State Dept: US looking at possible Libya asset freeze

The United States will consider possibly freezing assets belonging to the Libyan government and leader Muammar Gaddafi as it weighs its response to Libya's political crisis but no decision has been taken yet, the US State Department said on Wednesday.

"Is it in the toolbox? Yes," State Department spokesman P.J. Crowley said when asked if possible asset freezes were under consideration. Crowley stressed any future steps, including possible sanctions or asset freezes, would be coordinated with the international community. (Reuters)