U.S. Unveils $2 Billion Aid Package for Egypt

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The New York Times
Wed, May 18, 2011 -- 9:05 PM ET

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U.S. Unveils $2 Billion Aid Package for Egypt

Few game-changing proposals are emerging to defuse soaring
tensions in the Middle East as a busy week of diplomacy
unfolds with President Obama's address to the region and his
meeting with Israel's prime minister.

Against the backdrop of Middle East uprisings that have
intensified animus toward Israel and growing momentum for
global recognition of a Palestinian state, American and
Israeli officials are struggling to balance national security
interests against the need to adapt to a transformative
movement in the Arab world.

The White House unveiled a $2 billion multiyear economic aid
package for Egypt, which officials say would largely shift
existing funds. Prime Minister Benjamin Netanyahu of Israel
prepared to arrive in Washington with a familiar package that
he hoped would shift the burden of restarting the peace
process from Israel to the Palestinians.
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http://www.nytimes.com/2011/05/19/world/middleeast/19diplo.html?emc=na