U.S. Undersecretary of State for Economic Affairs Stuart Eizenstat is visiting Israel to continue negotiations over an Israeli proposal to reduce aid from the United States. The plan would result in a $600 million cut over a 10-to 12-year period in the current $3 billion annual U.S. aid package. Both sides hope to agree on the proposed phaseout before Congress begins working on the foreign aid bill in July. Meanwhile, Eizenstat said the United States is planning a conference to raise funds for the Palestinian Authority. He made the announcement during a visit to the West Bank town of Nablus.
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