies to certify that “they are not owned or controlled by a foreign government.”

New Zealand has gone days with no new Covid-19 cases, just as a new poll named Prime Minister Jacinda Ardern the country’s most popular leader in 100 years thanks to her pandemic response.

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