Fisher doubts it:
It is probably unlikely that the Obama administration will want to substantially cut aid to Egypt. (Put aside the Camp David money for a moment — it’s not clear to me that this is effected by the Foreign Assistance Act, and even if it is, it’s very difficult to imagine Congress or the White House being willing to jeopardize this lynchpin of peace with Israel.) Like many aid programs, the hundreds of millions of dollars that goes to Egypt is not meant as a present or a reward; it’s considered to ultimately serve U.S. interests. Egypt’s troubled economy has been a key contributor the political instability there. That instability is bad for everyone, including U.S. interests.