TFA: Iran threatens U.S. Navy as sanctions hit economy
NPR Dec 2011The powerful pro-Israel lobby and a leading Jewish advocacy group on Wednesday endorsed tough sanctions on Iran's Central Bank as Congress wrestles with an Obama administration plea to ease the impact of the penalties to avoid driving up oil prices.In a letter to lawmakers, the American Israel Public Affairs Committee said the sanctions would contribute to the U.S. effort to pressure Tehran economically and could dissuade Iran from pursuing a nuclear weapon. Separately, the American Jewish Committee wrote to Defense Secretary Leon Panetta backing the penalties that would target foreign financial institutions that do business with the Central Bank.Last week, the Senate voted 100-0 for an amendment by Sens. Mark Kirk, R-Ill., and Bob Menendez, D-N.J., to add the sanctions to a broad defense bill. House and Senate negotiators are meeting this week to try to iron out the differences between their respective bills and produce a final version of the legislation for President Barack Obama's signature.NJ Jewish NewsMenendez said their opposition undermined a compromise he struck with Sen. Mark Kirk (R-Ill.) on legislation that was eventually passed in the Senate by a vote of 100-0.The White House countered that the Kirk-Menendez amendment could actually help the Iranian economy if foreign banks resisted American unilateral efforts.This week Menendez stood by his approach on sanctions, which he developed in consultation with the American Israel Public Affairs Committee.