CBS News reports: The U.S. is cutting hundreds of millions of dollars in aid to Egypt following the ouster of President Mohamed Morsi and the subsequent crackdown by the military-backed government.
The U.S. provides $1.5 billion in aid each year to Egypt. While the State Department did not provide a dollar amount of the aid being cut, it amounts to hundreds of millions in mostly military aid. The move had been debated for some time.
As CBS News State Department correspondent Margaret Brennan reports, how to deal with Egypt since the military coup has been one of the most vexing foreign policy questions for the Obama administration.
State Department spokeswoman Jen Psaki says the U.S. will withhold delivery of certain large-scale military systems as well as cash assistance to the Egyptian government until “credible progress” is made toward an inclusive government set up through free and fair elections.
The U.S. will continue to provide health and education assistance and money to help Egypt secure its borders, counter terrorism and ensure security in the Sinai.