D.C. Roundup: Ally yes, foreign aid no
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On Thursday, U.S. Sen. Jim Inhofe introduced a resolution to cut off foreign aid to Egypt.
On Friday, he condemned President Barack Obama for saying Egypt is not an ally. "Here we are in the midst of an international crisis, and (the) president blew it," Inhofe said. Last week, after an attack on the U.S. embassy in Cairo, Obama said, "I don't think that we would consider (Egypt) an ally, but we don't consider them an enemy." Later the White House said Obama was speaking in general terms, and acknowledged that Egypt is generally considered an ally, although it does not have formal defense treaties with the United States.Acquisition raises concerns: Inhofe was among several senators who asked Treasury Secretary Timothy Geithner last week to intervene in the proposed $15.1 billion acquisition of Nexen Inc. by the Chinese National Offshore Oil Co. Ltd. Nexen is a Canadian oil and gas company that operates a U.S. subsidiary. It has substantial holdings in western Canada and the Gulf of Mexico. Geithner is chairman of the Committee on Foreign Investment in the United States, a federal review board that determines the national security implications of foreign acquisitions on U.S. soil.
House hangs it up: Majority Leader Eric Cantor says this is the last week for business in the House of Representatives until after the election. One bill to be considered would bar the Environmental Protection Agency from enforcing new emissions standards for coal-fired electric plants.
