WASHINGTON (Reuters) - The United States and Israel have agreed on a record $38 billion (28.83 billion pounds) package of U.S. military aid and will sign the new pact on Wednesday, enshrining defence funding for Washington’s closest Middle East ally for the next decade, officials said.
The deal will represent the biggest pledge of U.S. military assistance made to any country but also involves major concessions granted by Israeli Prime Minister Benjamin Netanyahu, according to officials on both sides and U.S. congressional aides.