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BREAKING
Al Mayadeen's Plus sources: Committee will strike articles on freezing finances of a number of international entities and parties which were mistakenly added to first decision.
Al Mayadeen Plus sources: Committee will fix error in decision pertaining to terror organization funds.
Al Mayadeen Plus sources: Iraq's Committee for Freezing Terrorists' Assets to hold emergency meeting today.
Al Mayadeen's correspondent in South Lebanon: Israeli strike targets Mahrouna, Tyre District.
Israeli media commenting on Abu Shabab: This is a negative development for "Israel".
Israeli media: Yasser Abu Shabab, cohorts, killed in Rafah, southern Gaza.
The Iraqi Official Gazette will issue a correction to remove the wrongly listed parties and entities from the terrorism-related designation
Several political parties and entities were mistakenly included in the published list despite having no connection to terrorist activity
Iraq clarifies that its approval was strictly limited to freezing the assets of entities and individuals linked only to ISIS and Al-Qaeda
The Central Bank of Iraq issues a clarifying statement regarding Decision No. 61 of the Terrorists’ Funds Freezing Committee, as published in the Iraqi Official Gazette

Republicans threaten to kill China bill

  • By Al Mayadeen English
  • Source: Agencies
  • 1 Jul 2022 12:16
2 Min Read

Republican Senator Mitch McConnel seeks to exchange the China bill with the climate, energy, and tax deal that Democrats are working on with Senator Joe Manchin

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  • Republican Senator Mitch McConnel takes the China bill hostage
    Republican Senator Mitch McConnel takes the China bill hostage

Senate Minority Leader Mitch McConnell, a Republican Senator for Kentucky, gave the Democrats of the Senate as well as the White House a notice that his party is willing to kill the China bipartisan bill if Democrats continue to push for a climate, energy, and tax deal with Senator Joe Manchin. 

In a tweet that echoed throughout the US, McConnell declared his intent to hold the China bill captive awaiting his demands to be met by the Democrats. "Let me be perfectly clear: there will be no bipartisan USICA as long as Democrats are pursuing a partisan reconciliation bill,” the tweet read, referring to the bill's Senate acronym.

Let me be perfectly clear: there will be no bipartisan USICA as long as Democrats are pursuing a partisan reconciliation bill.

— Leader McConnell (@LeaderMcConnell) June 30, 2022

Why it matters

The China bill, which several Republicans voted for back in May, includes approximately $50 billion for the domestic semiconductor industry and some $100 billion for the National Science Foundation. This bill, thus,  is a key priority for US Sen. Chuck Schummer and US President Joe Biden. Sen. McConnell is well aware of the importance of this bill and seems to not break a sweat regarding the possible political ramifications of perhaps destroying a bill that business leaders are urging Congress to act on.

For weeks, Senate Democrats have secretly worried that McConnell would make them pick between a scaled-back Build Back Better measure and billions of dollars to support the development of the US semiconductor sector and boost American technical competitiveness with China. Now his strategy is clear as he has publicly taken the bill hostage until his demands are met the US House faces another series of turmoil.

Read more: We'd have to borrow money from China to aid Ukraine: US Senator

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  • House of Representatives
  • white house
  • Pentagon
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  • Democratic Party
  • Mitch McConnell
  • Chuck Schumer

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