Word: agreement
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...House Homeland Security Committee Chairman Peter King confirmed in a phone interview early Saturday afternoon to TIME that officials were close to a deal involving the Congressional leadership, the White House and the Dubai company. The agreement would call for a 45-day ?CFIUS-plus investigation,? King said, referring to the Committee on Foreign Investment in the United States, a Treasury Department-run interagency panel that probes proposed acquisitions...
...Although the Dubai deal had already been approved by CFIUS, "the rationale for reopening it is, once DP carved out the American ports from the rest of the contract it changed the nature of the agreement so it had to be reviewed again," says King, who had been among the leading GOP voices opposing the deal as first approved without the extra 45-day review process or briefing of Congress. King says will await final details before formally backing any such deal. King added "If we are going to hold back on legislation, I think there has to be continuous...
...Bush and Indian Prime Minister Manmohan Singh will tackle many issues at the summit, including tsunami relief, supporting the Afghan government, Iran's nuclear ambitions, returning democracy to Nepal, and containing avian flu. But one of the most crucial items on the agenda is the two nations' impending Nuclear Agreement. Last July, Singh and Bush agreed on the broad outlines of a nuclear deal that would require India to separate its military and civilian nuclear programs. In exchange the U.S. would share nuclear technology with India, whose population now exceeds one billion and whose energy demand has been voracious...
...Closing the deal is not guaranteed. U.S. and Indian negotiators have been at it in recent days and Undersecretary Of State Nicholas Burns arrives in the region this week to help put the agreement to bed. Among the sticking points are the proportion of its nuclear program that will be opened to international inspection. "I'll continue to encourage India to produce a credible, transparent and defensible plan to separate its civilian and military programs," Mr. Bush said in an appearance at a meeting of the Asia Society in Washington, D.C., on Wednesday...
...Even if U.S. and Indian negotiators get to a deal, selling it to the U.S. Congress and to India?s parliament won?t be simple. Many in the U.S. fear that the agreement undermines the Nuclear Non-Proliferation Treaty, which India has not signed. And in India, where the nuclear program is a deep source of national pride and the ultimate defense against nuclear neighbor Pakistan, there is considerable unease about international inspectors scrutinizing India?s prized program...