U.S. Nears $1B Egypt Aid Deal

The United States just made an expensive deal with Egypt, offering to take care of $1 billion of the country's debt as part of an effort to facilitate a move towards democracy. The agreement has been in the works for over a year, but was delayed by the Obama administration's hesitancy to get involve itself with newly-elected Egyptian leaders--amid political turmoil--at the risk of harming relationships with other countries, like China. The U.S. government is also supporting a $4.8 billion loan from the International Monetary Fund to Egypt, further proving its dedication to helping the country as it stands to provide stability amid the turmoil still raging across much of the Middle East.