U.S. National Security Adviser Susan Rice says a new $38 billion aid package to Israel will improve the security of both countries, at a signing ceremony at the U.S. State Department in Washington, D.C. Rough Cut (no reporter narration).
Rice: aid deal is “win-win” for U.S., Israel
ROUGH CUT (NO REPORTER NARRATION).
Story: The U.S. signed a new $38 billion aid package for Israel at a ceremony at the U.S. State Department in Washington, D.C. on Wednesday (September 14).
U.S. National Security Adviser Susan Rice hailed the deal as a “win-win” situation that will improve the security of both countries. Acting Israel National Security Adviser Jacob Nagel said the new-10-year pact will help to fight terrorism in the region and abroad.
The plan constitutes the most ever given to any country by the U.S. and was reported by Reuters earlier. The deal includes:
-$500 million a year for Israeli missile defense funding, the first time this has been formally built into the aid pact.
-A phasing-out of a special arrangement that for decades has allowed Israel to use a quarter of the U.S. aid on its own defense industry instead of American-made weapons.
-Elimination of a long-standing provision that has allowed Israel to use a portion of the U.S. aid to buy military fuel.