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Jen Psaki takes a closer look at how former weekend right-wing cable news host Pete Hegseth, Donald Trump's defense secretary, is gutting the top tiers of the U.S. military while doing a poor job handling Donald Trump's inexplicable war on Iran, and running down the U.S. military with wasteful, ill-considered decisions. Rahm Emanual, former Obama White House chief of staff, discusses the crisis of Pete Hegseth's leadership.
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<br>New Permanent Subcommittee on Investigations Report: Obama Administration Secretly Authorized Iranian Access to the U.S. Financial System
<br>WASHINGTON, D.C. – Today, U.S. Senator Rob Portman (R-OH), Chairman of the Permanent Subcommittee on Investigations (PSI), unveiled a majority report detailing, for the first time, how the Obama administration secretly granted a license authorizing the conversion of Iranian assets worth billions of U.S. dollars using the U.S. financial system—despite repeated assurances to the public and Congress that Iran would not be granted access to the U.S. financial system. The Obama administration then asked two U.S. banks to execute the transactions, and they refused to do so. The report outlines key findings and recommendations designed to prevent this from happening in the future. Portman issued the following statement:
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<br>“The Obama administration misled the American people and Congress because they were desperate to get a deal with Iran. Despite claims both before and after the Iran deal was completed that the U.S. financial system would remain off limits, the Obama administration issued a specific license allowing Iran to convert billions of dollars in assets using the U.S. financial system. The only reason this transaction wasn’t executed was because two U.S. banks refused, even though the administration asked them to help convert the money. Sanctions are a vital foreign policy tool, and the U.S. government should never work to actively undermine their enforcement or effectiveness.<br>HOMELAND SECURITY GOVT AFFAIRS