Joe Biden poised to ride out the stock market swoon with nearly $2 million in cash

Joe Biden poised to ride out the stock market tumble with nearly $2 million in cash and some mutual fund trades, financial disclosures reveal

• The White House released annual financial disclosures Friday afternoon
• Biden has holdings in multiple bank accounts
• He earns $400,000 a year as president
• Engaged in sales and purchase of mutual fund holdings 
• The S&P 500 dropped by more than 2 per cent this week 
• But S&P 500 index is down 16 per cent since the start of the year

By Geoff Earle, Deputy U.S. Political Editor For Dailymail.com

Published: 18:49 EDT, 13 May 2022 | Updated: 19:56 EDT, 13 May 2022