August 2016: $400 Million Cash Payment to Iran Tied to Hostage Release
Updated February 11, 2017 | Infoplease Staff
Here's a slideshow depicting the major U.S. news events of August 2016.
1. CDC Issues Zika Warning 2. U.S. Launches Airstrikes Against ISIS in Libya 3. DNC Cleans House 4. Mobsters Arrested 5. Delta Is Grounded 6. First U.S. Zika Death 7. Michael Phelps, Golden Boy 8. ESPN's John Saunders Dies 9. Deadly Police Stop Sparks Violence in Milwaukee 10. Cash Payment to Iran Tied to Prisoner Release 11. Gawker Shuts Down 12. U.S. To Phase Out Private Prisons 13. Manafort Resigns from Trump Campaign 14. Federal Judge Rejects Obama's Transgender Bathroom Regulations 15. Actor and Funnyman Gene Wilder Dies
- $400 Million Cash Payment to Iran Tied to Hostage Release
- On August 18, the Obama administration admits that a $400 million cash payment related to a 1970s military equipment deal with Iran was "contingent" on the release of four American citizens held by Iran. Since the Jan. 17 deal, critics have called it a ransom situation, but until now, the State Department denied any links between the two negotiations. Barack Obama claims the deal was based on diplomatic conversations and meaningful communication. The House Financial Services is still considering the possibility of holding hearings, but is asking for all of the records related to the deal and names of the people involved in the transfer.
- Photo source: Kevin Lamarque/Pool Photo via AP