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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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Google CEO Will Answer Republicans Before The US House Judiciary Committee

Pichai is also meeting with Democratic lawmakers and is due to meet with White House economic adviser Larry Kudlow on Friday.

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Google CEO Sundar Pichai speaks at the Google I/O conference in Mountain View, Calif

Google Chief Executive Sundar Pichai has agreed to testify before the U.S. House Judiciary Committee later this year over Republican concerns that the company is biased against conservatives, a senior Republican said Friday.

Republicans want to question Google, the search engine of Alphabet Inc, about whether its search algorithms are influenced by human bias. They also want to probe it on issues such as privacy, classification of news and opinion, and dealing with countries with human rights violations.

Pichai met with senior Republicans on Friday to discuss their concerns, House Majority Leader Kevin McCarthy said.

McCarthy told reporters after the meeting that it was “very productive” and “frank.”

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An empty chair reserved for Google’s parent Alphabet, which refused to send its top executive, is seen as Facebook COO Sheryl Sandberg accompanied by Twitter CEO Jack Dorsey testify before the Senate Intelligence Committee hearing on ‘Foreign Influence Operations and Their Use of Social Media Platforms’ on Capitol Hill. VOA

“I think we’ve really shown that there is bias, which is human nature, but you have to have transparency and fairness,” McCarthy said. “As big tech’s business grows, we have not had enough transparency and that has led to an erosion of trust and, perhaps worse, harm to consumers.”

Alphabet Inc’s Google unit has repeatedly denied accusations of bias against conservatives. Pichai left the meeting without comment.

Pichai wrote in an internal email last week that suggestions that Google would interfere in search results for political reasons were “absolutely false. We do not bias our products to favor any political agenda.”

The CEO had been scheduled to be in Asia this week but canceled the trip to be in Washington.

The hearing will take place after the midterm congressional elections in November, McCarthy said.

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Pichai met with senior Republicans on Friday to discuss their concerns, House Majority Leader Kevin McCarthy said. Wikimedia Commons

Google came under fire from members of both parties earlier this month for refusing to send a top executive to a Senate Intelligence Committee hearing that included Facebook Inc and Twitter Inc executives.

Republicans have also raised concerns about Google’s dominance. Earlier this week, the Justice Department met with state attorneys general to focus on the need to protect consumer privacy when big technology companies amass vast troves of data, but came to no immediate conclusions.

Also Read: US to Probe Social Media Giants Like Facebook, Twitter Over Censorship Concern

Asked if Republicans will push to break up Google, McCarthy said: “I don’t see that.” He said the hearing will look at privacy, bias issues, China and other matters.

Pichai is also meeting with Democratic lawmakers and is due to meet with White House economic adviser Larry Kudlow on Friday, a White House official said Thursday. (VOA)