Israeli Finance Minister Ya’acov Ne’eman announced that “Israel is ready to take a bold step” and phase out the $1.2 billion in annual economic assistance it receives from Washington. Under a proposal that he made to leading members of the U.S. Congress, the economic aid would be phased out over 10 years while Israel’s annual $1.8 billion in U.S. military aid would be increased by some $600 million, Israeli and congressional sources said.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
