US Grants 3-Year Extension of Loan Guarantees to Israel

The US government has announced that it will recommend that Congress approve a three-year extension of loan guarantees to Israel, worth $3.8 billion.

Deputy U.S. Secretary of State Thomas Nides announced the decision at a meeting with Israeli Deputy Foreign Minister Danny Ayalon on earlier in the week. The recommendation is expected to receive wide bi-partisan support in Congress and be approved without incident.