Experts: Obama Helping Iran Become Nuclear Threshold State

Repeated concessions by the Obama administration during ongoing nuclear talks with Iran have all but guaranteed that the Islamic Republic will emerge as a nuclear threshold state that could build a weapon with little effort, according to arms control experts who testified before the House Foreign Affairs Committee on Wednesday.

Stephen Rademaker, national security adviser for the Bipartisan Policy Center and former assistant secretary of state for arms control, international security, and nonproliferation during the George W. Bush administration, said during the hearing that the recent preliminary deal “fundamentally signifies acceptance by the international community of Iran as a nuclear weapons threshold state.” Continue reading

US could start defaulting on debt ‘very soon’ warns Lew

US Treasury Secretary Jacob Lew warned Monday that the US is on course to hit its so-called debt ceiling, the limit to which it can legally borrow, by the end of the month.

He called on Congress to raise it immediately to prevent the issue from harming the economic recovery, adding that the government would start defaulting on its debt “very soon” if it failed to act.

“Time is short. Congress needs to act to extend the nation’s borrowing authority, and it needs to act now,” Mr Lew said in a speech on Monday. Continue reading