US senators reach bipartisan deal on Russia and Iran sanctions

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Posted Jul 29, 2026, 12:30 AM UTC · In the digest of 2026-07-29-0030

US senators have agreed on a bipartisan deal targeting Russia and Iran with sanctions, alongside broader debates on foreign policy and Federal Reserve interest rates.

United States senators have reached a bipartisan agreement regarding new sanctions aimed at Russia and Iran, according to discussions on Bloomberg's Balance of Power program.

During the broadcast, Evelyn Farkas, executive director of the McCain Institute, highlighted the role played by key lawmakers in maintaining support for Ukraine and other front-line democracies. The agreement underscores continued congressional alignment on key foreign policy measures targeting foreign adversaries.

Additionally, economic policy discussions featured former Council of Economic Advisers Chair Jared Bernstein, who weighed in on the potential for the Federal Reserve to adjust benchmark interest rates.

Sources: Bloomberg.

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