Saudis warn of economic reprisals if Congress passes 9/11 bill

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    CNN quoting two senior State Department officials: Saudi foreign minister Adel al-Jubeir issued the warning to US law makers last month that it will sell off billions in American assets if the US Congress passes a bipartisan bill that would allow victims of 9/11 and other terrorist attacks to sue foreign governments.

    In response to a question whether President Barack Obama would veto the legislation if passed by Congress, a senior administration official told CNN that "rather than entertain a hypothetical, we believe there needs to be more careful consideration of the potential unintended consequences of its enactment before proceeding with legislation. We would welcome opportunities to engage with the Congress on that discussion."
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