Report: Adelson Offered Obama $1b to Develop Iron Dome for Israel

U.S. president politely refused, saying he did not think it was a good idea to set the precedent of a private citizen financing the acquisition of munitions.

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Casino mogul Sheldon Adelson made a secret offer to U.S. President Barack Obama in 2013 to contribute a billion dollars out of his own pocket to produce an Iron Dome battery for Israel, Politico reported on...