James Biden: President Was Paid Back $40K From China

James Biden testified last week that he reimbursed his brother, President Joe Biden, with $40,000 in funds that came from China, according to a transcript released by House Republicans on Friday.

James Biden made the revelation on Feb. 21 in a closed-door deposition in front of members of the House Oversight and Judiciary committees.

The admission is an important piece of the impeachment inquiry into the president because it connects him as a beneficiary to the alleged influence-peddling schemes being run by James Biden and Hunter Biden. Republicans have said the fact the money was labeled as a loan repayment is irrelevant.

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