Saudi Arabia Threatens Economic Fallout If Congress Passes 9/11 Bill

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Saudi Arabia has warned it would sell off American assets worth hundreds of billions of dollars if Congress passes a bill allowing the Saudi government to be held responsible for the 9/11 terrorist attacks. The warning was delivered by Saudi Foreign Minister Adel al-Jubeir last month during a visit to Washington. However, Riyadh’s resolve to actually deliver on the threat is suspect, as selling off those assets would be technically challenging and would damage the dollar, against which the Saudi national currency is pegged.  MSN reports: The Obama administration has lobbied Congress to block the bill’s passage, according to administration officials and congressional aides from both parties, and the Saudi threats have been the subject of intense discussions in recent weeks between lawmakers and officials from the State Department and the Pentagon. The officials have warned senators of diplomatic and economic fallout from the legislation. Read Article

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Categories: Saudi Arabia, Uncategorized, United States of America - USA

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