U.S. President Barack Obama is reviewing aid to Egypt in consultation with his security team in the wake of the ouster of Mohamed Mursi by the army and the appointment of Adli Mansur, the head of Egypt's Constitutional Court, as interim President
Saying he was "deeply concerned" about the Egyptian military's decision to oust President Morsi, the U.S. president in a statement called upon the military to return full authority to a democratically elected civilian government as soon as possible.
The interim president speaking at the Constitutional Court in Cairo, said he was planning to hold new elections but didn't elaborate on the date.
The interim president hailed the massive protests as "glorious revolution" that forced President Morsi to give up his position.
Making it clear that the U.S. doesn't support any single party, President Obama said that Washington was committed to the democratic process.
Meanwhile, President Obama has asked his administration to review the impact of the Egyptian army's actions over the U.S. aid to Cairo.
According to the United States law, the white House has to suspend its aid to any country whose elected president is ousted in a military coup and Washington is likely to suspend its aid to Egypt if Morsi's ouster is declared as a "coup". The Obama administration for the moment is just falling short of calling it a military coup, reports Fox News.
Under the leadership of President Obama, the administration has promised more than $1.5 billion aid to Egypt for the fiscal year that starts in October.
Mohamed Mursi was elected as Egypt's president on June 30, 2012, after overthrowing Hosni Mubarak in a peoples' revolution that swept the country.
