US Senate banking chairman inclined to hold off on Iran sanctions

Senator Tim Johnson, the Democratic chairman of the US Senate Banking Committee, said on Tuesday he is inclined to hold off for now on legislation to impose any further sanctions on Iran.

"The president and Secretary Kerry have made a strong case for a pause in Congressional action on new Iran sanctions, so I am inclined to support their request and hold off on committee action for now," Johnson said in a statement. (Reuters)