Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin announced new sanctions against Iran and its economy, including on eight individuals the officials said were involved in missile strikes on Iraqi bases housing U.S. personnel on Tuesday night.
"We will continue to apply economic sanctions until Iran stops its terrorist activities and commit[s] that it will never have nuclear weapons," Mnuchin said.
Adding details to President Donald Trump's announcement Wednesday that he intended to further sanction Iran, whose goods are already heavily sanctioned, Mnuchin said the president will sign an executive order authorizing new sanctions including 17 against the nation's economy and sanctions against individuals he asserted, "advance Iran's destabilizing activities and were involved in Tuesday's ballistic missile strike." Mnuchin, who last announced sanctions against the Middle Eastern nation in September 2019 after suspected attacks on Saudi Arabian oil facilities, said the administration has "100 percent confidence" that "the economic sanctions are working."
"We want Iran to behave simply like a normal nation," Pompeo told reporters in a White House briefing, saying he believed sanctions will help accomplish that goal. He added, "We're striking at the heart of the Islamic Republic's inner security apparatus."
Pompeo was pressed by reporters on the timing of attacks the president initially said were "imminent." The administration has been inconsistent in justification for the drone strike on Jan. 3 that killed Iranian top military commander Gen. Qassem Soleimani. In the past 24 hours, Trump said "they were looking to blow up our embassy," which the administration later explained he was referencing the storming of the Baghdad embassy on New Year's Eve. Though the Department of Defense had stated that the general had been "actively developing plans" to attack Americans in the region, Pompeo told Fox last night "we don't know precisely when and we don't know precisely where."
On Friday morning, Pompeo attempted to clarify the differing accounts, saying "we had specific information on an imminent threat and those included attacks on U.S. embassies. Period. Full stop."
Justification for the drone strike has had lawmakers up in arms for days, exacerbated by the five days it took the White House to brief Congressional leaders, a meeting two Republican Senators had excoriated as unacceptable and had them saying they would vote with Democrats in a war powers resolution.
Pompeo repeated this morning that Soleimani had been planning "a broad, large-scale attack against American interests," including U.S. embassies and bases in the region, and reiterated reports from the U.S. and its allies that the Ukrainian passenger jet that crashed after its takeoff in Iran, just hours after Iran had sent a retaliatory missile barrage at Americans housed in Iraqi bases, was "likely" shot down by an Iranian missile.
"When we get the results of that investigation, I am confident we and the rest of the world will take appropriate action," Pompeo said.
After 40 years of tension came to a head last month with the death of an American contractor, storming of the American embassy in Baghdad, and the killing of Soleimani, lawmakers worried the president had taken the U.S. to the brink of war with the Iran. On Jan. 8, Trump said Iran appeared to "be standing down" after its missile attack response.
A new analysis reveals that for more than two decades, the West has been the driest it has ever been since 800 A.D. The drought which began in 2000 has brought more devastating wildfires and draining water reserves well below healthy levels. Climate Scientists and Adjunct Associate Research Scientist at Lamont Doherty Earth Observatory at Columbia University,Benjamin Cook, joined Cheddar to discuss more.
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For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
A newly declassified letter by senators Ron Wyden and Martin Heinrich claimed the CIA. has been conducting a Secret Surveillance Program which has been collecting a bulk of data from American citizens. The letter which was written in April of 2021 urges the CIA to come clean about the kind of data it collects and how many Americans have been impacted. According to these two senators, the program did not have the safeguards of congressional oversight.
Art Hogan, Chief Market Strategist at National Securities, joined Cheddar News' Closing Bell, where he says investors are taking a wait-and-see approach when it comes to the situation between Russia and the Ukraine and elaborates on the impact higher oil prices stemming from the conflict would have on the market.
Last week, Senators Ron Wyden of Oregon and Martin Heinrich of New Mexico, Democrats on the Senate Intelligence Committee, wrote a a letter airing concerns that the CIA is collecting the data of American citizens without their consent. The lawmakers fear that the program might be exploiting private data. Morgan Wright, the chief security advisor at cybersecurity firm SentinelOne, joined Cheddar News to discuss the ramifications of the letter. "We don't have all the dots in one place to connect them," said Wright, cautioning against jumping to conclusions.
Russian President Vladimir Putin and his Foreign Minister Sergey Lavrov said that diplomacy is still possible, while U.S. officials warn that an attack on Ukraine is imminent. Cheddar News speaks with James Astill, Washington bureau chief of The Economist on the latest developments in Eastern Europe.
As the number of Russian troops rose to 130,000 along its Ukrainian border, hopes for a diplomatic solution remain among world leaders. Jason McMann, head of geopolitical risk analysis at Morning Consult, joined Cheddar News to break down the fluid situation. "We saw signs pointing towards an increase in tensions between Ukraine and Russia, whereas today we're seeing some signs that the Russian government may be willing to continue down a path of diplomatic negotiations to try and find some sort of non-military solution," he said.
