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BREAKING: Egypt to Declare Bankruptcy in 3 Months! Stocks Tank 9.5% Sunday amid Deepening Political Crisis. Military Intervention Possible
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Senators threaten to end aid to Egypt Power grab stirs protest in CairoSen. John McCain, Arizona Republican, said that while the U.S. is thankful for Mr. Morsi’s help facilitating a cease-fire between Israel and the Gaza Strip’s Hamas rulers, he criticized Mr. Morsi’s decision to give himself near-absolute power, which has prompted days of violent street protests in Egypt. “To assume this kind of power is unacceptable to the United States of America,” Mr. McCain said on “Fox News Sunday.” The senator warned that Egypt risks a “repeat of the Iranian experience in the 1970s,” referring to the 1979 Iranian revolution in which street demonstrations overthrew the regime of Shah Mohammed Reza Pahlavi, a pro-American dictator, only to put into power a repressive Islamist theocracy. Read more: Senators threaten to end aid to Egypt - Washington Times [ link to www.washingtontimes.com]
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