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May 13 (Bloomberg) -- President George W. Bush and his wife, Laura, reported owning
financial assets and property in 2004 valued between $7.8 million and $18.1 million,
according to federal financial disclosure forms released at the White House today.
Vice President Dick Cheney's assets last year ranged between $16.6 million
and $75.5 million, including cash, investments, deferred compensation from Halliburton
Co., stock options, salaries and retirement benefits.
Executive branch officials including the president and the vice president are
required to file annual financial disclosure forms in which they list assets
within dollar ranges, such as $1,000 to $15,000 or $100,000 to $250,000. Bush
valued his Texas ranch at between $1 million and $5 million.
Bush, 58, also reported receiving gifts including $650 gold cuff links and
a $400 pocketknife. The most valuable was a $2,700 mountain bike from John Burke,
president of Waterloo, Wisconsin- based Trek Bicycle Corp.
Last year, Bush reported assets valued between $8.8 million and $21.9 million
in 2003. Cheney, 64, and his wife, Lynne, reported assets between $19 million
and $86 million that year.
The biggest asset Cheney disclosed this year was a $5 million to $25 million
stake in the Vanguard Short-Term Tax- Exempt Fund, which fell 0.8 percent in
2004. The fund invests in municipal bonds with an average maturity of less than
five years and provides income that is exempt from U.S. personal income taxes.
Cheney reported receiving gifts valued at $5,934, including a painting worth
$1,600 of a Delaware house, a $120 Namiki pen from U.S. Ambassador to Italy
Melvin Sembler and a $400 fly-tying set for fishing.
To contact the reporter on this story:
William Roberts in Washington at wroberts@bloomberg.net
Brendan Murray in Washington brmurray@bloomberg.net
