New Financial Tool for Iraq Fight | World Latest | Guardian Unlimited: "The Bush administration announced a new tool Tuesday aimed at putting a financial squeeze on people who run networks that recruit and send would-be terrorists into Iraq.

President Bush unveiled an executive order that allows the administration to block bank accounts and any other financial assets that might be found in this country belonging to people, companies or groups that the United States deems are working to threaten stability in Iraq.

Bush cited the ``unusual and extraordinary threat'' to national security and foreign policy of the United States ``posed by acts of violence threatening the peace and stability of Iraq and undermining efforts to promote economic reconstruction and political reform in Iraq and to provide humanitarian assistance to the Iraqi people.''

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Treasury Secretary Henry Paulson, in consultation with secretaries of State and Defense, is authorized to take action under the president's new executive order. Levey wouldn't say how soon the administration would use its new authority.
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(Read Original Article - Via Guardian Unlimited.)