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Sens. Grassley, Johnson allege $100,000 payment from Chinese oligarchs to Hunter Biden, provide receipt

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Sens. Grassley, Johnson allege 0,000 payment from Chinese oligarchs to Hunter Biden, provide receipt

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Republican Sens. Chuck Grassley and Ron Johnson took to the Senate flooring on Monday to sound the alarm about what they are saying are troubling monetary entanglements between President Biden’s son Hunter and the Chinese language authorities. 

“Over the course of our investigation into how Hunter Biden used his father’s place and identify to complement himself and his household, the dishonest press revealed numerous tales reporting on the Democrats’ false cost that we had been soliciting and disseminating Russian disinformation,” Johnson stated on Monday. “As soon as we issued our September and November 2020 studies, which had been primarily based nearly solely on U.S. sourced paperwork and interviews with U.S. residents, the media largely ignored it.  Once they did write a narrative on it, they declared that our studies discovered nothing new. A basic media cover-up.”

The New York Occasions lastly confirmed the authenticity of Hunter Biden’s notorious laptop computer this week however critics really feel it was too little, too late by the liberal newspaper.  
((Randy Holmes by way of Getty Pictures))

AUTHOR SAYS NEW YORK TIMES, TWITTER BURYING INFAMOUS LAPTOP STORY HELPED DISTRACT FROM BIDEN FAMILY CORRUPTION

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Johnson defined that “the false assaults haven’t deterred us.”

“That’s why we’re presenting extra proof at present and over the subsequent few days,” he continued. “For instance, that is the primary time this doc is being made public. It reveals that cash from CEFC – which is successfully an arm of the Chinese language Authorities – went on to Hunter Biden.”

In accordance with a receipt offered by the senators, the state-controlled Chinese language vitality firm CEFC paid Wells Fargo Clearing Companies $100,000 with “additional credit score” going to Owasco, Hunter Biden’s agency.

WASHINGTON, DC - FEBRUARY 28: U.S President Joe Biden gives remarks at a Black History Month celebration event.

WASHINGTON, DC – FEBRUARY 28: U.S President Joe Biden offers remarks at a Black Historical past Month celebration occasion.
(Anna Moneymaker/Getty Pictures)

“CEFC operated below the guise of a personal firm however was for all intents and functions an arm of the Chinese language authorities,” Grassley stated. “Hunter Biden and James Biden served as the right car by which the communist Chinese language authorities may achieve inroads right here in america by means of CEFC and its associates.”

Grassley stated the 2 senators would reveal new information within the coming days displaying extra connections between Hunter Biden and the Chinese language authorities.

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“Financial institution information like this piece of proof are fairly exhausting to disclaim and sweep below the rug. Our studies had been chocked stuffed with irrefutable proof like this. And but, the media buried these particulars, in an try and preserve it hidden from the American folks,” Johnson stated.

The White Home didn’t instantly reply to a request for remark from Fox Information.

RON JOHNSON BLASTS MAINSTREAM MEDIA FOR IGNORING HUNTER BIDEN REPORT: ‘WE WERE RIGHT, THEY WERE WRONG’

Grassley and Johnson beforehand tied Hunter Biden to Chinese language oligarchs of their 2020 Senate report together with an occasion the place he allegedly “opened a checking account” which “financed a $100,000 international spending spree” for the previous vice chairman’s brother, James Biden, and his spouse, Sara Biden.

The New York Occasions lately confirmed the New York Put up’s much-maligned unique reporting main as much as the 2020 presidential election that info discovered on Hunter Biden was official. 

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James and Sara Biden arrive at the White House to attend the State Dinner for South Korea, Thursday, Oct. 13, 2011, in Washington. 

James and Sara Biden arrive on the White Home to attend the State Dinner for South Korea, Thursday, Oct. 13, 2011, in Washington. 

The Biden administration has claimed for nearly two years that claims the laptop computer was actual had been a part of a Russian disinformation marketing campaign and White Home Press Secretary Jen Psaki lately dodged a number of questions on these previous claims.

A ballot carried out shortly after the presidential election confirmed that 17% of Biden voters wouldn’t have voted for him if they’d identified in regards to the contents of Hunter Biden’s laptop computer after they forged their votes.

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Social media critics rip Walz for celebrating Minnesota football rival, remind him he was booed: 'No loyalty'

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Social media critics rip Walz for celebrating Minnesota football rival, remind him he was booed: 'No loyalty'

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Minnesota Gov. Tim Walz attended the Michigan-Minnesota game on Saturday, and was subsequently slammed on social media for a post celebrating his home state’s rival hours after he was booed by college football fans. 

“I’ll always be a Minnesota guy. But after meeting some great people at the Big House, I must admit – Michiganders know how to host a good game day,” Walz posted to his X account following the game. 

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Walz’s appearance at the game was underscored by a viral social media video showing college football fans booing his motorcade on Saturday as it made its way to the stadium. 

“VP Candidate Tim Walz p—ed off Michigan fans,” a TikTok user captioned the video that has racked up more than 1.5 million views on TikTok alone.

NOT MINNESOTA NICE: GOP CONGRESSMAN PLAYING TIM WALZ IN DEBATE PREP WITH JD VANCE ARGUES HE’S AN ‘EMPTY SUIT’

Minnesota Gov. Tim Walz speaks on stage during the Democratic National Convention on Aug. 21, 2024, in Chicago. (Chip Somodevilla/Getty Images)

Michigan fans were seen booing, shouting “Tampon Tim” and “Get out of here” at the Minnesota governor. The fans allegedly began booing due to Walz’s security detail keeping fans in the rain for 30 minutes as he made his way through security, the New York Post reported. 

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EXPERTS PREVIEW VANCE-WALZ DEBATE, SAY USUALLY ‘FORGETTABLE’ VP BOUT ‘MIGHT BE DIFFERENT’ THIS TIME

Walz at Michigan game

Minnesota Gov. Tim Walz, wearing a camouflage hunting cap, greets students from U-M after his flight arrived in the rain at Willow Run Airport on Saturday, Sept. 28, 2024. (Paul Egan/Detroit Free Press / USA Today Network via Imagn Images)

Following Walz posting about his visit to the “Big House” and lauding his state’s rival, critics ripped him for not being loyal to his home state’s team and reminded him that he was booed while making his way to the game. 

WHICH PRESIDENTIAL CANDIDATE HOLDS THE EDGE ON THE ECONOMY?

The University of Michigan notched a 27-24 victory over its Minnesota rival in the Little Brown Jug game on Saturday. The Democratic vice presidential candidate also attended a Michigan tailgate ahead of the game, the New York Post reported. 

WALZ ROASTED AFTER DECLARING ‘WE CAN’T AFFORD FOUR MORE YEARS OF THIS’ AT RALLY

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Tim Walz, JD Vance

Minnesota Gov. Tim Walz and Ohio Sen. JD Vance (Getty Images)

“A little rain can’t keep us from the big Michigan-Minnesota game! And it’s not gonna stop these students from making sure that everyone on their campus is registered to vote,” Walz posted on X ahead of the game, flanked by supporters. 

Walz has been preparing for his debate against Republican challenger Vance on Tuesday. The Saturday game is anticipated as his last high-profile public appearance ahead of the debate. 

Get the latest updates from the 2024 campaign trail, exclusive interviews and more at our Fox News Digital election hub.

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Newsom signs bill to ban octopus farming in California

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Newsom signs bill to ban octopus farming in California

Gov. Gavin Newsom signed a bipartisan bill Friday making it a crime to farm octopuses for human consumption in California.

The new law makes it illegal to raise and breed octopuses in state waters or in aquaculture tanks based on land within the state. It also prevents business owners and operators from knowingly participating in the sale of an octopus — regardless of its provenance — that has been raised to be eaten by people.

The text of the law recognizes that octopuses are “highly intelligent, curious, problem-solving animals” that are conscious, sentient and experience “pain, stress, and fear, as well as pleasure, equanimity, and social bonds.” It goes on to note that in research studies, these eight-legged marine invertebrates have demonstrated long-term memory as well as the ability to recognize individual people.

In one experiment, eight giant Pacific octopuses were introduced to two people over a two-week period at the Seattle Aquarium. One of them always approached with food in hand, which they gave to the octopuses. The other carried a bristly stick, with which they used to scratch the cephalopods’ sensitive skin.

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At the end of two weeks, the octopuses’ responses to the two people were significantly different. When the stick-carrier approached, the animals would move away and line up their water jets toward the offender so they could make a quick get-away if necessary. But when feeder came calling, they ambled up to the side of the tank and turned their jets away.

Proponents of the new law said it positions California as a leader in humane aquaculture. They point to a growing body of research that shows raising octopuses for food is cruel, inefficient and detrimental to the environment.

California is now the second state — after Washington — to prohibit octopus farming. Similar legislation has also been introduced in the U.S. Senate and in Hawaii.

“We know that what happens in California has an impact on what happens federally,” Jennifer Jacquet, a professor of environmental science and policy at the University of Miami, said when the bill cleared the legislature. “Americans want to keep octopuses wild.”

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Trump, Harris blasted for ignoring exploding budget deficit, as economists plead with both to 'get real'

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Trump, Harris blasted for ignoring exploding budget deficit, as economists plead with both to 'get real'

Economists told Fox News Digital that the economic proposals former President Donald Trump and Vice President Kamala Harris have put forward would continue to increase the nation’s already ballooning budget deficit, noting that neither candidate seems particularly concerned with fiscal responsibility.

Neither Trump nor Harris has released dedicated policy plans for addressing the nation’s deficit. Trump’s 16-point policy plan on his website mentions the word “deficit” once. 

Meanwhile, Harris’ economic platform does mention the deficit several times and says Harris is “committed” to fiscal responsibility, but only suggests increasing taxes on the wealthy and corporations as a solution.

“I think the reason neither candidate is really talking about fiscal responsibility is because neither candidate is fiscally responsible,” said Tax Foundation senior economist Erica York. “Both have left a lot of details unspecified, so there’s questions still about how Harris’s spending policies would stack up. Would Trump really repeal all of the green energy tax credits? Would he really impose all of the tariffs he’s promised?”

When asked what message York had for Trump and Harris when it comes to the deficit, she told them to “get real.”

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HARRIS CALLS TRUMP ‘ONE OF THE BIGGEST LOSERS EVER’ DURING ECONOMY SPEECH IN KEY BATTLEGROUND

“We face several challenges on the fiscal policy front, from debt and deficits to the need to compete with China, to the need to encourage entrepreneurship and work, and neither of the tax policy visions being outlined right now really come close to providing an answer to those challenges,” York said.

Rep. Thomas Massie, a Republican from Kentucky, wears a homemade national debt clock pin on Capitol Hill on Jan. 26, 2023.

Meanwhile, Kimberly Clausing, an economist with the Peterson Institute for International Economics, echoed York’s concerns, adding that she “does not think there’s been enough attention on the deficit this campaign season.”

“I don’t know whether to blame the candidates or the American attention span,” Clausing said. “Candidates have an incentive to cater to what the population wants to listen to, but there doesn’t seem to be a big drumbeat in favor of fiscal responsibility. And that’s a big contrast from some prior elections in at least my lifetime, where that issue was much more prominent.”

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So far, in fiscal year 2024, the government is running a cumulative deficit of $1.9 trillion, according to the Bipartisan Policy Center’s “Deficit Tracker.” 

Revenues, meanwhile, have increased 11% through last month. The revenue increase, according to the deficit tracker, is largely the result of an increase in individual and corporate taxes, higher interest rates and a 20% decrease in individual income tax refunds. Trump’s economic proposals include extending tax cuts, reducing the corporate tax rate and exempting tips, overtime pay and social security benefits from one’s taxable income. Despite his plan to generate revenue through tariffs and repealing green energy tax credits, economists say it will not be enough to balance out the lost revenues from Trump’s tax cuts and other economic proposals.

Research from the Tax Foundation, a tax policy nonprofit in the nation’s capital, estimated that Trump’s deficit impact would be roughly a $4 trillion increase over ten years.

TRUMP, HARRIS SPENDING PLANS COULD WEIGH ON THE US ECONOMY, ANALYSIS SHOWS

However, according to Heritage Foundation economist Richard Stern, it is government spending and not tax cuts that are the real culprit when it comes to the ballooning deficit.  

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“Though tax cuts can increase the deficit, it returns that money to the people that earned it. Deficit increases from more spending, on the other hand, means that the government is stealing even more and suppressing growth even more intensely,” Stern said. “Deficits created by way of tax cuts and spending increases are not the same. Tax cuts grow the economy and shrink deficits as a share of the economy, whereas more spending strangles the economy and stunts growth.”

Treasury Department facade

The Treasury Department is seen near sunset in Washington. (AP Photo/Jon Elswick, File)

The Biden-Harris administration’s fiscal year 2024 budget proposed the highest sustained levels of spending in U.S. history, according to Republicans on the House Budget Committee. The committee also pointed out that the administration’s plan to add $82.2 trillion in spending over ten years, is 18% more than the historical average of the past half century.  

Since becoming the Democratic Party’s official nominee for president, Harris has said she will provide $25,000 housing subsidies for first-generation home buyers, implement $100 billion in tax credits for the manufacturing sector and increase small business tax credits by tenfold. She has also suggested support for increasing government spending to support families’ child care needs, while also expanding the child tax credit, among other proposals.

Overall, the Tax Foundation calculated that Harris would grow the deficit by roughly $1.5 trillion over ten years. 

BIDEN PLEDGES $7.3B IN ‘CLEAN ENERGY’ SPENDING WITH NATIONAL DEBT AT $35T

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Among the deleterious downstream effects of an ever-growing deficit, according to Clausing, are increased interest rates and reduced creditworthiness for the country, which can be problematic at a time when global tensions are on edge. 

“If a new crisis comes along, whether it’s a pandemic or a national security crisis or a big recession, which are sometimes caused by things beyond our control. You know, those kinds of crises are really difficult to respond to without fiscal space,” Clausing said. “If you’re starting from a point where you’re kind of maxing out the credit card, it’s a little harder to respond to these emergencies.” 

Currently, China and Japan are the United States’ two largest foreign creditors.

Trump and Harris split

Former President Trump and Vice President Kamala Harris (Getty Images)

When reached by Fox News Digital, the Harris campaign declined to comment. 

The vice president was endorsed this week by more than 400 left-leaning economists and former policymakers who served under Democrats. Additionally, Andrew Ross Sorkin, a financial columnist with the New York Times, insisted this week that Harris will be able to get much closer to balancing the national budget than Trump. 

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When it comes to the electorate, voters have usually told pollsters they have more confidence in Trump than Harris when it comes to the economy, but reports have indicated Harris is gaining some of that ground back more recently. Trump’s advantage over Harris on the economy stands at only five points in a recent Fox News poll, and just two points in an AP/NORC survey.

“Dangerously Liberal Kamala Harris’ budget would add $17 trillion to the national debt by 2034 and also includes a $4.9 trillion tax hike — the largest in history — which would cost every American family nearly $40,000 per year, on top of the costs of record-high inflation,” Trump Campaign National Press Secretary Karoline Leavitt told Fox News Digital. “Thanks to Kamalanomics, families are already struggling to afford gas and groceries, and President Trump will continue to highlight how Harris’ budget will compound these difficulties on hardworking Americans.” 

Get the latest updates from the 2024 campaign trail, exclusive interviews and more at our Fox News Digital election hub.

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