A unique and prestigious residential project in now being built in Mekor Haim Street in Jerusalem.
Finance Minister Yuval Steinitz expressed concern Sunday that U.S. financial difficulties would affect Israel’s economy.
“We are very worried about the financial difficulties in the U.S., and I hope they won’t hurt us,” he said at the weekly Cabinet meeting.
Steinitz’s comments came after Obama on Friday night ordered $85 billion in automatic, across-the-board cuts, called sequestration, after Congress failed to reach a compromise on deficit reduction.
U.S. government agencies must cut $85 billion from their budgets through Oct. 1, much of it coming from the Defense Department.
The cuts are sure to affect military aid from the United States to Israel, with estimates of cuts as high as $300 million, including affecting funding for the Iron Dome missile defense system.
Participants in the American Israel Public Affairs Committee’s annual policy conference, which opened Sunday, are expected to lobby members of Congress during a visit to Capitol Hill on Tuesday to retain Israel’s $3.1 billion in military aid for 2013 and 2014, as well as some $211 million in additional funding for Iron Dome.
About the Author: Tzvi Ben Gedalyahu is a graduate in journalism and economics from The George Washington University. He has worked as a cub reporter in rural Virginia and as senior copy editor for major Canadian metropolitan dailies. Tzvi wrote for Arutz Sheva for several years before joining the Jewish Press.
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Carole Zabar, longtime supporter of BDS promoters, is now in a pickle – Zabar’s is a BDS target.
Rav Bina, the Rosh Yeshiva of Yeshivat Netiv Aryeh has sent the following letter out to alumni of the Yeshiva: Dear Alumni, This Wednesday one of my grandchildren will be undergoing crucial surgery to remove a cancerous tumor from his leg. I ask all of you to please recite tehillim for him during the surgery, […]
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