A Coup? Or Something Else? $1.5 Billion in US Aid Is on the Line

A Coup? Or Something Else? $1.5 Billion in US Aid Is on the Line

A Coup? Or Something Else? $1.5 Billion in US Aid Is on the Line...
cnbc.com 11/07/2013 News

Keywords:#American, #Cnbc.com, #Constitution, #Egypt, #Egyptian, #Mohamed_Morsi, #Morsi, #Obama, #President, #US, #United_States, #White_House

By all accounts, the generals removed the democratically elected president, put him in detention, arrested his allies and suspended the Constitution. Army vehicles and soldiers in riot gear roamed the streets, while jet fighters roared overhead.

But was it a military coup d'état? For the White House and the new Egyptian government, that is the $1.5 billion question.

President Obama's government on Thursday was reviewing the implications for American aid to Egypt after the ouster of President Mohamed Morsi, and under United States law it has no choice but to cut off financial assistance to the country if it determines that he was deposed in a military coup. Egyptian officials quickly argued that what happened was not a coup but a popular uprising. The White House and the new Egyptian government face a $1.5 billion question. The NYT reports....