White House Confirms That Hunter Biden Will Divest from Chinese Private Equity Firm

Hunter Biden is in the process of divesting his ownership stake in the Chinese private equity firm BHR Partners, White House Press Secretary Jen Psaki confirmed Friday.

The confirmation follows a report from the Daily Caller News Foundation in January that Hunter Biden continues to hold a 10% stake in the firm despite multiple promises from President Joe Biden during his campaign that no one in his family would engage in foreign business if he won the election.

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