2016 October 20 Saad Hariri endorses presidential bid of Michel Aoun. October 31 Aoun, backed by Hezbollah, is elected president of Lebanon, ending a two-year stalemate. November 3 Hariri named as prime minister, promises a new, just electoral law. December 19 Hariri begins his second tenure as PM, forming a 30 minister cabinet that includes all political parties with the exception of the Kataeb party. 2017 March 23 Cabinet approves first budget in 12 years. April 4 PM Hariri attends Brussels Conference I on Supporting the Future of Syria and the Region to receive international aid for refugees in Lebanon. June 16 New electoral law passes. October 20 Cabinet commissions McKinsey & Co. to develop the Lebanese Economic Vision for the value of $1.3 million in time for the Paris donor conference (later named CEDRE) in April. October 25 US Senate passes new sanctions against Hezbollah. October 30 PM Hariri visits the