Sep 28, 2019

Blackstone CEO Steve Schwarzman denies Trump claim about Bidens

Blackstone CEO Steve Schwarzman (L) and President Trump (R). Photo: Chip Somodevilla/Getty Images

Trump adviser and Blackstone CEO Steve Schwarzman is disputing President Trump's claim, made during a private fundraiser, that they spoke about the Biden family, reports Bloomberg.

Why it matters: Trump's claims "could attract interest in light of the impeachment inquiry underway by House Democrats" — especially since it focuses on a conversation between Trump and Ukraine about investigating the Biden family, writes the Washington Post. Schwarzman has remained quiet about his conversations with Trump over the years.

What they're saying:

  • Trump and his personal lawyer Rudy Giuliani have been saying for months now that Hunter Biden allegedly received $1.5 billion for an investment fund from China, per the Post.
  • Schwarzman's spokesperson Jennifer Friedman says Schwarzman denies claims the conversation ever happened, and that he's never spoken about the Biden family with Trump.
  • Hunter Biden's lawyer, George Mesires, says his client didn't acquire any stake in a Chinese company until Oct. 2017, and it's valued at $430,000, per the Post.

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Trump's trifecta

Photo: Brendan Smialowski/AFP/Getty Images

For the 3rd time in 4 years, President Trump has asked another country to interfere in U.S. elections.

The big picture: In July 2016, Trump said Russia should "find" and release Hillary Clinton's emails. In July 2019, he told Ukraine to investigate the Biden family. And today, even as he finds himself embroiled in an impeachment inquiry over this very issue, Trump said that China, too, should investigate the Bidens.

Go deeperArrowOct 3, 2019

Hunter Biden to step down from board of Chinese company

Hunter Biden. Photo: Paul Morigi/Getty Images for World Food Program USA

Hunter Biden, son of the former vice president and 2020 presidential candidate Joe Biden, will be leaving the board of BHR Equity Investment — a private equity fund backed by Chinese state-owned entities — at the end of the month, Bloomberg reports.

Why it matters: The younger Biden is leaving the board amid unsubstantiated allegations by President Trump and his personal lawyer Rudy Giuliani that he made millions of dollars from BHR Equity Investment while his father was in office. Trump has suggested that China should investigate Hunter, setting off claims by Democrats that the president is soliciting foreign election interference.

Go deeperArrowOct 13, 2019

Trump says China should investigate Bidens

President Trump told reporters on the South Lawn of the White House Thursday that China should launch an investigation into Joe and Hunter Biden, though he noted that hasn't yet asked Chinese President Xi Jinping to do so.

Go deeperArrowOct 3, 2019