it is "$3 billion" and that aid comes with tons of strings -- ie it must be spent on U.S. arms. So what is really happening with the aid is it is a gift to the American arms manufacturers and a gift of defensive weapons to Israel. Same as the 2billion to Egypt and others.
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U.S. regains Hellfire air-to-ground missile from Cuba (Reuters)
from the article: Netanyahu poised to win razor-thin support for West Bank freeze