Presdient Obama To Give Israel $70M In Military Funding

By: Associated Press
By: Associated Press

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Friday, July 27, 2012

A senior administration official says President Barack Obama is authorizing an additional $70 million in military assistance to Israel.

The official says the funds will go to help Israel expand production of a short-range rocket defense system. The system, called Iron Dome, helps Israel defend itself against rocket attacks.

Obama is to announce the additional funds when he signs a bill in the Oval Office expanding U.S. military and civilian cooperation with Israel.

The announcements are an attempt to upstage Republican rival Mitt Romney on Israel ahead of the presumptive GOP nominee's trip there this weekend.

The official spoke on the condition of anonymity because they were not authorized to speak ahead of the president's announcement.

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