Biden Family Desperate for a New Source of Income After ‘the Spigot Is Turned Off’: Report |

The Biden Family’s Financial Dilemma: A Political Comeback or a Desperate Bid for Cash?

As former President Joe Biden emerges from the shadows following the Democratic Party’s setback in November, it appears that Americans may have to brace themselves for a prolonged public presence of the octogenarian leader.

Recently seeking guidance from a prominent ex-Pentagon spokesperson, Biden conducted an interview with the BBC that served as both a critique of President Donald Trump and a defense of his less-than-stellar legacy, as reported by Politico.

In a subsequent meeting with the panelists of “The View,” Biden’s attempt at legacy restoration was so poorly received that even Variety labeled it a “botched attempt.”

Adding to the intrigue, veteran journalist Mark Halperin disclosed on “The Morning Meeting,” a podcast he co-hosts with former White House press secretary Sean Spicer and Democratic operative Dan Turrentine, that Biden’s public engagements may be motivated by financial necessity.

A source “very familiar with the Bidens” tells @MarkHalperin that “Biden Inc.,” the family business that generated millions of dollars in revenue to support their lifestyle, has dried up. “The trough is empty, the spigot is turned off,” says Mark. “Biden Inc. needs a source of… pic.twitter.com/T1CVgO7p4Z

— 2WAY (@2waytvapp) May 8, 2025

While it may seem somewhat absurd to think of the Bidens facing financial difficulties, especially with Biden’s status as a former president, the situation appears more complicated. One might recall Hunter Biden, whose questionable business dealings have raised eyebrows and whose late-career venture into the art world has led to him selling paintings for exorbitant prices, seemingly unrelated to genuine artistic merit.

Additionally, the House Oversight Committee’s investigations have unveiled that numerous members of Biden’s extended family benefitted from an influence-peddling scheme during his tenure as vice president under Barack Obama, raking in millions. This makes the claim of a financially struggling “Biden Inc.” all the more bewildering.

Nonetheless, Halperin insists, “Biden Inc. has collapsed.” He elaborates, “The lavish lifestyle enjoyed by the Biden grandchildren is at risk.”

“Hunter has made staggering sums in the past, but Joe, now out of office, cannot command the same fees for speaking engagements, corporate boards, or book deals,” Halperin stated. “Biden Inc. requires a fresh revenue stream.” Moreover, he noted that while Hunter may have been pardoned and avoided incarceration, his earning potential remains questionable.

To suggest that “Hunter Biden does not have great earning capacity” is akin to saying that the Titanic had a minor navigation issue. His career has largely been shaped by his father’s influence, and his artistic endeavors have been met with skepticism and critique.

Halperin’s co-hosts expressed agreement with this perspective, with Turrentine pointing out that Biden, at the ripe age of 82, faces significant challenges in securing any new lucrative positions.

Spicer succinctly summarized the situation, stating, “The grift is over.” He elaborated, “I fail to see where a new revenue source might emerge. Firstly, no one is particularly interested in his opinions. Secondly, it’s unclear whether he even knows what he thinks anymore, which is a far more pressing issue.”

In light of the frenetic pace of Trump’s initial days in office, and with no signs of a slowdown, many Americans may feel as though the lengthy ordeal of the Biden presidency is a distant memory. However, if Halperin and his informant are to be believed, the Biden family’s financial troubles may be the start of a new and troubling chapter.

This article originally appeared on The Western Journal.