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US, Israel sign massive military aid deal; $38B, 10 years

The United States on Wednesday signed an unprecedented new security agreement with Israel that will give the Israeli military $38 billion over 10 years.

The deal, the largest such agreement the U.S. has ever had with any country, amounts to $3.8 billion a year beginning in budget year 2019, compared with $3.1 billion the U.S. gave Israel annually under the current 10-year deal that expires in 2018.

"This commitment to Israel's security has been unwavering and is based on a genuine and abiding concern for the welfare of the Israeli people and the future of the state of Israel," President Barack Obama said in a statement.

After months of negotiations that took...

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