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U.S. to officially sign on loan guarantees to Israel

After weeks of discussions the United States is expected to sign on $9 billion in loan guarantees to Israel this week.

Israel’s Finance Ministry Director-General Ohad Marani received confirmation Saturday night.

Earlier yesterday it was reported the U.S. would only approve the credit-backing if the Israeli parliament, or Knesset, backed the government’s economic-stringencies bill.

That proposal includes the call for a $2b. state-budget cut.