It provides hundreds of millions of dollars to help refugees and fund efforts to seize the assets of oligarchs linked to Russian President Vladimir Putin, whose government has called the invasion of Ukraine a special military operation.. (Ukrainian Presidential Press Office via AP). Thats not isolationism. Still, there is skepticism about how much the program can do. This includes the $6 billion in direct security. GOP investigators have said they will keep an eye on where the money is going, while a faction of the party has called for aid to be drastically reduced. When pressed about continued aid on Thursday, White House press secretary Karine Jean-Pierre said Biden is 'going to focus on what the American people want to focus on.'. Quotes displayed in real-time or delayed by at least 15 minutes. Paul pointed out that if the Senate approves the spending, the U.S. will have authorized $60 billion in total spending for Ukraine. The Associated Press contributed to this report. The Commerce Department has $50 billion to hand out in the form of direct funding, federal loans and loan guarantees. 'This is shown, for example, by the vast amount of funds that EU governments mobilized to cushion the energy price shock at home. However, it is just as true that the $40 billion proposal is fiscally irresponsible and the epitome of everything that is wrong with how . According to the Congressional Budget Office, more than half the funds will have been spent by the end of 2024 and three-quarters will have been used by the end of 2026. If Biden is serious about avoiding a debt ceiling disaster, he needs to act like it and put away the taxpayers checkbook. Kentucky Republican Sen. Rand Paul defied leaders of both parties Thursday and delayed until next week Senate approval of an additional $40 billion to help Ukraine and its allies withstand Russia's three-month old invasion. Paul, who unsuccessfully sought his party's 2016 presidential nomination, argued that the added spending was more than the U.S. spends on many domestic programs, was comparable to Russia's entire defense budget and would deepen federal deficits and worsen inflation. It's a matter of not putting America's national security interests first and not having any clear plan," Hawley told Fox News Digital. But American support for sending a constant supply of weapons and necessities has dropped in recent months, and questions are being asked about the finances. . And Intel, a U.S. technology giant that is investing heavily to try to capture a technological edge, has broken ground on a megasite in Ohio. Broken down, the funds include about $11.9 billion to replenish U.S. weapons stocks that have been dipped into often since Feb. 24, when Russia first attacked Ukraine and Washington poured in its own lethal equipment to bolster the besieged country. The Senate voted on Thursday to pass an additional $40 billion in new aid for Ukraine, after President Joe Biden called on Congress last month to deliver the additional . We want to make sure that theres a relationship, that theyre able to defend themselves and take on what is purely the ugliest aggression thats occurred since World War II on a massive scale, on the part of Putin, within Ukraine, Biden said in November. The bill would provide the U.S. Defense Department with $8.7 billion to resupply stocks of U.S. military equipment that have gone to Ukraine; $6 billion in security assistance for Ukraine's military and national security forces; and $3.9 billion for European Command Operations. While the United States is still a leader in designing chips, most manufacturing has been sent offshore. The push toward passage came as Russia continued blasting Ukrainian forces and cities in southern and eastern portions of the country. Hawley also told Fox News Digital that he is concerned that the package distracts from "more pressing" priorities abroad and at home, including the threat from China. 'We have seen bipartisan support when it comes to Ukraine aid,' Jean Pierre said and pointed out that Republicans have also visited the war-torn country since the invasion. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. The commander-in-chief has used the USAI - involving federal government contracts with the private sector - eight times since April 2022 to provide $7.2 billion in support. Paul remained defiant prior toThursdays vote, tweeting: If Congress really believed giving Ukraine $40B was in our national interest, they could easily pay for it by taxing every income taxpayer $500. Most Read from Bloomberg Apple Makes Major Progress on No-Prick Blood Glucose Tracking for Its Watch China's Cease-Fire Proposal for Ukraine Gets Quick Dismissal Russian Support for Putin's War in . 'Before Congress even discusses the possibility of additional aid, the public must get answers to a number of important questions. In a decision that may irk some companies, the department said projects receiving grants would be required to share a portion of any unanticipated profits with the federal government, to ensure that companies gave accurate financial projections and didnt exaggerate costs to get bigger awards. WASHINGTON The Senate overwhelmingly approved on Thursday a $40 billion emergency military and humanitarian aid package for Ukraine, moving quickly and with little debate to deepen the. WASHINGTON (AP) The House emphatically approved a fresh $40 billion Ukraine aid package Tuesday as lawmakers beefed up President Joe Biden's initial request, signaling a magnified,. This documentary-style series follows investigative journalists as they uncover the truth. Senator Bill Hagerty (R-TN) to the newsmaker line to discuss his decision not to vote for the 40 billion-dollar aid package to Ukraine and the concerted effort by the Biden administration to "transform" the United States of America. The 368 to 57. U.S. aid to Ukraine totals $68 billion, and the White House has just asked Congress for another $37.7 billion. In addition to $6 billion for security assistance like training and weapons, the legislation includes $8.7 billion to replenish U.S. stocks of equipment sent to Ukraine . The largest portion of the money $39 billion will go to fund the construction of new and expanded manufacturing facilities. 'America cant afford to keep on writing checks. Thwarting this ambition by supporting Ukraine makes sense. Congressional Democrats are reportedly moving to hold a House vote as soon as Tuesday on a nearly $40 billion aid package for Ukraine that would delink assistance to the war-torn nation from. Ms. Raimondo has said child care will draw more people into the work force, when many businesses are struggling in a tight labor market. Workers at Ford Motor factories in Michigan and Indiana worked a full week just three times last year because of a chips shortage, Ms. Raimondo said in a speech at Georgetown University last week. The bill also includes a pay raise for American troops and civilian federal employees. Biden utilized the authority to send $9.2 billion - or roughly 84 percent - worth of supplies from the U.S. stockpiles. ', Ukrainian servicemen of the 3rd Separate Tank Iron Brigde take part in an exercise in the Kharkiv area on 23 February 2023, the day before the one year mark since the war began, Russian President Vladimir Putin lays flowers at a memorial to the Hero Cities of the Great Patriotic War against Nazi Germany, by the Kremlin Wall on the Defender of the Fatherland Day in Moscow, Russia, February 23. Public sentiment has started to drop, and Republicans are now warning they will audit all the money that has been sent to Kyiv to make sure it hasn't been wasted. Last May, Congress passed setting a $11billon limit on equipment for Biden to use through the PDA. And a Car. 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WASHINGTON The House on Tuesday passed a $40 billion military and humanitarian aid package for Ukraine 368-57 opting to provide Kyiv with $7 billion more than President Joe Biden initially sought in his supplemental request last month. The aid package comes in at $6. My guess is they choose to borrow the $ bc Americans might just decide they need the$500 more to pay for gas., Spending $40 billion on Ukraine aid more than three times what all of Europe has spent combined is not in Americas interests. Democrats keen on Ukraine aid, but refuse to help struggling Americans, Biden vows to ban assault weapons 'come hell or high water', Biden slammed for laughing while discussing mom who lost two children to fentanyl: 'Shameful', Lori Lightfoot's critics sound off on Chicago mayor losing re-election: 'Crime doesnt pay', President Biden, first lady's restaurant order sparks strong reactions. We could have already started using the new U.S. assistance package to more effectively save lives of Ukrainians who defend the democratic world. Do not sell or share my personal information. Published: 01:17 EST, 24 February 2023 | Updated: 16:27 EST, 24 February 2023. The Senate finally approved an additional $40 billion in military and humanitarian aid for Ukraine on Thursday after Sen. Rand Paul blocked the legislation's swift . Get browser notifications for breaking news, live events, and exclusive reporting. This bill will protect democracy, limit Russian aggression, and strengthen our own national security, while, most importantly, supporting Ukraine, Democratic Representative Rosa DeLauro, who chairs the House Appropriations Committee, said as she urged support for the spending package. 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Even so, Paul's objection was a departure from the overwhelming sentiment in Congress in favor of quickly helping Ukraine, as it fights to withstand Vladimir Putin's brutal invasion and tries to discourage him from escalating the war. This bill provides $40.1 billion in FY2022 emergency supplemental appropriations for activities to respond to Russia's invasion of Ukraine. Couldnt Congress simply shift over the $40 billion and not add it to the debt? House Committee on Oversight and Accountability Chairman James Comer said: 'Since Russia invaded Ukraine nearly a year ago, Congress has provided more than $113 billion for security, humanitarian, economic, and governance assistance. George Soros HonFBA (born Gyrgy Schwartz, August 12, 1930) is a Hungarian-American businessman and philanthropist. Surrounded by soldiers the Ukrainian President Volodymyr Zelenskyy attends a national flag-raising ceremony in the freed Izium, Ukraine, Wednesday, Sept. 14, 2022. There will be significant Republican support, he said. The stakes are high for the Biden administration to prove this foray into industrial policy can work. We could build a border wall twice over with this amount of money," Hawley continued, stating that the U.S. needs to be more focused on the threat that illegal immigration poses, rather than fueling billions into a war and adding to our national debt. 2023 FOX News Network, LLC. "Helping Ukraine is not an instance of mere philanthropy," McConnell said. Pictures were posted to Facebook on May 14, 2022, by Andrij Sybiha, a member of President Zelenskyys administration. 2022 CBS Interactive Inc. All Rights Reserved. Congress Rand Paul blocks quick passage of $40 billion Ukraine aid package The legislation has been approved overwhelmingly by the House and has strong bipartisan support in the Senate. ", "What about taking the $40 billion from elsewhere in the budget? The Senate advanced a $40 billion Ukraine aid bill on Monday evening, despite opposition from a handful of Republican senators, in a vote tallying 81-11. A major change is that this package looks ahead months rather than weeks. As of March 2021, he had a net worth of US$8.6 billion, having donated more than $32 billion to the Open Society Foundations, of which $15 billion has already been distributed, representing 64% of his original fortune. That would send it to President Joe Biden for his signature if no changes are made. Tennessee's two GOP senators were two of the 11 senators who voted May 16 against expediting a floor vote on President Joseph R. Biden Jr.'s $40 billion aid package to Ukraine, H.R. This material may not be published, broadcast, rewritten, Already 40 percent of the members of the Glastuinbouw Nederland group are operating at a loss, due to excessive energy costs. The measure also includes $8.8 billion to keep the Kyiv government functioning, more than $5 billion to provide food to countries around the world that rely on Ukrainian crops devastated by the fighting and $900 million to teach English and provide other services to Ukrainian refugees who have moved to the United States. The Democratic-led House of Representatives voted 368-57 on Tuesday evening to pass a roughly $40 billion bill to deliver aid to Ukraine as it continues to face Russia's brutal assault .. 'The Americans are setting the pace in supporting Ukraine,'Christoph Trebesch, the head of the Ukraine Support Tracker team at the Kiel Institute said. Copyright 2023 CBS Interactive Inc. All rights reserved. Company finances can be opaque, and when a company saves a dollar in the United States, it may then choose to invest it elsewhere. The rest of the United States' financial assistance covers funds for humanitarian and financial aid such as food, safe drinking water and medical supplies. Russia-Ukraine Conflict House passes $40 billion Ukraine package to provide military, humanitarian aid The House voted a day after President Joe Biden called on Congress to "immediately". Russians have a high approval rating for Putin and the Ukraine war which may be due to the country's history with the United States and the Cold War. Most young women are not. The bill passed the House last week despite "no" votes from 57 Republican congressmen. Stories from Ukraine Biden's approval rating has hit a new low Live from Dubai, connecting Asian markets to the European opens. War in Ukraine Russian combat capabilities Europe Congress set to approve an additional $40 billion in aid to Ukraine House backed the proposal Tuesday night on a bipartisan vote, with the. That would deny Mr. Biden the chance past presidents have had to make an appointment to the post, they said. Sen.. And theres so much at stake.. WASHINGTON The House emphatically approved a fresh $40 billion Ukraine aid package Tuesday as lawmakers beefed up President Joe Biden's initial request, signaling a . On Thursday, the Senate voted 86-11 to pass a roughly $40 billion aid package for Ukraine. Market data provided by Factset. The U.S. President pledged another $500 million aid and signalled financial support would continue for a war that has no end in sight, The last time the United States gave a Europe such substantial financial backing, President Harry Truman was trying to rebuild a continent ravaged by the Second World War. These four House Republicans broke with the GOP to oppose inflation estimates McCarthy, GOP pump brakes on release of Jan. 6 footage to Tucker Carlson. I think $40 billion would be about three times as much as Europe has contributed combined, all of the European states, for a war that's happening on their continent," the senator stated, saying he's worried it will continue allowing Europe to "freeload.". ", MCCONNELL MAKES SURPRISE TRIP TO MEET ZELENSKYY IN UKRAINE, Senate Minority Leader Mitch McConnell, R-Ky., meets President Zelenskyy in Ukraine. AP/Manuel Balce Ceneta. THE $46 BILLION IN AID ON DRONES, TANKS AND MILITARY HARDWARE. Republicans in the House of Representatives overwhelmingly joined Democrats in voting for an additional $40 billion in aid to Ukraine on Tuesday with only 57 conservatives opposing the move. Ukrainian President Volodymyr Zelenskyy and Senate Minority Leader Mitch McConnell, R-Ky., pose for a photo in Kyiv, Ukraine, on Saturday, May 14. Ukraine is not asking us to fight this war, McConnell said. The chairman of the board of Naftogaz Oleksii Chernyshov announced this in an interview with Forbes, Ukrainian News Agency reports. Chips for America will provide $11 billion for research into new chip technologies. It was 1947, and the Democrat was trying to persuade a weary population mourning the deaths of 470,000 American troops that other countries destroyed by war needed aid to rebuild and fight off the ongoing threat from Joseph Stalin's Soviet Union. Legal Statement. And, you know, we've also got to get serious about protecting our border, which is truly in a total crisis on our southern border. 2 Samsung is growing in Texas. It was a very heartfelt and easy to understand message: Their people are dying; theyre running out of supplies and ammunition. The Commerce Department said it would look closely at companies that applied for funding, to try to ensure that they were not being given more taxpayer dollars than they needed. The package delivers nearly $14 billion in emergency funding to help address the emerging humanitarian crisis in Ukraine and shore up the country's defense . The Senate advanced a $40 billion Ukraine aid bill on Monday evening, despite opposition from a handful of Republican senators, in a vote tallying 81-11. The outcome had been up in the air in the final weeks ahead of the bills release, as pressure from far-right GOP lawmakers sought to scuttle any extra assistance for the former Soviet country. American public is now starting to ask . Biden added that he would announce yet another security assistance package later Thursday that will provide additionalartillery, radars, and other equipmentto Ukraine, which they are already using so effectively on the battlefield. But lawmakers . Biden's funding bill for Ukraine includes over $20 billion in weapons and security assistance for Ukraine, $6 billion for the Ukraine Security Assistance Initiative, and $4 billion for the State Departments Foreign Military Financing program. Bidens fellow Democrats narrowly control Congress, but the bill will need Republican votes to get through the Senate. "To do that, we've got to get in the right posture in the Indo-Pacific, which we're not currently. The resources that I requested willallow us tosend even more weaponsand ammunition to Ukraine,replenish our own stockpile, and support U.S. troops stationed on NATO territory.. The big picture: The vote passed 368-57, hours after congressional leaders struck a deal on the aid which Axios' Alayna Treene notes is billions more than the $33 billion the White House initially requested. Have authorized $ 60 billion in direct security to a number of questions. 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