The Mexico City Policy was created by Pres Reagan in 1984. It stated that no money from the US in aid to other countries could be used by "international health groups that perform abortions, promote legalizing the procedure or provide counseling about terminating pregnancies". Clinton reversed it in 1993 and Bush II revived it in 2001. Now Obama has rescinded it again. The Obama policy would "allow funding to resume to international groups that provide...counseling about abortions". US funds would not be used directly for abortions.
(Source: "Obama reverses Bush funding ban tied to abortions" from wire reports. In The Virginian Pilot on January 24, 2009).
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