Senate Passes Bill That Would Expose Saudi Arabia’s Role In Sept. 11: Obama Veto Imminent

After a month-long scare campaign waged by Saudi Arabia, and in no small part the Obama administration, which went so far as to threaten it would dump its US Treasurys (which the NYT previously had quantified as $750 billion however which the Treasury just yesterday disclosed for the first time in 41 years as only $117 billion, suggesting the Saudis would likely also have to sell US stocks and various other US-denominated assets), if the US were to pass a bill that would hold it legally liable for the Sept 11 attacks, it will be up to Obama to veto the bill because moments ago the Senate unanimously passed said bill, bringing Congress closer to a showdown with the White House.
The Senate’s passage of the bill, which will now be taken up in the House, is another sign of escalating tensions in a relationship between the United States and Saudi Arabia that once received little scrutiny from lawmakers.
As reported a month ago, the Obama administration has urgently lobbied against the bill, and the Saudi government has warned that if the legislation passes it might begin liquidating its USD reserves. Adel al-Jubeir, the Saudi foreign minister, delivered the warning to lawmakers and administration officials while in Washington in March.

This post was published at Zero Hedge on 05/17/2016.