Update at 4:39 p.m. ET. Recalibrating Assistance:
The State Department says the U.S. is "recalibrating" the assistance it provides Egypt.
The decision follows a review sparked by a series of attacks by security forces on supporters of ousted President Mohamed Morsi that ended in hundreds dead. A shipment of F-16 fighter jets was quickly suspended as were joint exercises planned with the Egyptian army.
In a statement, State spokesperson Jen Psaki said the U.S. will continue to have a relationship with the Egyptian government, but will continue to delay delivery of some large-scale military systems, as well as suspend some "cash assistance to the government pending credible progress toward an inclusive, democratically elected civilian government through free and fair elections."
The U.S., however, will continue to provide support to help "secure Egypt's borders, counter terrorism and proliferation, and ensure security in the Sinai."
Reuters adds some detail:
"The United States will withhold deliveries of Abrams tanks, F-16 aircraft, Apache helicopters and Harpoon missiles from Egypt as it cuts back on aid, a congressional source said.
"Washington also plans to halt a $260 million cash transfer and a planned $300 million loan guarantee to the Cairo government, the source said, after members of Congress were briefed by officials from the U.S. State Department about the administration's plans."