(Globes) Ran Dagoni - The U.S. Congress is expected to approve $50 million for a joint U.S.-Israel fund to develop counter-terrorism ventures that will begin operating in 2005. Israel Ambassador to the U.S. Daniel Ayalon said the fund would be similar to the Israel-U.S. Binational Industrial Research and Development Foundation. Each party will budget $5 million a year for five years, with U.S. funding coming from the Department for Homeland Security. Undersecretary for Border and Transportation Security Asa Hutchinson said that Washington viewed Israel as more than just a loyal friend, but as an experienced partner in the war on terrorism.
2004-05-11 00:00:00Full ArticleBACK Visit the Daily Alert Archive