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US financial disclosures: Clintons amass more than $25 million, Obamas have just $ 1000 in savings

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By NewsGram Staff Writer

Hillary Clinton, the leading Democratic presidential candidate for 2016 has come under harsh criticism from both the Republican and Democrat presidential rivals after it was revealed that she and her husband Bill earned more than $25 million delivering public speeches.

The reported net worth of the Clintons comes out to be a colossal $ 55 million. With their staggering wealth, the Clintons have comfortably booked a place in the top 0.1 per cent of US earners.

Critics say that the new financial disclosures “raise ethical questions” and show they cannot represent the American middle class.

After she stepped down from the post of Secretary of State, Hillary Clinton, has charged $250,000 per public address. Her memoir, Hard Choices, published last year fetched her a whopping $5 million, thereby demolishing the claims that her family was “dead broke” after they left the White House in 2001.

Meanwhile, similar disclosures for the Obama family revealed that they have just $1,001 in a single JP Morgan account filed under savings. But, it does not render the Obamas as poor by any means.

Much of their wealth appears to be tied up in Treasury bills. The largest joint asset for the Obamas was the government-issued T-Bill between $1 million and $5 million.

As much as $400,000 is tied-up in college funds for their two daughters, while Mr Obama’s retirement pot holds an estimated $350,000 – bringing the Obamas’ total assets up to between $2 million and $7 million.

Republicans believe that Hillary’s paid-for speeches at financial institutions like Goldman Sachs make her bound to big businesses.

“The Clintons’ claim that staggering amounts of income from paid speaking fees that raise ethical questions and potential conflicts of interest is simply to ‘pay our bills’ shows how out-of-touch they’ve truly become,” said Reince Priebus, the chair of the Republican National Committee

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Republicans in the US Slam Facebook, Twitter

The companies had so far declined to provide the data lawmakers have asked for

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Facebook App on a smartphone device. (VOA)

Republicans in the US have slammed Facebook and Twitter saying that conservative speech was being censored on both the platforms.

Led by Senator Ted Cruz (Rep-Texas) who is the Chairman of the Senate Judiciary Committee’s panel on the Constitution, a panel ripped apart Facebook and Twitter over concerns of bias against conservatives, The Verge reported on late Wednesday.

“Not only does Big Tech have the power to silence voices with which they disagree, but Big Tech likewise has the power to collate a person’s feed so they only receive the news that comports with their own political agenda,” said Cruz during a Senate hearing.

The panel declined Google’s invitation because of concerns involving the representative they were sending.

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FILE – A man reads tweets on his phone in front of a displayed Twitter logo. VOA

Cruz has often alleged that Silicon Valley giants were biased against conservatives and routinely censor right-wing voices.

Donald Trump in a tweet last month accused Facebook, Google and Twitter of being “on the side of the Radical Left Democrats”.

Also Read- US Praises German 5G Network Standard as Huawei Struggles to Stand out

According to The Hill: “GOP lawmakers have held multiple hearings in recent years over the alleged censorship of conservative voices on tech platforms, calling for companies to release data about the political leanings of the posts they choose to take down.”

The companies had so far declined to provide the data lawmakers have asked for. (IANS)