UPDATE: Parliament elects new president, prioritizes budget
After selection of Fuad Masum as president, the all-important budget must compete with political and security crises for politicians' attention.
Iraqi President Fuad Masum speaks during a news conference in Baghdad on July 24, 2014, shortly after being elected to office. (AHMED SAAD/Reuters)
BAGHDAD - Iraq's new Parliament is moving forward with the business of governing, electing Fuad Masum president on July 24 and making efforts to pass the long-delayed 2014 budget.
The election of Masum, a Kurd, represents a key step toward forming a new, inclusive government and addressing the country's interlocking political and security crises. Iraq's minority communities complain they have been marginalized, and a militant uprising has drawn strength from the acrimony.
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