Economy

OBAMA ADMIN ADMITS $400M IRAN CASH RANSOM: ‘WOULDN’T GIVE THEM $400M IN CASH UNTIL PRISONERS RELEASED’

The State Department admitted Thursday that the US would not hand over $400 million in cash to Iran until it released four American hostages — two weeks after President Obama insisted the payment was not a “ransom.”


State Department spokesman John Kirby was asked at Thursday’s press briefing: “In basic English, you’re saying you wouldn’t give them $400 million in cash until the prisoners were released, correct?”


“That’s correct,” Kirby replied.


In an Aug. 4 press conference, President Obama said the opposite.


“We do not pay ransom. We didn’t here, and we won’t in the future,” the president told reporters, speaking of the Jan. 17 payment and hostage release.

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