House Speaker McCarthy Opens Impeachment Inquiry Into President Biden

House Republicans are moving closer toward impeaching President Joe Biden. House Speaker Kevin McCarthy has formally started an impeachment inquiry into Biden over allegations that he and his son, Hunter, accepted bribes and personally benefited from foreign business deals during Joe Biden's time as Vice President.

"These are allegations of abuse of power, obstruction, and corruption," McCarthy told reporters outside his office. "They warrant further investigation by the House of Representatives. That's why today I am directing our house committee to open a formal impeachment inquiry into President Joe Biden."

House chairmen Reps. James Comer, Jason Smith, and Jim Jordan will lead the inquiry.

An impeachment inquiry would allow House investigators to subpoena bank records and other documents. Republicans hope to move forward with the impeachment inquiry by the end of the month.

"Through our investigations, we have found that President Biden did lie to the American people about his own knowledge of his family's foreign business dealings. Eyewitnesses have testified that the president joined on multiple phone calls and had multiple interactions, dinners resulted in cars and millions of dollars into his sons and his son's business partners," McCarthy said.