Menu
News
Read More
State Dept. won’t discuss ‘mechanics’ of $1.3B payment to Iran
CNS News(CNSNews.com) – President Obama told reporters three weeks ago that the U.S. had flown $400 million in cash to Iran last January because it could not send a check or wire the funds to the regime. The administration will not say how a much larger sum – $1.3 billion in interest – was paid around the same time.
The State Department confirmed Wednesday that the payment of around $1.3 billiondisbursed on January 19 from the Treasury Department's "judgment fund" was the money paid to Iran as the interest portion of a negotiated legal claim settlement, but declined to discuss the "mechanics" of the payment.