Obama: I will veto new sanctions on Iran

During a meeting at the White House with U.K. Prime Minister David Cameron, President Obama said that he would veto any bill Congress proposes about sanctions on Iran.

"Through some very strong diplomatic work, we united the world and isolated Iran," Obama said. He admitted that the odds of reaching a nuclear deal with Iran are "less than 50-50," but he emphasized that he wants the U.S. to wait a few more months to see if a deal can be reached.

"Congress needs to show patience," Obama said, adding that the proposed sanctions should be saved in case a deal isn't reached. He stressed that waiting on sanctions will allow the U.S. to potentially solve a "big problem" without resorting to war. Obama said that there is "no good argument" to undercut negotiations with Iran until they've played themselves out.

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