White House: Not In Saudi Interest To Destabilize Global Economy

by
Reuters
Saudi Arabia recognizes the shared interest it has with the United States to protect the international financial system and it is not in the kingdom's interest to destabilize it, the White House said on Monday.

The comments, by White House spokesman Josh Earnest, came in response to a report that the Saudi Arabian government had threatened to sell hundreds of billions of dollars of U.S. assets should the U.S. Congress pass a bill that could hold the kingdom responsible for any role in the Sept. 11, 2001 attacks.

The administration opposes the bill, and Earnest said U.S. President Barack Obama would not sign such legislation. The president travels to Saudi Arabia later this week.

Read More: Saudi Arabia Could Sell Off Billions In American Assets If Bill Passes