U.S. waives Pakistan sanctions

WASHINGTON -- U.S. President George W. Bush has renewed a waiver of sanctions placed on Pakistan after President Pervez Musharraf seized power in a 1999 coup.

The move clears the way for Pakistan to receive hundreds of millions of dollars in U.S. economic aid.

In a memorandum for the secretary of state, Bush said the waiver would facilitate the transition to democratic rule in Pakistan and is important to U.S. efforts "to respond to, deter, or prevent acts of international terrorism."

Bribery? Nah...