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At present, the Biden administration has not committed to providing funds to either side of the conflict in Israel and Gaza. The United States does, however, contribute significant foreign aid to both Israel and the Palestinian Authority throughout the year, including to the United Nations Relief and Works Agency for Palestine Refugees (UNRWA), an agency that provides support to Palestinian refugees.
The Biden administration has been engaged in direct contact with Israel and Palestinian leaders, including Egyptian mediators, to try to find a ceasefire, de-escalate the violence, and begin a dialogue to resolve the underlying issues that have led to the current situation.