Administration Expected To Sell Arms To Saudi Arabia
RENEE MONTAGNE, host:
NPR's business news starts with a massive arms deal.
(Soundbite of music)
MONTAGNE: Later today, the Obama administration is expected to tell Congress it plans to sell up to $60 billion worth of weapons to Saudi Arabia. The deal would include scores of new fighter planes, helicopters and missiles. It would be the biggest weapons sale ever by the U.S. and it comes as the defense industry is worried about budget cuts here at home.
American allies across the Middle East are building up their armed forces with an eye on Iran.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.