U.S. faces substantial losses if Egypt aid halted: official

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WASHINGTON (Reuters) - The U.S. government faces billions of dollars in potential costs if it decides to cancel foreign military aid to Egypt, a senior Pentagon official told Reuters on Wednesday. Richard Genaille, deputy director of the Pentagon's Defense Security Cooperation Agency, said he hoped the Obama administration reached a decision soon on whether to continue $1.23 billion in U.S. military assistance to Egypt, given the large number of weapons shipments in the pipeline. "We're kind of antsy about that," Genaille said after a speech at the ComDef industry conference in Washington. ...




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