'This Week' Transcript: Sen. Bob Corker and Rep. Eliot Engel

Look, I condemn what's happened with the military, but I also condemn what in essence was a political coup by the Muslim Brotherhood. And we need to move this debate along. And this fall hopefully, again, focus on what is our national interests. And there still are things within Egypt that are very much in our national interest. And we need to keep the lines of communication open.

STEPHANOPOULOS: And that's why it's been such a difficult balancing act for the administration and for all U.S. policy-makers.

But Congressman Engel, let me bring that to you. Do you agree that now is the time to begin to suspend U.S. military aid to Egypt?

ENGEL: No, I don't. I think it's a time to see what the next step should be. Obviously, we cannot let what's been happening just happen, but I think we have to be careful and not cut off our nose to spite our face. These are very, very difficult choices. I'm very unhappy, obviously, with the crackdown.

But we essentially have two choices in Egypt. And that's a military government, which hopefully will transition as quickly as possible to civilian government, or the Muslim Brotherhood. I don't think the Muslim Brotherhood is a choice.

Now it's very disconcerting that the generals, the military, have not listened to us, but I think we need to keep it up. I think we need to talk to them, we need to try to influence them, and while it's true that we may have less influence over them than we had before, we still have substantial influence over them. They use our military equipment. I don't believe they want to below up the relationship. It's a little bit bizarre to understand why they're doing what they're doing, but I don't think you throw the baby out with the bath water.

Egypt's an important country. And I think we have to be very careful before we willy nilly just cut off aid.

STEPHANOPOULOS: At the same time, Senator Corker, it seems like the entire region is in crisis right now. I know you're just back from Syrian border in Turkey, back from Jordan, back from Iraq. You have got conflicts in every one of those countries right now. And at the same time, it seems as if Secretary Kerry is investing a great deal of time in the Israeli-Palestinian process, which often seems like Groundhog Day.

So, does the administration in your view have its priorities straight here?

CORKER: Let me just say one thing quickly, George. I hope we will continue to have an aid relationship with Egypt. We've already -- most of the money is out the door this year. It's time for us to recalibrate. Our relationship has been very, very static for the last 35 years. So, I don't want to cut off our relations. And I do expect that we will have aid forthcoming in a way that really directly focuses on our national interests.

STEPHANOPOULOS: So you want to cut back, but not cut off?

CORKER: Look -- well, look, I just think we need to tier it. There are certain things that obviously should not flow. There are certain things that are in our national interest that continue to need to flow. I mean, we want their cooperation in northeast Sinai. We want their cooperation with the Suez canal.

So again, let's look at what is in our national interest.

I think aid will continue to flow after we have this debate this fall. The money's out the door anyway for this year.

So I think a suspension, but a re-calibration. And I don't want to cut our nose off to spite our face either.

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