really do. i m wolf blitzer. you re in the situation room. captions by vitac www.vitac.com we re following new developments in the alleged iranian terror plot to assassinate the saudi ambassador to the united states. among the latest, the u.s. has slapped sanctions on an iranian airline it says provided materials support for the plot. in tehran, the foreign ministry is protesting the allegations to a swiss diplomat in tehran. switzerland represents the two countrie countries. saudi officials are blasting iran over the plot. prince turkey, the former saudi intelligence chief, the former chief in washington warning, i m quoting, someone in iran is going to have to pay the price. we re also digging deeper into the american citizen charged in the case. lisa siylvester has been investigating. the 56-year-old is the man investigators say is at the center of this plot and authorities are describing him as ruthless, unconcerned about killing innocent people, but his closest
eye sip issa promising critics are warning issa don t turn the oversight strategy into a witch-hunt. that s right, harris. when republicans take over the house, they also take over all the committees and several of them intend to focus a magnifying glass on administration policies. my committee s lane is waste fraud abuse and government. certainly with $700 billion in the stimulus, this is a great opportunity to see if we can track where the money has gone accurately. issa will chair the oversight and government reform committee which is expected to play a key role not so much on investigations of wrongdoing but rather on oversight of bad or unworkable policies, overspending that doesn t produce results, or poorly managed agencies. republicans aren t going to get personal. what they re going to do is look at all the programs of the democrats have put in place, all the spending over the last couple of years. and they are going to try to peel it back like onion layers.
attention away from the high inflation rate running at 27%. that s higher than sim back way s rate of inflation. and from the fact that chavez has passed a series of laws in recent days that amount to a power grab. he pushed through measures that allow him to sen creditor censor the internet. that criminalizes free speech. free powers for the next 18 months. in essence going forward for the next 18 months, chavez is the president and the legislature all in one. chavez called the u.s. decision to revoke its ambassador s visa imperial. hairs, well, you know, jench, i mentioned in the lead-up to this story that they are our fifth supplier of oil. so we need their oil, don t we? that s right. there is no indication that that is going to change any time soon, that the united states has any plans to cut back on that the u.s. still imports nearly 1 million barrels of oil a day from venezuela, about 10% of u.s. oil imports all together.
harbor. new york city is pulling out all the stops. new york city s police commissioner says the city is prepared for a worst case scenario. we have several thousand radiation detectors that are deployed with our officers. we have large radiation detection equipment that we deploy on vehicles. we actually have it on all our harbor launcher notice water. so, we re certainly very sensitive to that issue. another security measure that is in place, new york city is actually sealing shut all the manhole covers. and you heard the mayor say just a moment ago, no backpacks no, alcohol. also, don t bother bringing your helicopter. the airspace over times square is going to be closed. harris? harris: oh, man, you just took the party away. i can t bring my chopper, dude? all right, look, police taking special precautions that you know of in light of all the recent terror attacks overseas, because we heard about those arrests that went on in the u.k. anything special that they are
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