President Obama has bad news coming for Egypt's new government, CNN reports. His administration is about to stop giving financial aid to Egypt after an "accumulation of events," said a US official, including government clashes with protesters that left 38 dead on Sunday.


More than 500 were estimated dead in just one day of violence in August.

The cutoff will come over the next few days, the official said.

Some reports said Washington quietly cut off military aid to Egypt a couple of months ago, with Saudi Arabia picking up the slack.