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Biden Moves to Split $7 Billion in Frozen Afghan Funds

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“President Biden will start to clear a legal path for certain relatives of victims of the Sept. 11, 2001, attacks to pursue $3.5 billion from assets that Afghanistan’s central bank had deposited in New York before the Taliban takeover,“ the New York Times reports.

“At the same time, Mr. Biden will issue an executive order invoking emergency powers to consolidate and freeze all $7 billion of the total assets the Afghan central bank kept in New York and ask a judge for permission to move the other $3.5 billion to a trust fund to pay for immediate humanitarian relief efforts and other needs in Afghanistan.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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