U.S. nears deal to cut Egypt’s debt by $1 billion

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[When can U.S. taxpayers expect the same forgiveness — or will they be the ones to make up the difference instead?]  “The United States is weighing a deal with Egypt’s new rulers to relieve $1 billion worth of debt, The New York Times reported.  U.S. President Barack Obama first promised the aid in May 2011, along with another $1 billion destined to assist Egypt’s democratic transition after the fall of longtime ruler Hosni Mubarak.”

http://www.rawstory.com/rs/2012/09/04/report-u-s-nears-deal-to-cut-egypt-debt-by-1-billion/

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