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Joe Biden turns his Delaware home into 'personal ATM', earns $4.2mn from $350K property: Report

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Joe Biden turns his Delaware home into 'personal ATM', earns .2mn from 0K property: Report


United States President Joe Biden and First Lady Jill Biden are believed to have treated their various real estate holdings in Delaware as their personal ATM for years by using them for various mortgages and refinancing them for not less than 35 times, according to a report.

The couple, whose reported net worth is $10 million, have allegedly borrowed $6 million against their properties for many years. 

The dealings over their homes in Delaware are likely to have started in the late 1970s just after Joe and Jill got married.

According to a report published in the Daily Mail, the mortgage or credit deals were negotiated by the couple after approximately every 17 months. Such frequent refinancing has left the finance experts puzzled.

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“It doesn’t make a lot of sense unless they were desperate for cash,” said a finance expert, while speaking to Daily Mail.

The revelations made in the report have further added mystery to the financial past of his family as the president faces scrutiny over financial transactions. 

Biden’s murky financial transactions

The current residence of Bidens is a mansion which was purchased in 1996 and has an outstanding $541,000 mortgage after nearly three decades, as per records. 

“Why would anyone view their home as an ATM?” LA realtor Tony Mariotti said while speaking to the Daily Mail.

“Over time, mortgage fees really add up. Paying off a mortgage… is like a forced savings account that bears modest interest,” Mariotti added. 

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As per the records, in 1996 the current four-acre spread was purchased by Bidens for $350,000 and they have since leveraged it with 20 different home credit agreements as well as mortgages totalling $4.23 million.

Watch: US: Biden & Trump prep for key Presidential debate

Bidens’ other major property is a summer home in Rehoboth Beach which was purchased in 2017 for $2.74 million. It was a cash purchase and had no mortgages attached to it.

However, financial records of Bidens show that they have significant debt and have a mortgage on the Wilmington home as well as an equity loan on the same property.

The family’s total liabilities fall between $350,000 and $850,000. Their estimated assets fall between $1 million and $2.6 million.

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According to the records, the Bidens have sanctioned 13 home loans and two credit agreements between 1978 and 1994 which totals $1.72 million.

(With inputs from agencies)

Prisha

Prisha is a digital journalist at WION and she majorly covers international politics. She loves to dive into features and explore different cultures and histories

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Delaware

Delaware announces plan to tackle climate warming emissions

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Delaware announces plan to tackle climate warming emissions


This story is part of the WHYY News Climate Desk, bringing you news and solutions for our changing region.

From the Poconos to the Jersey Shore to the mouth of the Delaware Bay, what do you want to know about climate change? What would you like us to cover? Get in touch.


Delaware’s top environmental regulators have proposed steps to reduce climate-warming fossil fuel pollution, while protecting residents from threats like extreme heat and floods.

The state’s Department of Natural Resources and Environmental Control on Wednesday released its 2025 Climate Action Plan. The nonbinding proposal outlines a path to achieve net zero emissions by 2050, as required by the state’s Climate Change Solutions Act.

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Officials said Delaware residents continue to experience the impacts of climate change including severe storms like the 2021 Hurricane Ida, which forced people out of their homes, with some remaining unhoused a year later. In addition, sea level rise and beach erosion has flooded coastal communities and damaged critical infrastructure.

“Flooding, extreme storms and heat damage infrastructure that wasn’t built to withstand these conditions, including our energy systems,” said Susan Love, the agency’s climate and sustainability section administrator. “Sea level rise is drowning wetlands and uplands, and impacting water quality and availability. Damage from storms has increased costs for infrastructure and insurance coverage, and all of these impacts can negatively impact human health as well.”

Recommendations include strategies to reduce emissions from vehicles, industrial activities and electricity production — the source of the state’s top climate emissions.

The plan, which builds on similar goals set in 2021, comes as President Donald Trump’s administration has cut clean energy funding and prioritized U.S. reliance on fossil fuels.

“There is no doubt that the reduced funding in a lot of these areas from the federal government makes these goals and strategies harder to implement,” said DNREC Secretary Greg Patterson. “It is up to us to keep trying to work towards them, even knowing that it’s going to be a little harder to do without the federal resources that even a year ago we thought we could count on.”

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Delaware officials plan to promote public transit, electric vehicles and clean hydrogen

The plan calls for increased bus and train ridership while improving access to electric vehicles and charging stations. Though lawmakers repealed a mandate that would have required manufacturers to produce a set number of electric vehicles, DNREC wants to expand programs that incentivize the optional sale of electric vehicles.

However, Love emphasized the state “can’t EV our way out of transportation emission.”

“A lot of work needs to be done as well to reduce the amount that we drive vehicles, by good land use choices, mass transit and making it easier for people to walk, bike and roll to their destinations,” she said.



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Delaware

Can you legally ride e-bikes and scooters in Delaware

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Can you legally ride e-bikes and scooters in Delaware


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Sure, cars and motorcycles are popular ways to get around. But if you can’t afford either one, an electric bike might save the day like Delaware’s own Superman.

Then again, is it legal to cruise around on an electric bike or electric scooter in Delaware?

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Here’s a guide to help you stay out of trouble when traveling in the Small Wonder:

What are Delaware laws for riding electric bikes?

An electric bicycle may be ridden anywhere bicycles are allowed (unless posted otherwise), which includes streets, highways, roadways, shoulders and bicycle lanes.

Delaware prohibits anyone under the age of 16 from operating an electric bicycle, which features pedal assist only and tops off at 28 mph.

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Difference between electric scooter, triped and moped explained

A motorized skateboard or scooter is any vehicle with two wheels on the ground, handlebars and a hand-controlled throttle or brake, designed to be stood or sat upon by the operator, according to Delaware law.

While mopeds and tripeds are similar in design and size, mopeds have two wheels and tripeds have three wheels.

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Where can you legally ride motorized vehicles?

Delaware law states that motorized skateboards or scooters can be used on public streets or highways as long as they are in the neutral position or the powertrain function is disengaged. However, in Newark, you can be fined $100 for riding motorized scooters on streets and sidewalks.

Mopeds and tripeds are prohibited on interstates and operating railroads, according to the Delaware Division of Motor Vehicles.

Do you need insurance for a triped or moped?

No motor vehicle insurance is required for operating a moped or triped, according to the Delaware Division of Motor Vehicles.

What rules are there for riding a scooter?

Delaware state law states that a person cannot operate a motorized skateboard or scooter while under the influence of alcohol or any drug.

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Are there license and registration requirements for electric bikes?

If you want to operate scooters, they must be tagged and registered by the Division of Motor Vehicles, and the operator must have a valid driver’s license.

The Delaware DMV states that a basic driver’s license is required to travel with a moped or triped on public roadways.

The state of Delaware does not have any licensing or registration requirements for electric bikes.

Who can legally ride an electric scooter?

The minimum age to operate a scooter is 16.  No person under 12 can operate a scooter unless they are under adult supervision or a parent or legal guardian.

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Is there a law for wearing a helmet on a motorized scooter or skateboard?

To operate a motorized skateboard or scooter, bicycle-type helmets are required for those under 16, according to Delaware State law.

If you have an interesting story idea, email lifestyle reporter Andre Lamar at alamar@gannett.com. Consider signing up for his weekly newsletter, DO Delaware, at delawareonline.com/newsletters



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Delaware County Council chooses new leadership

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Delaware County Council chooses new leadership


Monday also coincided with the swearing-in ceremony of Womack, Controller Louis Rosenthal, District Attorney Tanner Rouse, Sheriff Siddiq Kamara and first-term Councilmember Joanne Phillips.

“I remain inspired by what the voters told me during this election,” Phillips said in the press release. “They told me to keep working hard, use my common sense, keep moving the county forward, implement changes as efficiently and effectively as we can, use our resources wisely, and take care of our people.”

First-term Delaware County Councilmember Joanne Phillips gets sworn in at the induction ceremony on Jan. 5, 2026. (Courtesy of Delaware County Communications and Public Affairs Department)

Among its first orders of business, County Council voted to reappoint Barbara O’Malley as executive director for a two-year term to oversee the day-to-day operations of government departments.

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County Council’s first official meeting is Wednesday.



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