secretary of state john kerry meeting with egyptian president morz morse morse promising to restore millions in aid. between the 1948 and 2012 the u.s. gave egypt $7 billion in foreign aid. that is the 1.3 billion in military aid from today to present day. michael singh, national security affairs and washington institute for near east policy and good morning to you. >> welcome, bill. bill: $250 million at a time when sequestration just kicks in. i think a lot of people are shaking their head on this. is this smart money, michael? >> well, no, bill. it is absolutely not. i think that this is a symbolic gesture by the united states. in fact, egypt's needs, the egypt's external financing needs number tens of billions of dollars. in order to get that kind of money they need to make a deal with the imf the imf will not make a deal with the muslim bother hood government until they show a commitment to economic reform. this is meant to show as a friend to egypt. frankly allies with egypt and egyptian opposition think we've been too supportive of this muslim brotherhood government and therefore this