Report: US to Cut Aid to Israel by $150M

End Of Days News

An unconfirmed report says American foreign aid to Israel is going to be cut by $150 million. The figure is lower than what was expected.

 

 

Although the cuts will be lower than expected, Israel will nevertheless feel the sting of the axe as America slashes its budget for fiscal 2013, sources said Thursday in an as-yet unconfirmed report.

Instead of the originally-expected $250 million cut, U.S. foreign aid to Israel will drop by $150 million, Washington sources allegedly told Finance Minister Yuval Steinitz.

The sources said the cut was unavoidable, given the across-the-board slash, down from eight percent to five percent, in the nation’s budget.

Numerous Israeli firms that provide products and services to the U.S. government, including those in the military industries, are expected to be affected by the reduction.

http://www.israelnationalnews.com/News/News.aspx/165985#.UTjvsxykqoM