Obama signs massive defense bill upping Iran sanctions
Submitted by JAC on Thu, 01/03/2013 - 12:00am
US President Barack Obama signed into law a wide ranging defense bill, including about $633 billion in spending and beefed up sanctions on Iran late Wednesday night.The bill was approved by the House and Senate by a wide majority in late December. Obama signed the spending legislation along with a bill staving off the much-feared fiscal cliff, which would have raised taxes.The defense package includes stringent new sanctions on Irans energy and shipping sectors in a fresh attempt to hobble the Islamic Republics economy and hamper its nuclear ambitions.The sanctions build upon penalties that Congress has passed and Obama has implemented that target Tehrans financial and energy sectors.
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