BREAKING NEWS

Ahmadinejad attacks rivals in Iran parliament

By ASSOCIATED PRESS

JANUARY 24, 2011 23:48

Iran's hardline president sharply criticized his rivals in parliament Monday for seeking to curb his powers to appoint the central bank governor.

The attack by Mahmoud Ahmadinejad was the latest sign of strains over the country's faltering economy, which rivals have accused the president of mismanaging. Iran recently lifted subsidies on food and fuel that sent prices soaring, perhaps a sign that multiple rounds of international sanctions over the country's disputed nuclear program are taking a toll on the economy.

New legislation approved in November by the conservative-dominated parliament requires approval of the legislature for appointing the central bank governor. The legislation has been blocked by a powerful constitutional watchdog called the Guardian Council, which needed to approve it to become law. The council deemed it violated the constitution.

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