Infrastructure

Obama commits US to backing $1 billion Iraqi bond

By Nicole Duran
Published January 18, 2017 9:10pm ET
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Obama commits US to backing $1 billion Iraqi bond
The Iraqi government has struggled to pay its bills and maintain critical infrastructure. (AP Photo/Karim Kadim) | Karim Kadim

With only two days left on the clock, the Obama administration committed the United States to completely guaranteeing the Iraqi government’s $1 billion bond offering.

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Barack Obama Congress Finance International Monetary Fund Iraq ISIS Minusextra Nicole Duran State Department Stocks and Bonds