Jan31: #Egypt's $1.5B U.S. aid questioned by Congress amid crackdown, setting the stage for cuts or conditions

Jan31

#Egypt's $1.5B U.S. aid questioned by Congress amid crackdown, setting the stage for cuts or conditions Feb 1st 2013, 19:17 Bloomberg News ‏@BloombergNews Egypt's $1.5B U.S. aid questioned by Congress amid crackdown |http://bloom.bg/XWNLjE  Followed by Farshad Mohammadi  Expand   Reply   Retweet   Favorite  Buffer    More Egypt's $1.5 Billion U.S. Aid Questioned Amid Crackdown U.S. lawmakers are questioning whether to continue sending $1.5 billion a year in aid to Egypt, setting the stage for cuts or conditions that may weaken relations, jeopardize Egypt's peace treaty... Bloomberg News @BloombergNews · Follow Egypt's $1.5 Billion U.S. Aid Questioned Amid Crackdown By Nicole Gaouette & Laura Litvan - Jan 31, 2013 10:30 PM ET Facebook Share LinkedIn Google +1 COMMENTS Print QUEUE Q U.S. lawmakers are questioning whether to continue sending $1.5 billion a year in aid to Egypt, setting the stage for cuts or conditions that may weaken relations, jeopardize Egypt's peace treaty with Israel, and hurt U.S. defense companies. The political turmoil in Egypt, with the Muslim Brotherhood coming to power through elections, coincides with intense pressure on Congress to cut federal spending. While Egyptian aid is tiny relative to the budget deficit, foreign aid has never been popular with lawmakers since polls show that voters favor cutting what they think is a costly program. Enlarge image Egyptian President Mohamed Mursi looks at documents at the start of the third Arab Economic, Social and Development Summit, in Riyadh, Saudi Arabia. Photographer: Fayez Nureldine/AFP via Getty Images "It is becoming increasingly difficult to make the case for assistance to the Egyptian government," said Senator Patrick Leahy, the Vermont Democrat who heads the subcommittee that oversees spending on foreign operations. The issue is gaining attention as Egyptian President Mohamed Mursi has sought to quell protests with force, following other... [Summary, click link above for rest of the story]

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