- The Saudis will retaliate by dumping US treasuries and the dollar! Interest rates will shoot up.
- Obama Humiliated: For The First Time, Congress Votes To Override President’s “Sept 11” Bill Veto
by Tyler Durden, www.zerohedge.com
Summary: US Congress, first the Senate and then the House, humiliated the president when it voted on Wednesday to override Obama for the first time in his eight-year tenure, as the House rejected a veto of legislation allowing families of terrorist victims to sue Saudi Arabia. The House easily cleared the two-thirds threshold with a 348-77 vote to push back against the veto. The Senate voted 97-1 in favor of the override earlier in the day, with only Democratic Leader Harry Reid voting to sustain the president’s veto.
“We can no longer allow those who injure and kill Americans to hide behind legal loopholes denying justice to the victims of terror,” said House Judiciary Committee Chairman Bob Goodlatte (R-Va.). The White House immediately slammed lawmakers following the Senate vote.
Update: moments ago the House also overrode Obama’s veto, meaning that as of this moment, the Sept 11 bill is now law.
* HOUSE HAS VOTES TO OVERRIDE VETO OF SAUDI BILL, VOTE ONGOING
This is the first time an Obama veto has been overriden by Congress.