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Deception? After striking an elusive nuclear deal with Iran, the Obama administration found itself in a quandary in early 2016: Iran had been promised access to its long-frozen overseas reserves, including $5.7 billion stuck in an Omani bank. To spend it, Iran wanted to convert the money into U.S. dollars and then euros, but top U.S. officials had repeatedly promised Congress that Iran would never gain access to America's financial system. Those assurances notwithstanding, the Obama administration secretly issued a license to let Iran sidestep U.S. sanctions for the brief moment required to convert the funds through an American bank, an investigation by Senate Republicans released Wednesday showed. Guy & Marie get reaction from National Review writer David French.

Bad to Worse! Trustees warn Medicare's giant trust fund for inpatient care won't be able to cover projected medical bills starting in 2026, three years earlier than previously expected. Social Security will become insolvent in 2034 _ no change. Brian Riedl , senior fellow at the Manhattan Institute breaks down the numbers.

Plus: Guest: Congressman Jim Banks (IN-03) talks North Korea summit.

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