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U.S. Signs $38 Billion Military Aid Deal With Israel

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U.S. President Barack Obama (R) shakes hands with Israeli President Benjamin Netanyahu in the Oval Office, September 30, 2013 in Washington, DC. President Obama was meeting with the Israeli Prime Minister to discuss the situation in Syria and Iran. (Image source: Getty Images)

WASHINGTON (AP) -- The United States on Wednesday signed an unprecedented new security agreement with Israel that will give the Israeli military $38 billion over 10 years.

The deal, the largest such agreement the U.S. has ever had with any country, amounts to $3.8 billion a year beginning in budget year 2019, compared with $3.1 billion the U.S. gave Israel annually under the current 10-year deal that expires in 2018.

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