{"id":6889,"date":"2011-05-19T16:43:55","date_gmt":"2011-05-19T20:43:55","guid":{"rendered":"https:\/\/flsentinel.com\/?p=6889"},"modified":"2011-05-19T16:43:55","modified_gmt":"2011-05-19T20:43:55","slug":"obamas-money-heavy-on-treasuries","status":"publish","type":"post","link":"https:\/\/flsentinel.com\/?p=6889","title":{"rendered":"Obamas Money: Heavy On Treasuries"},"content":{"rendered":"

WASHINGTON — A big portion of President Obama’s <\/strong>wealth is invested in federal debt, according to a financial disclosure form released Monday.<\/p>\n

The president and First Lady Michelle Obama<\/strong> had assets valued between $2.8 million and $11.8 million in 2010.<\/p>\n

And between $2 million and $10 million of their assets are invested in super-safe U.S. Treasury securities, according to the disclosure form. That’s up from $1.5 million to $6 million reported invested in Treasury notes and bills in 2009.<\/p>\n

The report uses broad financial ranges, making a more precise accounting impossible.<\/p>\n

The President<\/strong> and First Lady<\/strong> reported no debts.<\/p>\n

They also have between $350,000 and $800,000 invested in IRAs and other retirement funds, according to the form.<\/p>\n

And the couple has between $200,000 and $500,000 squirreled away in 529 college savings plans for their daughters Malia<\/strong> and Sasha<\/strong>. That’s up considerably since the president took office. In 2008, the Obamas<\/strong> reported between $50,000 and $100,000 in such savings.<\/p>\n

Much of the Obamas’ <\/strong>wealth comes from President Obama’<\/strong>s best-selling books “Dreams from my Father” and “Audacity of Hope.”<\/p>\n

Last year, the Obamas<\/strong> earned at least $1.1 million in royalties from books. On their 2010 tax returns, they reported an adjusted gross income of $1,728,096.<\/p>\n

But their book royalties have dropped from 2009, when they raked in more than $5 million in royalties.<\/p>\n

The president’s children’s book, “Of Thee I Sing,” published last November, earned him a $134,000 advance. He is donating that money and all proceeds from the book to the nonprofit Fisher House Foundation for a scholarship for children of fallen and disabled soldiers.<\/p>\n

Obama’s<\/strong> annual salary as president in 2010 was $395,188.<\/p>\n

Michelle Obama<\/strong> received $10,000 from a trust called the Henry G. Freeman Jr. Pin Money Fund set up for first ladies, who don’t draw a salary. The fund was set up in 1917 to augment presidential salaries.<\/p>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON — A big portion of President Obama’s wealth is invested in federal debt, according to a financial disclosure form released Monday. The president and First Lady Michelle Obama had assets valued between $2.8 million and $11.8 million in 2010. And between $2 million and $10 million of their assets are invested in super-safe U.S. […]<\/p>\n","protected":false},"author":210,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-6889","post","type-post","status-publish","format-standard","hentry","category-national-news","pmpro-has-access"],"_links":{"self":[{"href":"https:\/\/flsentinel.com\/index.php?rest_route=\/wp\/v2\/posts\/6889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flsentinel.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flsentinel.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flsentinel.com\/index.php?rest_route=\/wp\/v2\/users\/210"}],"replies":[{"embeddable":true,"href":"https:\/\/flsentinel.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6889"}],"version-history":[{"count":0,"href":"https:\/\/flsentinel.com\/index.php?rest_route=\/wp\/v2\/posts\/6889\/revisions"}],"wp:attachment":[{"href":"https:\/\/flsentinel.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flsentinel.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flsentinel.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}