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US Politics Can Impact Deal

US Politics Can Impact Deal
US Politics Can Impact Deal

In an article published on Friday, the Economist commented that US domestic politics is unlikely to make a nuclear deal between Iran and the major powers any easier and may well make one harder.

The article said, “The Democrats’ loss of the Senate in the mid-term elections poses two problems for Mr. Kerry (US Secretary of State). First, it is even harder for him to promise that American sanctions will definitively be lifted (as opposed to suspended by presidential waiver). Second, hawks may now be able to promote a previously stalled bipartisan bill to tighten sanctions (it would almost certainly be vetoed by President Barack Obama). Some argue that Congress must stand tough in order to get the best deal. That said, a tantalizing grand bargain with Iran, which might ease tensions elsewhere, seems to have moved a bit further out of reach”.    

 

Financialtribune.com