Politics Breaking News: Proposed U.S. House Bill Keeps Egypt Military Aid at $1.3 Billion

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Politics Breaking News: Proposed U.S. House Bill Keeps Egypt Military Aid at $1.3 Billion

Politics Breaking News: Proposed U.S. House Bill Keeps Egypt Military Aid at $1.3 Billion
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Politics Breaking News: Proposed U.S. House Bill Keeps Egypt Military Aid at $1.3 Billion

Wochit 1:07 mins

Leaders of the U.S. House of Representatives panel in charge of aid to Egypt proposed that military aid be kept at $1.3 billion next year, subject to conditions including the government planning and holding elections. U.S. law bars aid to countries where there has been a military coup. Lawmakers say that determination is up to the Obama administration, not Congress. Federal Reserve Chairman Ben Bernanke was set to deliver written remarks to the U.S. Senate Banking Committee that were virtually identical to prepared remarks he gave the day before to the House Financial Services Committee. Bernanke has made no public comment about his future plans, but is widely expected to step down when his term at the Fed's helm ends in January. Vice President Joe Biden says he might run for president in 2016, and one of the factors he will consider in making his decision is whether he has as much energy then as he does now.

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