URGENT ¥¥¥ US to provide Egypt with $250 mn: Kerry

The United States will provide Egypt with the first $190 million of a pledged $450 million in budget support and an additional $60 million to set up a joint enterprise fund, Secretary of State John Kerry said Sunday.

"Today I advised him the United States will now provide the first $190 million of our pledged $450 million in budget support funds," Kerry said after meeting president Mohamed Morsi, adding that Washington also pledged an initial $60 million for the enterprise fund.