Turkish lira slips as US moves closer to sanctions over S-400s ...Egypt

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Turkish lira slips as US moves closer to sanctions over S-400s
ISTANBUL (Reuters) – Turkey’s lira briefly slipped on Friday after US lawmakers included mandatory Turkish sanctions in a defense spending bill that moves Washington a step closer to punishing its NATO ally for buying Russian S-400 missile defenses last year. The final version of the $740 billion annual US defense spending legislation would oblige the White House to select from a list of sanctions over the S-400s, which Washington says are incompatible with NATO operations. US President Donald Trump, who is set to step down next month, has said he will veto the bill over separate provisions. But he may need some support in Congress and it would be the first such veto in nearly 60 years. Turk

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