BREAKING NEWS

Sequester to reduce US aid to Israel by 8%

US military aid to Israel for fiscal year 2013 will be reduced by 5%, instead of the 8% initially planned, amounting to $155 million, rather than $250 million, out of $3.1 billion.
Minister of Finance Yuval Steinitz was notified of the decision on Thursday by "reliable sources" in Washington, as his aides put it. Top Ministry of Finance officials told Globes that the reduction was not dramatic, and that even after the cut, US military aid this year will be larger than in 2012.
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