US debt relief plan for Egypt could go to Congress soon
None
The Obama administration hopes to go to Congress soon with a plan for using $1 billion in debt relief to help Egypt stabilize its economy and expand its private sector, a senior US State Department official said on Friday.
"My hope would be is that we would go to the Congress very shortly with a framework of how we recommend that this money be allocated," U.S. Deputy Secretary of State Thomas Nides told reporters during a conference call to discuss goals for a U.S. business delegation headed to Egypt this weekend. (Reuters)
