In news on Libya, the United States and 31 other nations have formally recognized the rebel-led Transitional National Council as the legitimate governing authority of Libya. U.S. Secretary of State Hillary Clinton said the recognition should open the rebels to various forms of funding. About $34 billion in frozen Libyan government assets are being held in the United States.
U.S. Joins 31 Other Nations to Recognize Libyan Rebel Council as Legitimate Government
HeadlineJul 18, 2011