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November 30, 2015

Posts in "Joe Biden"

September 23, 2015

As Pope Speaks to Congress, Watch Boehner, Biden

Pope Francis Barack Obama White House

Pope Francis and Obama share a moment Wednesday at the White House (Al Drago/CQ Roll Call File Photo)

Pomp, circumstance, a pope and politics will collide Thursday morning.

When Pope Francis speaks to the Congress in the House chamber, the faces of the two Catholics seated immediately behind him will tell the tale of his appeal.

(WATCH LIVE NOW : Pope Francis’ Address to Congress)

While their politics are very different, Vice President Joseph R. Biden Jr. and Speaker John A. Boehner are both known for wearing their hearts on their sleeves, and each will be tested by what the pope says. Full story

June 2, 2015

Obama to Deliver Eulogy at Beau Biden Burial Mass

Beau Biden

(CQ Roll Call File Photo)

President Barack Obama will deliver a eulogy Saturday at Beau Biden’s burial Mass in Wilmington, Del., Vice President Joseph R. Biden Jr.’s office announced. Full story

By Steven Dennis Posted at 1:03 p.m.
Joe Biden

March 9, 2015

Joe Biden Plays a Home Game at Firefighters Conference

Biden speaks during the International Association of Fire Fighters Legislative Conference General Session at the Hyatt Regency. (Tom Williams/CQ Roll Call)

Decades ago, a young Democrat running for Senate said that in Delaware, there are really three political parties: “Democrats, Republicans and firefighters.”

And Vice President Joseph R. Biden Jr. has been a favorite of career and volunteer firefighters alike ever since, so when he was scheduled to speak Monday to an audience of unionized firefighters from across the nation gathered in Washington, he was playing as close to a home game as he could get outside of Delaware (or Scranton, Pa.). Full story

October 7, 2014

Biden Botches Minimum Wage Stats (Updated)

(Bill Clark/CQ Roll Call File Photo)

(Bill Clark/CQ Roll Call File Photo)

Updated 3:33 p.m. | Vice President Joseph R. Biden Jr.’s trip to Los Angeles to talk up a minimum wage increase was marred by a misstatement about the impact of said wage hike.

Biden appeared to confuse his talking points; the White House claims increasing the minimum wage to $10.10 an hour would give 28 million people a raise. Biden said it would lift 28 million people “out of poverty.” Big difference.

“If we raise the minimum wage nationally to $10.10, that takes 28 million people out of poverty: 28 million people out of poverty,” Biden repeated.

The Congressional Budget Office earlier this year predicted a $10.10 minimum wage would lift about 900,000 people out of poverty. Full story

May 15, 2014

Biden Refinances Mortgage, Saves a Bundle

Biden is saving thousands after refinancing his mortgage. (Bill Clark/CQ Roll Call)

Biden is saving thousands after refinancing his mortgage. (Bill Clark/CQ Roll Call)

Vice President Joseph R. Biden Jr. refinanced his home and two home equity lines of credit in 2013, securing super-low mortgage rates that will save him thousands of dollars a year.

Biden was generally been among the poorer senators, but his family finances appear to have improved of late, judging by a review of his financial disclosure forms.

In 2013, he paid off a mortgage on his Delaware home with a 4.625 percent interest rate with a new, 30-year mortgage with a super-low 3.375 percent rate from TD Bank, which has a Canadian parent company.

The mortgage is somewhere between $500,000 and $1 million, and includes a rental property. Saving 1.25 percent on $500,000 would amount to more than $6,000 in savings a year, although after-tax savings would be less because of the mortgage interest deduction.

He also paid off two home equity lines of credit each worth more than $100,000 and took out a new home equity line of credit worth more than $250,000.

The old home equity lines featured interest rates of 4.49 percent and a prime interest rate, respectively.

The new home equity line features a super-low 2.75 percent interest rate and a 20-year term, also from TD Bank. That should save Biden thousands more each year.

Biden, 71, would be more than 100 years old when the 30-year mortgage is paid off, if it isn’t paid off early.

Obama, meanwhile, continues to pay above-market interest rates on his mortgage on his Chicago home — 5.625 percent. We noted a few years back that while Obama had urged a massive refinancing program to bolster the economy, he hadn’t yet taken advantage of low interest rates to refinance himself.



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By Steven Dennis Posted at 5:54 p.m.
Joe Biden

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