World International Affairs President Donald Trump signed an executive order on Monday re-imposing sanctions on Iran, as the White House has promised to do since the president withdrew the U.S. from the 2015 Joint Comprehensive Plan of Action (JCPOA) in May. “The United States is fully committed to enforcing all of our sanctions, and we will work closely with nations conducting business with Iran to ensure complete compliance,” the White House said in an official statement. Moving forward, sanctions will block the Iranian government from purchasing or acquiring U.S. currency. They will also target the country’s trade in gold or precious metals, as well as the direct and indirect sale, supply or transfer to or from Iran of graphite, aluminum, steel and coal, CNN reported. Significant transactions of the Iranian currency will also be targeted, as well as the Iranian auto industry. The sanctions will also block U.S. and European airplanes from being sold to Tehran. … [Read more...] about Here’s How New U.S. Sanctions Will Impact Iran
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World The European Union issued a joint statement on Monday, promising to protect its business interests against the impact of new U.S. sanctions against Iran. Secretary of State Mike Pompeo said Sunday that the White House would announce the full details of new sanctions against Tehran on Monday, which will target its automotive industry, gold, coal and steel. Iran will also be blocked from purchasing U.S. and European planes as well as U.S. banknotes, Voice of America reported. After President Donald Trump’s May decision to withdraw the U.S. from the Joint Comprehensive Plan of Action (JCPOA), commonly known as the Iran Nuclear Deal, Pompeo promised to implement “the strongest sanctions in history” against Tehran. Recommended Slideshows 76 The Most Powerful Military Forces in the World 59 The 25 Most Powerful Passports in the World 61 Every World Press Photo Winner Ever: 60 Images That Define Our World However, European leaders, China … [Read more...] about EU Promises to Protect Business Interests Against New U.S. Sanctions on Iran
There may be no plans to put a new face on U.S. currency, but if Americans could see someone else join the elite ranks of American figures who are currently featured on U.S. bills, President John F. Kennedy is the first choice from a list of six potential candidates, according to a new CBS News poll. A quarter of Americans (25 percent) would pick Kennedy (whose likeness is on the half-dollar coin), who currently is not represented on any paper currency. Following close behind at 21 percent is Dr Martin Luther King, Jr., followed by President Ronald Reagan (20 percent). Only 10 percent would pick President Franklin D. Roosevelt (whose likeness can be found on the dime). Just 8 percent would pick President Theodore Roosevelt (the only Mt. Rushmore resident who is not represented on currency) or Thomas Edison (the only non-president on the list other than King). There are partisan differences with Republicans, Democrats and Independents all having their favorite choices. Reagan … [Read more...] about CBS News Poll: Who should appear on U.S. currency?
A female will be included in U.S. currency, but whichever historic figure is chosen won't necessarily be on the $10 bill -- and she may not even be on the front. "We're going to tell the story of American democracy, as we unveil the new series of bills," Secretary of the Treasury Jack Lew told CBS News on Tuesday. "And women will be a prominent part of that." Lew: China's cyber activities are "problematic" Woman may not get top billing on U.S. currency The $10 bill has dominated the discussion because it's the next bill that needs to be updated for anti-counterfeiting purposes, but the Treasury has "multiple bills that are going to be redesigned," Lew said. "We'll be revising the $5 bill, the $20 bill." More than a million people have weighed in with their thoughts since the Treasury Department over the summer posed the idea of a redesigned $10 bill and strongly signaled that a woman would be selected. "Very few people know what's on the back of any of our bills. And I think part … [Read more...] about Woman may not get top billing on U.S. currency
WASHINGTON --The Obama administration may soon tell foreign governments and banks they can start using the dollar in some instances to facilitate business with Iran, officials told The Associated Press, describing an arcane tweak to U.S. financial rules that could prove significant for Tehran's sanctions-battered economy. While no decision is final, U.S. officials familiar with internal discussions said the Treasury Department is considering issuing a general license that would permit offshore financial institutions to access dollars for foreign currency trades in support of legitimate business with Iran, a practice that is currently illegal. Several restrictions would apply, but such a license would reverse a ban that has been in place for several years and one the administration had vowed to maintain while defending last year's nuclear deal to skeptical U.S. lawmakers and the public. The United States and other world powers reached agreement with Iran last summer to give the Islamic … [Read more...] about CBS News Logo New U.S. sanctions concession to Iran may be in works: AP