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By Karen Freifeld NEW YORK (Reuters) - German lender Commerzbank AG is expected to pay between $600 million and $800 million to resolve investigations into its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said. Other U.S. authorities, including the Department of Justice, the Treasury Department, the Federal Reserve and the Manhattan District Attorney, are also involved in the talks. Among the violations being investigated are Commerzbank's transactions for the Islamic Republic of Iran Shipping Lines, one of the sources said. The state-sponsored shipping company was designated for economic sanctions by the United States in 2008 for allegedly supporting Iran's proliferation of weapons of mass destruction.
By Steve Holland and Jeff Mason DALLAS/WASHINGTON (Reuters) - President Barack Obama expressed concern on Wednesday that his request to Congress for $3.7 billion to tackle a border crisis could fall victim to partisan politics and urged Texas Governor Rick Perry, a sharp critic, to get behind his effort. "Are folks more interested in politics or are they more interested in solving the problem," Obama said he told Perry. If the preference is for politics then it won’t be solved." Obama visited Texas for the first time since the influx of child migrants from Central America overwhelmed border resources. He had talks with Perry aboard his Marine One helicopter and in a group meeting with local officials that Obama called constructive.
WASHINGTON (AP) — Tens of thousands of children streaming from chaotic Central American nations to the U.S. border have overwhelmed the government's ability to respond, senior administration officials said Wednesday as President Barack Obama urged Congress to move swiftly to approve emergency spending request for the crisis.