facebook
twitter
rss
account
search
search
 

Obama, Biden release financial disclosure forms

May 15, 2013 at 5:39 PM   |   Comments

WASHINGTON, May 15 (UPI) -- U.S. President Barack Obama released a financial disclosure form Wednesday showing considerable income from book royalties.

The president reported several million dollars in assets, mostly in mutual funds. His press secretary, Jay Carney, said Obama and Vice President Joe Biden, who also released a disclosure form, have no financial conflicts of interest.

Obama said his 1995 memoir, "Dreams From My Father: A Story of Race and Inheritance," brought in between $100,000 and $1 million in royalties in 2012 as did his 2009 children's book, "Of Thee I Sing," written before he became president. "The Audacity of Hope," published in 2006 is less lucrative, earning between $50,000 and $100,000 in 2012.

Biden's forms showed his assets are smaller than the president's, mostly amounts of a few thousand dollars in a range of mutual funds and bank accounts. His book royalties are also close to zero.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
School accused of using girl as rape bait; girl gets attacked School accused of using girl as rape bait; girl gets attacked
2
Man who raped pit bull puppy sentenced to five years in prison Man who raped pit bull puppy sentenced to five years in prison
3
40 Islamic State fighters killed in U.S. air strike 40 Islamic State fighters killed in U.S. air strike
4
Man beaten to death by barbell in San Francisco gym Man beaten to death by barbell in San Francisco gym
5
Climate change march attracts hundreds of thousands of New Yorkers and others Climate change march attracts hundreds of thousands of New Yorkers and others
Trending News
Video
x
Feedback