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Tensions Rise Over Granting Iran Access to U.S. Dollar

Thursday, April 14, 2016 | Tag Cloud

President Obama and U.S. Secretary of State John Kerry share a laugh with Italian Foreign Minister Federica Mogherini, left, British Foreign Secretary Philip Hammond, and British Prime Minister David Cameron while waiting to meet with Ukrainian President Petro Poroshenko before the NATO Summit in Newport, Wales, United Kingdom on September 4, 2014.

(Worthy News) - Treasury Department officials are moving to reassure Congress that Iran will not be granted access to U.S. financial markets following comments by top Obama administration officials suggesting such a plan was under consideration, according to correspondence obtained by the Washington Free Beacon and conversations with congressional sources.

The administration had promised Congress that Iran would not be granted access U.S. financial markets as a result of the recently implemented nuclear agreement. However, top officials from the State Department had recently discussed the possibility of granting Iran unprecedented access to U.S. dollars when conducting foreign transactions.

The statements triggered a backlash from lawmakers in both parties, necessitating what some described as a cleanup campaign by top Treasury officials. [ ... Read More (Source) ]

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Worthy Christian News » World News » Tensions Rise Over Granting Iran Access to U.S. Dollar