News Briefs

  Tishrei 13, 5773 , 29/09/12

US to give Egypt $450 Million in Aid

The White House announced to Congress Friday that $450 million in taxpayer money would soon be going to Egypt to help in emergency assistance. 

The large sum of American dollars is part of the $1 billion in aid promised to Egypt by the Obama administration after the ousting of ex President Mubarak. The money is intended to be used to help the country transition into a democracy, but with ongoing unrest in the region and violent protests that threatened the American Embassy in Cairo this month, many are unsure if this is a wise move and are skeptical of the newly assembled Egyptian government's ability to allocate the funds as they are intended. 

However, the Obama administration stands behind its decision. “Our partnership must empower those who would see their nations emerge as true democracies,” Secretary of State Hillary Clinton said at the U.N. General Assembly this week.

Other archived news briefs:Sep 29 2012, 08:58 PM, 9/29/2012