By Ryan Mauro
The U.S. government is about to add $450 million to its
$16 trillion debt for the sake of Muslim Brotherhood-run Egypt. According to
the New York Times the emergency cash
transfer is part of a $1 billion aid package pledged in May. The original plan
was to provide $190 million as soon as possible, but the declining economic
conditions of Egypt convinced the Obama Administration to more than double that
amount. Another $260 million will be delivered once Egypt secures a $4.8
billion loan from the International Monetary Fund. [more...]
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