A proposed new treaty that would allow the United States to keep its military bases in the Philippines is 98 percent complete, a spokesman for Manila's negotiators said Monday.

"It's about 98 percent finished on both sides," Raul Rabe told reporters in Manila. "We still have to tie up some loose ends."The lease on Clark Air Base and Subic Naval Station, the largest U.S. facilities in Asia, runs out in September.