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U.S. to Reduce Egypt Aid

CNN

The announcement comes in the wake of the July coup against President Mohamed Morsy and the turmoil that has followed as recently as this week, one U.S. official said Tuesday.”

“However, some military aid could continue, including funds to uphold Egypt’s obligations under its peace treaty with Israel, and money for counterterrorism and security in Sinai, where extremists have been able to set up base, according to a senior U.S. official. The United States will also maintain nonmilitary funding that helps democracy promotion, the official said.”

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