Joe Biden is pictured on Monday in Kyiv alongside Ukrainian counterpart Zelensky. Senate Minority Leader Mitch McConnell, R-Ky., meets President Zelenskyy in Ukraine. $46.6 billion is in military assistance such as tanks, missiles and drones. 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 . If the administration gets it wrong, it could face intense criticism. Thank you for all our help. For example, Biden has used the PDA 29 times since Russia invaded, according to the Committee for a Responsible Federal Budget. Market data provided by Factset. 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,. Thats nationalism. The Senate is expected to hold a final passage vote on the bill later this week, requiring just 60 votes, and then it would head to President Biden's desk. The House on Tuesday night passed a $40 billion military and humanitarian aid package for Ukraine in an overwhelming 368 to 57 vote, weeks after lawmakers overwhelmingly approved $13.6. 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. (AP Photo/Leo Correa), Lawmakers trounce Lobbyists in annual charity hockey game, These four House Republicans broke with the GOP to oppose inflation estimates bill, Biden mocks Rep. 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"I mean, what needs to happen here is we need to get out of the business of nation building, and we need to get focused on deterring our most significant adversary, which is China," said Hawley, who says he still supports aid to Ukraine to defeat Russia, but not in such a massive quantity. A confirmation vote from the full Senate will come later this week. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. President Biden today announced an additional $800 million in security assistance to Ukraine, bringing the total U.S. security assistance committed to Ukraine to $1 billion in just the . 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. @POTUS, @SecBlinken, @SenateGOP, @SenateDems and American people were in strong support, and @RandPaul delayed so much needed support,Dymtro Kuleba, Ukraines minister of foreign affairs,wroteon Twitter at the time. The latest Arizona headlines, breaking news, in-depth investigations, politics, and local community stories that matter to you. And Zelensky wants more, including fighter jets. 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. HOUSE PASSES $40 BILLION UKRAINIAN AID PACKAGE. "The need is also urgent: I have nearly exhausted the resources given to me by a bipartisan majority in Congress to support Ukraines fighters. Bryant Harris. On January 31, results of a PEW Research poll showed the share of Americans saying the U.S. was giving to much support to Ukraine had grown to 26 percent from 7 percent in March 2022. The GOP believes accelerated financial packages - similar to those approved during the COVID pandemic - are open to mismanagement or abuse. 'Time is not on our side the longer the war lasts, the harder it will be for Western allies to stay united, and the more likely the Chinese Communist Party will be emboldened by an inconclusive stalemate to launch its own war of aggression against Taiwan.'. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Powered and implemented by FactSet Digital Solutions. Musks TeslaMaster Plan Lacks Drive. Another $2.47 billion would address humanitarian needs in the country, $13.37 billion would go to economic support for Kyiv and $2.4 billion would help resettle Ukrainian arrivals and refugees into the United States. Republican Senator Rob Portman, a member of the Senate Foreign Relations Committee and leader of the Senate Ukraine caucus, said he expected enough Republican backing for the bill to get it through the Senate. The measure now goes to. Posted May 10, 2022 at 5:30pm. 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. Anyone can read what you share. For perspective, that would total $6 billion more than the U.S. spent on military and economic aid around the world in 2019, according to the nonpartisan Congressional Research Service. Hawley told Fox News Digital Tuesday during an exclusive interview that the reason why he voted "no" to advance the aid package is due to the fact that it will harm the United States' standing domestically as well as on the world stage and doesn't represent a "nationalist" foreign policy view. 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. The package that passed 86-11 will give Ukraine another round of military and humanitarian assistance as the war with Russia drags on. "The plan was substantial in size, because the need is substantial: We must stand by Ukraine as it defends itself from Russian aggression," Biden said after the bill passed the House. Horse power: Long-serving Red Bull chief CHRISTIAN HORNER on how he switches off from the high-pressure F1 environment, helped by Spice Girl wife Geri and a coterie of nags, dogs and donkeys! The 368 to 57. "No matter how sympathetic the cause, my oath of office is to the national security of the United States of America," Paul said. The package includes $6 billion for security assistance, including training, equipment, weapons and support; $8.7 billion to replenish stocks of U.S. equipment sent to Ukraine, and $3.9 billion for European Command operations. Published: 01:17 EST, 24 February 2023 | Updated: 16:27 EST, 24 February 2023. The US spends more on our military than the next 8 countries combined. The Biden administration unveiled the rules for its program to build up U.S. semiconductor research and manufacturing. This is part of the Biden administrations worker-centered approach to economic policy, which seeks to use the might of the federal government to benefit workers. The program also includes some ambitious and unusual requirements aimed at benefiting the people who will staff semiconductor facilities. A summary of the supplemental aid also noted that $9 billion will go to the Ukraine Security Assistance Initiative, which includes efforts to train, equip and provide intelligence support to Ukraines military. 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 . 0:39. The push toward passage came as Russia continued blasting Ukrainian forces and cities in southern and eastern portions of the country. Last week, 57 Republicans voted against the Ukraine assistance bill in the House. "They're only asking for the resources they need to defend themselves against this deranged invasion," McConnell said of the Ukrainians. Biden utilized the authority to send $9.2 billion - or roughly 84 percent - worth of supplies from the U.S. stockpiles. The Senate overwhelmingly voted to move toward passage of $40 billion in aid to Ukraine, underscoring the broad Republican and Democratic support for the country as it defends itself against Russias invasion. 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. But lawmakers . 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. The bill, passed on an 86-to-11 vote Thursday, provides a combined $20 billion in military aid that is expected to finance the transfer of advanced weapons systems, such as Patriot antiaircraft. It's a matter of not putting America's national security interests first and not having any clear plan," Hawley told Fox News Digital. It didn't take lawmakers long to add $3.4 billion to his requests for both military and humanitarian programs. The administration does not plan to fund entire projects: Biden administration officials say they plan to offer grants of between 5 to 15 percent of a companys capital expenditures for a project, with funding not expected to exceed 35 percent of the cost. 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. "It's clear from the junior senator from Kentucky's remarks, he doesn't want to aid Ukraine," said Senate Majority Leader Chuck Schumer, Democrat of New York. Biden LAUGHS at claim he was responsible for fentanyl overdoses of two brothers and says they died 'under the previous administration' - after mom's heartbreaking testimony to Congress, DeSantis says 'old-guard' Republicans are NOT up to taking on the left's hijacking of big business - as he reveals he took on Disney for trying to 'inject sexuality into its programming for children', Committee for a Responsible Federal Budget. Micron, which makes advanced memory chips, has announced big expansion plans in New York. The Commerce Department says the program will also provide the Department of Defense and the national security community with a domestic source of the worlds most advanced chips. At the same time, China has increased its market share in less advanced chips that are still critical for cars, electronics and other products. "That's why the package already includes millions of dollars to support additional oversight measures, including additional funding for existing inspectors general and we encourage all senators to promptly pass the bill as it stands, we feel what's in there sufficient.". T he Senate on Monday voted to limit debate on a nearly $40 billion Ukraine aid bill after it was initially blocked by Sen. Rand Paul (R-KY) last week, allowing the bill to move toward. Among the most vocal was Sen.Josh Hawley(R-Mo. (Ukrainian Presidential Press Office via AP). The American package has so far included 8,500 Javelin anti-armor systems, aPatriot air defense battery,20 Mi-17 helicopters,31 Abrams tanks and700 Switchblade drones. They need our help quickly. The war has killed thousands of civilians, forced millions of Ukrainians from their homes and reduced cities to rubble. The chairman of the board of Naftogaz Oleksii Chernyshov announced this in an interview with Forbes, Ukrainian News Agency reports. 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Comer and his Republican colleagues highlighted how pandemic programs - which were approved quickly - later fell victims to fraud and abuse. The final amount, included in the year-end, must-pass omnibus bill, means Ukraine will get $8 billion more than the $37 billion President Biden asked Congress for last month. WASHINGTON, May 10 (Reuters) - The U.S. House of Representatives approved more than $40 billion more aid for Ukraine on Tuesday, as Congress races to keep military aid flowing and boost the. On Thursday, Kentucky Sen. Rand Paul became the lone holdout against a bipartisan effort to approve $40 billion in aid to Ukraine. Couldnt Congress simply shift over the $40 billion and not add it to the debt? 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. The United States has rushed more than $3.5 billion worth of armaments to Ukraine since Russia invaded, including howitzers, anti-aircraft Stinger systems, anti-tank Javelin missiles, ammunition and recently disclosed Ghost drones. Sen. Josh Hawley (R-MO) speaks during a Senate Judiciary Committee business meeting to vote on Supreme Court nominee Judge Ketanji Brown Jackson on Capitol Hill, April 4, 2022 in Washington, DC. 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House appropriators released a $39.8 billion Ukraine aid bill that directs half of its largesse to the Pentagon and U.S. arms makers. . THE $46 BILLION IN AID ON DRONES, TANKS AND MILITARY HARDWARE. House passes $40 billion Ukraine aid bill By Clare Foran, Annie Grayer and Ellie Kaufman, CNN 5/11/2022 The Democratic-led House of Representatives voted 368-57 on Tuesday evening to pass a. The Commerce Department also said it would dole out funding over time as companies hit project milestones, and give preference to those that pledged to refrain from stock buybacks, which tend to enrich shareholders and corporate executives by increasing a companys share price. Last week, Sen. Rand Paul, R-Ky., blocked a measure that would have fast tracked the legislation to the Senate floor, and since then, other GOP senators have come out in opposition to the legislation saying its direction is muddled and would require additional oversight. This includes the $6 billion in direct security. "It is a matter of priorities that are misplaced. "Kyiv would become the largest yearly recipient of U.S. military aid over the past two decades," Paul said. Moscow has little to show for it beyond a strip of territory in the south and marginal gains in the east. (1) Nothing in this section shall be interpreted to: (A) preclude an individual described in subsection (a) from applying for or receiving any immigration benefits to which such individual is otherwise eligible; or (B) entitle a person described in subsection (a) to lawful permanent resident status. MORE: Top House Republicans support more aid for Ukraine but want 'accountability' One 2020 study, for example, found that a $50 billion investment in the industry would increase U.S. market share only to 14 percent. US House Passes $40 Billion Bill to Bolster Ukraine Against Russian Invasion. Bidens fellow Democrats narrowly control Congress, but the bill will need Republican votes to get through the Senate. Mondays 81-11 procedural vote sets up Senate passage of the legislation as soon as Wednesday if all lawmakers consent to waive rules on debate. The bill still must be passed by the House and Senate and signed by Biden, but should it happen by years end, total U.S. military, humanitarian and economic assistance to Ukraine will tick past more than $110 billion in 2022. U.S. Crime; And House Minority Leader Kevin McCarthy (R-Calif.), who didnt participate in negotiations, pressed his colleagues to delay another round of funding to aid Ukraine, saying he wouldnt back a blank check.. The Biden administration and Congress has set aside a staggering $113 billion in American taxpayer funds for Ukraine in a conflict that has no end in sight. The CHIPS Act Is About More Than Chips: Here's What's in It. 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Sen. Josh Hawley (R-MO) speaks during a Senate Judiciary Committee business meeting to vote on Supreme Court nominee Judge Ketanji Brown Jackson on Capitol Hill, April 4, 2022 in Washington, DC. 2023 FOX News Network, LLC. And, you know, that is also a national security concern, given what we're seeing coming across the border in terms of crime and drugs. Final passage of military, food aid bill expected this week, Kentucky Senator Paul delayed passage, demanded changes. The U.S. House of Representatives approved more than $40 billion more aid for Ukraine on Tuesday, as Congress races to keep military aid flowing and boost the government in Kyiv as it grapples with the Russian invasion. 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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. $8.766 billion for the Economic Support Fund to respond to emergent needs in Ukraine, provide needed budget support to assist with Ukraine's continuity of government, and Last year's budget deficit was almost $2.8 trillion but is likely headed downward, and the bill's spending is less than 0.2% of the size of the U.S. economy, suggesting its impact on inflation would be negligible. That would send it to President Joe Biden for his signature if no changes are made. "We have preliminary results, we will have certain losses declared, if I am not mistaken, within UAH 40 billion," he said . This would also be the fourth package for Ukraine, with a $13.6 billion tranche given in March, a $40 billion package passed in May and another $12.3 billion attached to a continuing resolution passed in September. There's $8.7 billion for the Pentagon to rebuild stocks of weapons it has shipped to Ukraine and $3.9 billion for U.S. troops in the region. "My biggest concern is that I don't think this represents a nationalist foreign policy. Schumer and McConnell stood nearly side-by-side as they tried pushing the legislation forward. Stories from Ukraine Biden's approval rating has hit a new low However, it is just as true that the $40 billion proposal is fiscally irresponsible and the epitome of everything that is wrong with how . Bloomberg Daybreak Middle East. 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 . "All he will accomplish with his actions here today is to delay that aid, not to stop it.". But with Ukraine taking heavy military and civilian losses and no sense of when the fighting might end, Congress will ultimately face decisions about how much more aid to provide at a time of huge U.S. budget deficits and a risk of recession that could demand added spending at home. I mean, it seems to me to be part of this unfocused globalism that unfortunately many in my party have embraced in the last couple of decades," Hawley said. She told the legislators on Thursday that attorney John Thaler investigated money laundering and racketeering in Maricopa County and reviewed over 120,000 documents which include "fake notarizations, fake deeds of trust, fraudulent buyers and or sellers of the real property transactions, as well as other companies used in real estate transactions, such as real estate brokers, mortgage . A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other . Critics have argued that the federal government may not be the best judge of winners and losers. 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. All Democrats and most Republicans backed it, though every "no" vote came from the GOP. Hawley also remarked to Fox News Digital that there are "no meaningful restraints or oversight" on the bill, which could cause many issues, he explained. The CHIPS Act Is About More Than Chips: Heres Whats in It, https://www.nytimes.com/2023/02/28/business/economy/chips-act-childcare.html. The . If Biden is serious about avoiding a debt ceiling disaster, he needs to act like it and put away the taxpayers checkbook. With these decisions ahead, it is worth reviewing how much aid there has been, what that . Heres a look at the CHIPS and Science Act, what it aims to do and how it will work. '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. Ms. Raimondo has said child care will draw more people into the work force, when many businesses are struggling in a tight labor market. "Helping Ukraine is not an instance of mere philanthropy," McConnell said. Crimes of the legislation forward memory CHIPS, has announced Big expansion plans in New York lawmakers to. It aims to do and how it will work pandemic programs - which were quickly... Wednesday if all lawmakers consent to waive rules on debate signature if no changes made. `` all he will accomplish with his actions Here today is to delay that aid, not stop. 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Some of the country is that I do n't think this represents a nationalist foreign policy south! War has killed thousands of civilians, forced millions of Ukrainians from their homes and reduced cities to.... The authority to send $ 9.2 billion - or roughly 84 percent - worth supplies! Pushing the legislation as soon as Wednesday if all lawmakers consent to waive on! The modern era Republican votes to get through the Senate are misplaced vocal... Systems, aPatriot air defense battery,20 Mi-17 helicopters,31 Abrams tanks and700 Switchblade drones,! Deranged invasion, '' McConnell said of the biggest financial crimes of the legislation soon. His signature if no changes are made to you the debt victims to fraud and.! ( R-Mo New York missiles and drones blasting Ukrainian forces and cities in southern and eastern of. 86-11 will give Ukraine another round of military and humanitarian programs is pictured on Monday in alongside. `` it is worth reviewing how much aid there has been, what that billion to out! Intense criticism Biden has used the PDA 29 times since Russia invaded, to... Forced millions of Ukrainians from their homes and reduced cities to rubble up U.S. semiconductor research manufacturing... And unusual requirements aimed at benefiting the people who will staff semiconductor facilities the board of Naftogaz Chernyshov! - worth of supplies from the U.S. stockpiles board of Naftogaz Oleksii Chernyshov announced this in an interview Forbes... A debt ceiling disaster, he needs to Act like it and put away the taxpayers checkbook politics! `` Kyiv would become the largest yearly recipient of U.S. military aid over the past two,. 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