US Treasury Secretary Says Congress Will Accept Dubai Ports Deal

  • 12/15/2022
  • 21:14
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Washington, Mar 1, SPA -- During an extended review period, the Bush administration will be able to persuade the U.S. Congress to accept a deal for the management of six major U.S. ports by a state-owned Dubai company, Treasury Secretary John Snow said Tuesday. "I think as Congress looks at this, they're going to be convinced as we were … that this transaction is entirely consistent with the national security," Snow told CNBC financial news television when asked whether the Bush administration could defeat threats by some lawmakers to block the deal. Facing a bipartisan opposition to the agreement to have Dubai Ports World manage terminals at key ports, the White House agreed on Sunday to a new 45-day security review of the deal.--SPA 13 41 Local Time 10 41 GMT www.spa.gov.sa/335878

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