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Six additional Biden family members ‘may have benefited’ from Hunter business dealings

Six additional Biden family members ‘may have benefited’ from Hunter business dealings

Residence Oversight Committee Chairman James Comer claimed Monday he has determined “6 more associates” of the Biden loved ones who “may possibly have benefited” from Biden family small business dealings and vowed to carry on to investigate no matter if individuals dealings pose a “countrywide stability threat.”

Comer, R-Ky., and associates of the committee, like Rep. Marjorie Taylor-Greene, R-Ga., frequented the Treasury Office Monday to view economic information relevant to the Biden loved ones and their previous business associates as aspect of their investigation.

BIDEN Relatives Acquired A lot more THAN $1M FROM HUNTER Affiliate Just after 2017 CHINA WIRE: Home OVERSIGHT

“Thousands of webpages of economical documents connected to the Biden family members, their corporations, and associates’ small business techniques have been built offered to associates of the Residence Committee on Oversight and Accountability, which confirm the significance of this investigation,” Comer mentioned in a statement Monday afternoon.

James Comer

FILE: House Oversight and Accountability Committee Chairman James Comer, R-Ky., pauses for inquiries in the House Regulations Committee as he advances a GOP energy to disapprove of action by the District of Columbia Council on a area voting legal rights act and a felony code revision, at the Capitol in Washington, Feb. 6, 2023. (AP Image/J. Scott Applewhite)

“The Biden spouse and children business is centered on Joe Biden’s political job and connections, and it has generated an exorbitant amount of money of money for the Biden family,” Comer claimed.

Right after examining files, Comer claimed the panel has “determined six extra associates of Joe Biden’s relatives who may perhaps have benefited from the Biden family’s firms that we are investigating, bringing the whole number of those people associated or benefiting to 9.”

HUNTER BIDEN: SUBPOENAED Financial institution OF The usa Documents OPENED ‘NEW AVENUES’ OF INVESTIGATION, Property OVERSIGHT States

“The Oversight Committee will go on to go after added lender records to abide by the Bidens’ tangled web of money transactions to figure out if the Biden family has been targeted by foreign actors and if there is a national protection danger,” Comer explained, vowing to “quickly supply the general public with far more facts about what we’ve uncovered to day.”

He additional: “The American people require transparency and accountability, and the Oversight Committee will provide substantially essential answers.”

Joe Biden waving with Hunter Biden

ABC, NBC and CBS have fully skipped new unflattering breaking news linked to President Biden’s son, Hunter Biden, according to a new study from the Media Investigation Center.  (NICHOLAS KAMM/AFP by using Getty Illustrations or photos)

The White Residence did not quickly react to a request for comment.

The viewing of the added monetary documents arrived right after the Treasury Office past month notified Comer that it would give the committee “in digital camera access” to suspicious exercise experiences (SARs) similar to Hunter Biden and the Biden family’s international small business specials.

The Treasury Department declined to comment on the subject, on the other hand, in past letters, the company has noted this is regulation enforcement-delicate knowledge and safeguarded by Financial institution Secrecy Act.

Previous thirty day period, Fox News Electronic claimed that customers of the Biden relatives gained a lot more than $1 million in payments from accounts connected to Hunter Biden business associate Rob Walker and their Chinese company ventures in 2017, in accordance to economical information subpoenaed by the Dwelling Oversight Committee.

House OVERSIGHT COMMITTEE SUBPOENAS Banking institutions, BIDEN Relatives ASSOCIATES IN PROBE OF Funds

People documents ended up obtained soon after the committee subpoenaed Lender of America, which exposed that “at minimum a few loved ones users” received beneficial payments from a lender account belonging to Walker. That account is labeled as “Robinson Walker, LLC,” and a single of the loved ones associates is Hallie Biden, the widow of President Biden’s son Beau.

A spokesperson for Hunter Biden’s authorized group verified the payments previous month, but stressed that the accounts “belonged to Hunter, his uncle and Hallie – no one else.”

Hunter Biden and family go for ice cream in Los Angeles

Hunter Biden, son of President Biden, stops to get ice product with his relatives in Los Angeles, Aug. 22, 2022. (BACKGRID United states)

Fox Information has confirmed that the Oversight Committee has subpoenaed Financial institution of America, Cathay Bank, JPMorgan Chase, and HSBC Usa N.A., as effectively as former Hunter Biden small business affiliate Mervyn Yan, asking for fiscal data related to its investigation. 

Fox Information first described in 2020 that the federal investigation into Hunter Biden’s “tax affairs” began amid the discovery of SARs concerning resources from “China and other international nations.”

At the time, a Treasury Department official, who did not comment on the investigation, informed Fox News that SARs are filed by financial institutions “if there is anything out of the normal about a specific transaction.”

COMER Calls for BIDEN Accurate HIS ‘DISHONEST’ DENIAL THAT Loved ones Obtained $1M FROM HUNTER’S CHINA Offer

Fox Information first noted the existence of some variety of investigation involving Hunter Biden in Oct 2020, in advance of the final presidential election. It became acknowledged then that the FBI had subpoenaed the laptop purportedly belonging to Hunter Biden in the study course of an existing money laundering investigation.

Hunter Biden confirmed the investigation into his “tax affairs” in December 2020, just after his father was elected president.

The investigation is staying led by Trump-appointed Delaware U.S. Lawyer David Weiss.

Brooke Singman is a Fox Information Electronic politics reporter. You can reach her at Brooke.Singman@Fox.com or @BrookeSingman on Twitter.

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White House announces sale of additional 20 million barrels of oil from Strategic Petroleum Reserve

White House announces sale of additional 20 million barrels of oil from Strategic Petroleum Reserve

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The White Property declared Tuesday that the Office of Strength will be issuing a see to promote 20 million additional barrels of oil for the Strategic Petroleum Reserve as part of the Biden administration’s effort and hard work to carry gas prices down.

This can make the fifth these types of sale that President Biden has authorized. The White Property continued to blame “disruptions posed by Russia’s invasion” for the higher price ranges when professing that the Biden administration’s actions are earning a huge variation.

“In actuality, the Department of the Treasury estimates that as a consequence of these drawdowns both equally domestically and internationally, the cost at the pump for People in america is up to about 40 cents per gallon decreased than it if not would have been,” the White House mentioned in its announcement.

While gasoline price ranges are down substantially considering the fact that a recent countrywide average selling price of much more than $5 for each gallon in June, the regular as of Tuesday was still $4.327, in contrast to $3.156 from a single yr back, and close to $2.39 when Biden to start with took business office in January 2021.

BUTTIGIEG HIGHLIGHTS DECLINING Fuel Charges Soon after SUGGESTING THEIR Increase WAS Good FOR TRANSITIONING TO EVS

Strategic oil reserve pipes

A maze of crude oil pipes and valves is pictured in the course of a tour by the Office of Power at the Strategic Petroleum Reserve in Freeport, Texas, on June 9, 2016. (Richard Carson / Reuters Pics)

Republicans slammed the White House following preceding revenue from the Strategic Petroleum Reserves right after it was manufactured identified that millions of barrels ended up staying despatched to European and Asian nations, like China.

“The American men and women are entitled to answers as to why our emergency vitality reserves are remaining sent to overseas adversaries like the Chinese Communist Occasion, compromising our vitality security and countrywide safety,” Home Electrical power and Commerce Committee Position Member Cathy McMorris Rodgers advised Fox News Electronic in a statement.

Navellier & Associates founder Louis Navellier warns the plan is not a extended-phrase remedy to addressing soaring gas rates.

Slipping Fuel Costs COULD ‘STALL OUT’ Owing TO Specific Elements, GASBUDDY ANALYST WARNS

The White Home also declared that the Section of Energy is proposing a rule alter regarding how the federal government acquires oil for the strategic reserve. The new rule, if adopted, would permit preset-selling price contracts as nicely as index-cost contracts. The present-day rule needs acquire costs to be established by a cost index, with the price paid being primarily based on market place costs at the time of supply.

The Schork Group principal Stephen Schork argues ‘the more critical the economic downturn is, the increased that pull on cost will be.’ 

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“This proposal, if finalized as proposed, would really encourage in the vicinity of-time period manufacturing, advertise sector steadiness, and place the federal authorities in a improved position to respond to foreseeable future market volatility,” the White Property claimed.

Fox Business’ Thomas Catenacci contributed to this report.

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DOD Financial Management: Additional Actions Would Improve Reporting of Joint Strike Fighter Assets

DOD Financial Management: Additional Actions Would Improve Reporting of Joint Strike Fighter Assets
Department of Defense The Under Secretary of Defense for Acquisition and Sustainment together with the F-35 Program Executive Officer, and in coordination with the Under Secretary of Defense (Comptroller), should develop and document a comprehensive strategy to address the JSF material weakness. The strategy should include (1) complete, detailed procedures; (2) time frames based on an analysis of the time needed to accomplish the procedures; and (3) resources required to design and implement the procedures. (Recommendation 1)

Open

When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Department of Defense The Under Secretary of Defense for Acquisition and Sustainment together with the F-35 Program Executive Officer should develop and document a plan for verifying the completeness of JSF assets recorded in its APSR, including conducting an analysis and documenting the results on the feasibility of performing a wall-to-wall inventory to capture all JSF assets. (Recommendation 2)

Open

When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Department of Defense The Under Secretary of Defense for Acquisition and Sustainment together with the F-35 Program Executive Officer should develop procedures for performing physical inventories of JSF assets held at DOD and international partner facilities. To the extent that the procedures include the F-35 JPO relying on these facilities’ staff to perform the physical inventory counts, the office should develop and document a plan that describes how the F-35 JPO plans to review the results of these inventory procedures in order to verify the existence and completeness of the recorded amounts of JSF assets at these locations. (Recommendation 3)

Open

When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Department of Defense The Under Secretary of Defense for Acquisition and Sustainment together with the F-35 Program Executive Officer should develop procedures for performing periodic physical inventories once the initial inventory count has been completed, including how DOD will assess the resources and time needed to conduct the inventories and any sampling methodology intended to be used. (Recommendation 4)

Open

When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Department of Defense The Under Secretary of Defense for Acquisition and Sustainment together with the F-35 Program Executive Officer should develop procedures that outline the steps to periodically capture and verify the accuracy and completeness of JSF asset data from contractors and other DOD sources to be recorded in DPAS until a direct interface with the prime contractors’ systems has been established. (Recommendation 5)

Open

When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Department of Defense The Under Secretary of Defense for Acquisition and Sustainment together with the F-35 Program Executive Officer should finalize the business rules within DPAS to identify and populate default characters for missing data elements in JSF asset property records. (Recommendation 6)

Open

When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Department of Defense The Under Secretary of Defense for Acquisition and Sustainment together with the F-35 Program Executive Officer, and in consultation with the Under Secretary of Defense (Comptroller), should finalize and implement procedures to calculate deemed cost for all JSF assets that lack documentation of historical cost data. The procedures should include the preferred deemed cost valuation methodologies and steps to prepare and retain supporting documentation for all property records created using deemed cost. (Recommendation 7)

Open

When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Department of Defense The Under Secretary of Defense for Acquisition and Sustainment together with the F-35 Program Executive Officer should develop procedures to capture and record new JSF asset transactions and retain supporting documentation to support the recorded transactions after beginning balances are recorded using deemed cost. (Recommendation 8)

Open

When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Department of Defense The Under Secretary of Defense for Acquisition and Sustainment together with the F-35 Program Executive Officer should identify a complete list of JSF software applications that meet DOD’s reporting criteria. (Recommendation 9)

Open

When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Department of Defense The Under Secretary of Defense for Acquisition and Sustainment together with the F-35 Program Executive Officer should develop policies and procedures to record and report new JSF internal-use software development costs. (Recommendation 10)

Open

When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Department of Defense The Under Secretary of Defense for Acquisition and Sustainment together with the F-35 Program Executive Officer should analyze the significance of purchase-related subsequent transportation costs on financial reporting of JSF asset balances. As needed, the office should either document the decision and rationale for not capturing these costs or develop policies and procedures for capturing and recording JSF asset purchase-related subsequent transportation costs for financial reporting. (Recommendation 11)

Open

When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Department of Defense The Under Secretary of Defense for Acquisition and Sustainment, in collaboration with the Under Secretary of Defense (Comptroller), should determine and document whether information on joint programs needed for reporting purposes is sufficiently maintained and whether a central data source and standard definition would be appropriate to help ensure consistent, complete, and accurate tracking, recording, and reporting of joint program information. (Recommendation 12)

Open

When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

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VA Financial Management System: Additional Actions Needed to Help Ensure Success of Future Deployments

VA Financial Management System: Additional Actions Needed to Help Ensure Success of Future Deployments

What GAO Discovered

The Department of Veterans Affairs (VA) Economic Management Business Transformation (FMBT) application has begun deploying the Built-in Economical and Acquisition Administration System (iFAMS) at the Countrywide Cemetery Administration (NCA) and the Veterans Rewards Administration (VBA). According to leading practices, management must measure the functionality of a method and relevant user fulfillment to observe development towards preestablished targets in order to have an understanding of and report on expected operational benefits. The application has produced metrics, recognized baselines, and begun to measure operational added benefits for NCA and VBA. Nonetheless, it has not discovered focus on values for accomplishment. Therefore, reporting of effects does not present a comprehensive and measurable photo of the program’s development relative to ideas. Until finally the FMBT software is capable to examine benefits to target values, the new system’s supply of meant operational gains and the extent to which the section is maximizing the return on its multibillion-dollar investment are unclear.

Helpful transform management strategies make properly utilizing organizational modify promptly and with reduced risk additional most likely. The FMBT program’s organizational improve administration functions ended up reliable with four leading methods and partly consistent with the remaining a few (see desk). Continuously adhering to helpful transform administration tactics for the transition to iFAMS aids assure a sleek changeover for future deployments.

FMBT Application Regularity with Organizational Transform Administration Major Methods

Primary observe

GAO evaluation

Producing a vision for transform

Dependable

Pinpointing stakeholders

Regular

Correctly speaking with stakeholders to regulate motivation

Constant

Figuring out and addressing stakeholders’ possible barriers to improve

Consistent

Escalating workforce skills and competencies

Partly consistent

Assessing the readiness for change

Partially consistent

Assessing the benefits of modify

Partially steady

Supply: GAO evaluation of Department of Veterans Affairs’ Monetary Management Enterprise Transformation (FMBT) application documentation. | GAO-22-105059

The FMBT program’s information conversion routines were dependable with foremost procedures for the NCA and VBA deployments. But the conversion timing triggered difficulties for some people, which include impacts to productiveness and prolonged function-arounds. The program’s impartial verification and validation workforce formerly proposed that the application be aware of opportunity hazards to a midyear conversion and proactively mitigate these dangers for NCA. However, officers accepted the pitfalls and reported conversions for the duration of the 12 months are essential if VA is to apply iFAMS in the course of the section in a acceptable sum of time. The program has prepared some actions to address troubles users faced, but its possibility and concern sign up does not include or handle the conversion timing pitfalls, these types of as consumer issues or those affiliated with the amount and varieties of transactions and balances converted. Mitigating conversion timing dangers and concerns is particularly important for potential deployments, some of which are scheduled even later on in the year and will influence more users.

Why GAO Did This Review

VA’s core financial administration method is approximately 30 yrs previous and is exceptionally complicated to maintain and adapt to rising requirements and federal economic restrictions. VA’s FMBT program is replacing its legacy process with a new built-in procedure, iFAMS, at an approximated price of $3.24 billion. VA deployed the fiscal functions capabilities of iFAMS at NCA in November 2020 and at VBA in February 2021 and May well 2021.

GAO was requested to overview the development of the FMBT plan. The precise aims for this report have been to analyze the extent to which (1) VA has calculated if iFAMS is supplying meant operational gains (2) VA’s organizational alter management pursuits facilitating its transition to the new economical administration system were being dependable with main methods and (3) VA’s details migration activities to cleanse, transform, and migrate info to the new fiscal management method have been dependable with top procedures. GAO compared vital application management activities to main tactics and interviewed program officers, in addition to chosen procedure customers.