Obama set to speed up aid to Egypt

Undersecretary of State Robert Hormats, part of a U.S. delegation that held unprecedented talks last week with Egypt’s Muslim Brotherhood, said Washington wanted to provide “more immediate benefits” to Egyptians, who earlier this month conducted their first democratic elections in decades.

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“During this period, we want to be as supportive as we can. This is an historic moment. Egypt’s a country of enormous importance,” Hormats said.

Under the plan, some non-urgent U.S. aid slated for other countries – he did not name them – would be redirected to Egypt. And funding in the pipeline for long-term programs in Egypt would be shifted to quick-impact projects, he said.

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