John Kerry releases $250m in US aid to Egypt as reward for political reforms

Aid package is first part of US and IMF assistance meant to encourage Egyptian government's commitment to democracy US Secretary of State John Kerry on Sunday rewarded Egypt for president Mohammed Morsi's pledges of political and economic reforms by releasing $250m in American aid to support the country's "future as a democracy". Yet Kerry also served notice that the Obama administration will keep close watch on how Morsi, who came to power in June as Egypt's first freely elected president, hono...