Biden’s Bank Accounts: Bigger than Zero

Vice President Joe Biden leaves the Planalto Palace after meeting with Brazilian President Dilma Rousseff in Brasilia, on June 17, 2014.

Photograph by Evaristo Sa/AFP via Getty Images

Vice President Joe Biden leaves the Planalto Palace after meeting with Brazilian President Dilma Rousseff in Brasilia, on June 17, 2014.

Written with Jonathan Allen

The questions that Hillary Clinton has faced about her wealth have given Vice President Joe Biden — another Democrat with an eye on 2016 — an opening to throw an elbow.

Clinton has made millions of dollars with her book sales.

Biden, a self-styled up-from-the-bootstraps politician, a working-class Democrat from Delaware who has spent much of his adult life on the payroll of the U.S. Senate, appeared at a White House Summit on Working Families yesterday, where he boasted:

“I don’t own a single stock or bond…  I have no savings account.”

That’s not what his official financial disclosure says.

The form the vice president filed in mid-May shows calendar year 2013 holdings ranging from $1,001 to $15,000 in a U.S. Senate Federal Credit Union joint savings account, and the same in each of two checking accounts at Suntrust and M&T Bank. It also shows a joint holding of less than $1,001 in a M&T Bank checking account.

A Biden spokeswoman declined to comment today.

The vice president’s wife has some savings and investments, too.

Dr. Jill Biden has been a teacher in their home state of Delaware and more recently at a Northern Virginia community college during his years as vice president.

The vice president’s report shows his spouse’s holding of $50,001 to $100,000 in a Wilmington Savings Fund Society certificate of deposit, and $50,001 to $100,000 in a State of Delaware Deferred Compensation Fidelity Freedom Fund.

It shows his spouse’s holdings in a tax-sheltered annuity, with $1,001 to $15,000 invested in each of several funds: Invesco VI Global Health Care, Dreyfus IP Technology Growth, Guggenheim Investments High Yield, Janus Aspen Enterprise, Janus Aspen Janus Portfolio, Legg Mason Western Asset Variable Global High Yield Bond, MFS VIT Utilities, Guggenheim VT Styleplus Mid-Growth, three separate small-cap, mid-cap and all-cap Guggenheims and a Commonwealth of Virginia Cash Match Fund.


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