The chairman of the House Foreign Affairs Committee on Sunday accused the Biden administration of being taken to the cleaners for a tentative deal with Iran to free five detained Americans in exchange for unfreezing $6 billion in assets and freeing an unknown number of Iranians imprisoned in the U.S.
“We’re talking about $6 billion dollars right? $6 billion. Under Obama, it was $400 million of cash and airplanes that went into Iran,” Rep. Michael McCaul, Texas Republican, said on “Fox News Sunday.” “Look, I want to get these Americans home more than anybody, and one of them is a critical asset, I agree with that. But we have to go in eyes wide open.”
Mr. McCaul suggested the $6 billion would “prop up” Iran’s “proxy war, terror operations and their nuclear bomb aspirations.” The current agreement, although not yet finalized, would unlock $6 billion in Iranian money in South Korea. It would be transferred to Qatar before going to Tehran, Iran’s capital.
Mr. McCaul expressed doubts about the Biden administration providing transparency for where the money goes.• Ramsey Touchberry can be reached at
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oversight Committee Memo Details More Foreign Payments Made to Hunter BidenThe House Oversight Committee released banking records detailing millions in payments made to Hunter Biden by Russian and Kazakhstani oligarchs. See potential bias and similarities in coverage from Newsweek, NRO, and Mediaite:
Read more »
Biden investigation: Oversight Committee releases new Hunter bank memo showing payments from foreign oligarchsThe House Oversight and Accountability Committee released a new bank memo showing that Hunter Biden and his business associates received millions of dollars from foreign oligarchs and sources while his father was vice president.
Read more »
US House Financial Services Committee Divided on PayPal StablecoinReps. Maxine Waters and Patrick McHenry have conflicting views on the Clarity for Payment Stablecoins Act following PayPal's PYUSD launch. Democratic members raise concerns while Republican leadership sees regulatory clarity potential.
Read more »
House Financial Services Committee Advances Clarity for Payment Stablecoins Act – Legal Bitcoin NewsPermitted issuers would be the only entities allowed to issue a payment stablecoin for use by people in the United States.
Read more »
House Republican charges J6 Committee failed to preserve records, withheld communication with WHThe Democrat-led House committee that investigated the Jan. 6, 2021, attack on the U.S. Capitol failed to properly archive records, including documents, video of depositions and correspondence with the Biden administration, said a Republican lawmaker probing the panel’s work.
Read more »