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Taxpayers must pay the freight for over-budget train projects
Topic - David S. Cohen
A top Treasury official said Tuesday that sanctions pressure on Iran will actually "continue to mount" over the coming months under a new nuclear agreement negotiated by the Obama administration and other world powers, despite Secretary of State John F. Kerry's assertion that the U.S. "will suspend certain sanctions."
Democrats appeared eager Wednesday to poke holes in the seriousness of President Obama's vow to deter Iran from developing a nuclear warhead, raising tough questions about whether the White House is squeezing hard enough on sanctions against the Islamic Republic's economy.
A Greek shipping industry magnate used a host of front companies and a fleet of crude-oil tankers flying Panamanian and Liberian flags to help Iran evade international oil sanctions, U.S. officials said Thursday.
Syrian rebels including Islamic extremists took full control of a sprawling military base Tuesday after a bloody two-day battle that killed 35 soldiers, activists said. It was the latest gain by opposition forces bolstered by an al Qaeda-linked group that has provided skilled fighters but raised concerns in the West.
The violent street gang Mara Salvatrucha, or MS-13, was designated Thursday by the Treasury Department as a transnational criminal organization, meaning the government can freeze its U.S. assets, seize its property or interests in this country, and make it illegal for anyone in the U.S. to do business with the gang.
The Obama administration set new, largely symbolic, sanctions Friday on Syria's state-run oil company and the Hezbollah militant group, moves designed to underscore Iran's key role in propping up the Syrian regime over the span of its civil war.
The Obama administration is going where no White House has gone before: directly accusing Iran of supporting al Qaeda. This long overdue move to get tough on Tehran deserves to be applauded.
The Obama administration accused Iran on Thursday of entering into a "secret deal" with an al Qaeda offshoot that provides money and recruits for attacks in Afghanistan and Pakistan. The Treasury Department designated six members of the unit as terrorists subject to U.S. sanctions.
Cracks are emerging in Col. Moammar Gadhafi's inner circle, raising the possibility that the Libyan dictator's grip on power may be weakening after 42 years.
In an op-ed titled "We're Not Easing Sanctions on Iran," David S. Cohen, Treasury undersecretary for terrorism and financial intelligence, claims that "Iran will be even deeper in the hole six months from now when the deal expires than it is today."
"The total relief is a small fraction of the roughly $80 billion Iran has lost since early 2012 because of U.S. and European Union oil sanctions, and of the nearly $100 billion in Iran's foreign exchange holdings that are mostly restricted or inaccessible due to U.S. financial and banking sanctions," Mr. Cohen wrote.