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Related: About this forumWhite House: Not in Saudi interest to destabilize global economy over 9/11 bill
Source: Reuters
Politics | Mon Apr 18, 2016 8:25pm EDT
White House: Not in Saudi interest to destabilize global economy over 9/11 bill
The White House expressed confidence on Monday that Saudi Arabia would not follow through on a reported threat to sell U.S. assets if Congress passed a bill that could hold the kingdom responsible for any role in al Qaeda's Sept. 11, 2001 attacks.
The New York Times reported on Friday that Saudi Foreign Minister Adel al-Jubeir told U.S. lawmakers that the country would be forced to sell up to $750 billion in Treasury securities and other U.S. assets in response to the bill if it passed.
White House spokesman Josh Earnest said President Barack Obama did not support the legislation and would not sign it. The bill would allow the Saudi government to be sued in a U.S. court for any role in the Sept. 11 attacks.
"I'm confident that the Saudis recognize, just as much as we do, our shared interest in preserving the stability of the global financial system," Earnest told reporters.
Obama, who is traveling to Saudi Arabia later this week, said he opposes the bill because it could expose the United States to lawsuits from citizens of other countries.
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White House: Not in Saudi interest to destabilize global economy over 9/11 bill
The White House expressed confidence on Monday that Saudi Arabia would not follow through on a reported threat to sell U.S. assets if Congress passed a bill that could hold the kingdom responsible for any role in al Qaeda's Sept. 11, 2001 attacks.
The New York Times reported on Friday that Saudi Foreign Minister Adel al-Jubeir told U.S. lawmakers that the country would be forced to sell up to $750 billion in Treasury securities and other U.S. assets in response to the bill if it passed.
White House spokesman Josh Earnest said President Barack Obama did not support the legislation and would not sign it. The bill would allow the Saudi government to be sued in a U.S. court for any role in the Sept. 11 attacks.
"I'm confident that the Saudis recognize, just as much as we do, our shared interest in preserving the stability of the global financial system," Earnest told reporters.
Obama, who is traveling to Saudi Arabia later this week, said he opposes the bill because it could expose the United States to lawsuits from citizens of other countries.
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Read more: http://www.reuters.com/article/us-usa-saudi-arabia-finance-idUSKCN0XF2HG
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White House: Not in Saudi interest to destabilize global economy over 9/11 bill (Original Post)
Eugene
Apr 2016
OP
Response to Eugene (Original post)
grasswire This message was self-deleted by its author.
HassleCat
(6,409 posts)2. Obama has a point.
Perhaps a quarter million families in Iraq might like to sue the US for killing their family members in a war we started for no particular reason, on bogus evidence. Awkward!
bemildred
(90,061 posts)4. Yes. he does. nt
Ghost Dog
(16,881 posts)5. Not, formally, a war: an illegal invasion.
Victims should certainly be able to sue. But...
leveymg
(36,418 posts)3. We bombed and invaded the wrong country. Freeze Saudi assets.
If they follow through on their threats, it gives us just cause. Seize and liquidate Saudi holdings, which includes most of the major multinational oil companies and biggest New York banks. Not kidding.
"Enough is Enough"...