The level of U.S. aid to India during the coming year will sink to as little as $200 million or less, unless the Johnson administration is able to reverse a crippling blow dealt by Congress last night [July 18] to the Foreign Aid Bill. The chances of such a rescue measure succeeding are considered very remote. President Johnson had originally asked Congress to sanction $2.9 billion for foreign aid. The upshot of yesterday’s voting in the Lower House of Congress was to trim this by a whacking $ one billion – $600 million cut by the House Foreign Affairs Committee in earlier action and another $371 million cut by the Lower House during final passage.

Source: Read Full Article