Obama Discloses Assets Valued at $2.8 Million to $11.8 Million
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President Barack Obama and first lady Michelle Obama held total assets of between $2.8 million and $11.8 million last year and reported no debt, according to federal financial disclosure forms released yesterday.
The president’s assets were concentrated in U.S. Treasury obligations, an investment posture that would leave him financially vulnerable if he and congressional leaders can’t agree on raising the U.S. debt limit in time to avoid a default.