'US, Israel agree to record military aid deal worth at least $38 billion'
Source: Jerusalem Post
Sources say 10-year agreement is due to be signed within days.
The United States and Israel have reached final agreement on a record new package of at least $38 billion in US military aid and the 10-year pact is expected to be signed within days, sources close to the matter told Reuters on Tuesday.
The deal will represent the biggest pledge of US military assistance ever made to any country but also includes major concessions granted by Prime Minister Benjamin Netanyahu, according to officials on both sides.
Those include Israel's agreement not to seek additional funds from Congress beyond what will be guaranteed annually in the new package, and also to phase out a special arrangement that has allowed Israel to spend part of its US aid on its own defense industry instead of on American-made weapons, the officials said.
Read more: http://www.jpost.com/Israel-News/Politics-And-Diplomacy/US-agrees-to-military-aid-deal-with-Israel-worth-at-least-38-billion-467613
ErikJ
(6,335 posts)They have to use $ only for US hardware.
vkkv
(3,384 posts)""but also includes major concessions granted by Prime Minister Benjamin Netanyahu, according to officials on both sides. ""
Like not stealing your neighbor's land and water or creating an international messes? Is that in the reached "agreement"?
Right, thought not.
forest444
(5,902 posts)With the exception of Bush's illegal invasion of Iraq (which cost a lot more), this will surely be the most counterproductive $38 billion in taxpayer funds ever spent.