As Barack Obama is set to demit office in January 2017,Netanyahu is seeking to close U.S. aid deal with Washington : Billion dollars a year in military aid.
United States and Israel have been engaged in intense negotiations on a renewal of an agreement providing multi-year military assistance to Israel for the next decade.
An MoU promising Military aid to Israel was signed by President George W Bush and provides a total of $30 billion, at an average of $3 billion per year. But now, Israel is seeking a sharp increase in military aid but United States is not ready to finance.
According to U.S. Congressional Israel was asking for $4 to $5 billion per year, which over the duration of the agreement, from 2019 to 2028, amounts to up to $50 billion..
As per the deal with an increase of $3.75 to $4 billion per year, amounting annually to $750 million to $1 billion more than the current agreement.
Israel and united States ties strained after Iran clinched a uclear deal with P5+1 nations