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Congressional Committee Roundup, May 19-23

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WASHINGTON D.C. – Financial, FATA and fuel security concerns dominated Congressional foreign policy committee meetings this week – no surprise, given the dismal economic and political news simultaneously coming out of Wall Street and Islamabad. The House Committee on Foreign Affairs began the week with a hearing to determine the full impact of sovereign wealth funds and, according to Chairman Howard L. Berman, “the power that these massive funds may have over U.S. national security interests.” But contrary to Berman’s opening remarks, the experts seemed to agree that SWFs are symptomatic of U.S. economic downturn, if not a changing world […]

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