Obama Plans $450 Million Cash For Egypt

The Obama administration notified Congress on Friday that it intends to give Egypt’s new government an emergency cash infusion of $450 million, but the move immediately encountered resistance from lawmakers wary of foreign aid in general and of Egypt’s new course under the leadership of the Muslim Brotherhood.

The aid is part of $1 billion in assistance that the Obama administration has pledged to Egypt to bolster its economy and its transition to democracy following the overthrow last year of Hosni Mubarak, the country’s autocratic president.

Its fate, however, was clouded because of concerns over some of the new government’s policies and its handling of anti-American protests two weeks ago that overwhelmed the American Embassy in Cairo.

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