September 7, 2012 / 2:15 PM / 7 years ago

US aid plan for Egypt could go to Congress soon - State Dept

WASHINGTON, Sept 7 (Reuters) - The Obama administration hopes to soon go to Congress with a plan for using $1 billion in debt relief to help Egypt stabilize its economy and grow its private sector, a senior State Department official said on Friday.

“My hope would be is that we would go to the Congress very shortly with a framework of how we recommend that this money be allocated,” U.S. Deputy Secretary of State Thomas Nides told reporters during a conference call to discuss goals for a U.S. business delegation headed to Egypt this weekend.

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