Couldnt Congress simply shift over the $40 billion and not add it to the debt? MarketWatch provides the latest stock market, financial and business news. Another $11 billion will be distributed later this year to support research into new chip technologies. Chips for America will provide $11 billion for research into new chip technologies. HOUSE PASSES $40 BILLION UKRAINIAN AID PACKAGE. 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. On Thursday, the Senate voted 86-11 to pass a roughly $40 billion aid package for Ukraine. Paul pointed out that if the Senate approves the spending, the U.S. will have authorized $60 billion in total spending for Ukraine. 'This is shown, for example, by the vast amount of funds that EU governments mobilized to cushion the energy price shock at home. The staggering sum of U.S. aid to Ukraine is far greater than any other nation. "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. 'President Biden has been complaining that the Republicans dont care about the deficit or debt and here he is handing out billions of taxpayer dollars in additional aid to Ukraine. In March, the Senate successfully passed a $1.5 trillion appropriations packagewhich included $13.6 billion in emergency funds for Ukrainebut the legislation did not have the support of 31 . That helped create a car shortage and raise the price of cars, stoking inflation. The extra funding comes after the administration pressed lawmakers to pass more supplemental funding for Kyiv in the omnibus, specifically finding crossroads with House Republicans who have voiced support for the extra dollars and Senate Minority LeaderMitch McConnell (R-Ky.), who has continuously championed assistance to Ukraine. The huge support package - three times more than what the U.S. spent in Afghanistan in a year - is dominated by the $46.6 billion in military equipment and support. We've received your submission. The bill provides appropriations to several federal departments and agencies, including the Department of Justice, the Department of Defense, the Nuclear Regulatory Commission, It also reflects strategic concerns about letting Putin seize European territory unanswered as his assault on his neighbor to the west grinds into its 12th week. Joe Biden had asked Congress to approve an additional $33bn in aid for Ukraine. Play it now! 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. Critics have argued that the federal government may not be the best judge of winners and losers. He added, "It is more than any other country spends on their entire military expendituresour total aid to Ukraine will almost equal the entire military budget of Russia.". (Ukrainian Presidential Press Office via AP). The . Oksana Markarova, Ukraines ambassador to the United States, appealed for assistance to both Democratic and Republican senators at their weekly party lunches on Tuesday. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Stocks Drop for a Second Day; Yields Stay Elevated: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. The bill, which includes military, economic and humanitarian assistance to. Covering Phoenix, Mesa, Glendale, Scottsdale, Gilbert, the valley . 'The Europeans' hesitancy in the first year of the war is a remarkable phenomenon, especially since financial resources can be quickly mobilized,' he added. "The need is also urgent: I have nearly exhausted the resources given to me by a bipartisan majority in Congress to support Ukraines fighters. "The Democrats are sending another $40 billion to Ukraine, yet America's parents are struggling to even feed their children," Trump said in a statement released by . "Kyiv would become the largest yearly recipient of U.S. military aid over the past two decades," Paul said. Another $6.98 billion will go toward U.S. European Command mission and intelligence support, pay, equipment and related activities. 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. White House press secretary Jen Psaki was asked by CBS News' Ed O'Keefe about Paul's insistence on the inclusion of an inspector general and whether the Biden administration would establish some kind of watchdog entity to track the spending. 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, bipartisan commitment to thwart Russian President Vladimir Putin's bloody three-month-old invasion. The Biden administration unveiled the rules for its program to build up U.S. semiconductor research and manufacturing. 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. 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. The week before, House Speaker Nancy Pelosi, D-Calif., visited Ukraine accompanied by several of her Democratic colleagues. Stories from Ukraine Biden's approval rating has hit a new low May 19, 2022 01:34 PM T he Senate on Thursday passed legislation aimed at providing $39.8 billion in additional military and humanitarian aid for Ukraine, just ahead of the deadline in which. I think it will pass. 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. In addition, it would put the United States at above $50 billion in total aid to Ukraine far exceeding the amount provided for by European countries, which Hawley and other Republican senators argue is disadvantageous to the international standing of the country. This material may not be published, broadcast, rewritten, or redistributed. . He has alsovoted againstoverwhelmingly bipartisan bills to send additional aid packages to Ukraine. 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The department said it would give preference to projects for which state and local governments were providing incentives with spillover benefits for communities, like work force training, education investment or infrastructure construction. 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. Among the most vocal was Sen.Josh Hawley(R-Mo. Powered and implemented by FactSet Digital Solutions. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Sen. Lindsey Graham blasts baby formula shortage on 'Jesse Watters Primetime.'. 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. It dwarfs the nearly $14 billion in emergency funding Congress approved in March and is even larger than the $33 billion emergency request Biden sent lawmakers last month. 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. Why? That would deny Mr. Biden the chance past presidents have had to make an appointment to the post, they said. First published on May 12, 2022 / 9:46 PM. Chip shortages during the pandemic forced factories to halt work and brought home in a tangible way how vulnerable the supply chain is to disruption. 'This includes some kind of public disclosure of where and how the previous economic aid has been spent, and public disclosure of the impact of drawdown authority. Moscow has little to show for it beyond a strip of territory in the south and marginal gains in the east. The Naftogaz of Ukraine national joint stock company expects UAH 40 billion losses in 2022. It was a very heartfelt and easy to understand message: Their people are dying; theyre running out of supplies and ammunition. Senate Minority Leader Mitch McConnell, R-Ky., traveled to Ukraine over the weekend and met with President Volodmyr Zelenskyy. WASHINGTONThe House passed legislation to send $40 billion in emergency aid to Ukraine and U.S. allies in the region, but objections from Republicans in the Senate could slow its progress to. 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. Most young men are single. Congressional leaders struck a deal Monday to send $39.8 billion in military and humanitarian aid to Ukraine that could be taken up by the House as soon as Tuesday, Axios has learned. (Anna Moneymaker/Getty Images), "The amounts we're talking about are astronomical. Last week, 57 Republicans voted against the Ukraine assistance bill in the House. "We cannot save Ukraine by dooming the U.S. 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. This documentary-style series follows investigative journalists as they uncover the truth. Democrats said they were objecting to Paul's plan because it would expand the powers of an existing inspector general whose current purview is limited to Afghanistan. As a subscriber, you have 10 gift articles to give each month. There has been a push from both Republicans and Democrats to provide F-16s. Final passage of military, food aid bill expected this week, Kentucky Senator Paul delayed passage, demanded changes. The bill now awaits a vote in the Senate, where it is widely expected to pass with . economy.". Ukraine and countries affected by the situation in Ukraine, including NATO Eastern flank countries and other partners in the region, to build and update their capabilities. Seventy-five years on, the Biden administration and Congress have now set aside a similarly staggering $113 billion in American taxpayer funds for Ukraine in a conflict that has no end in sight. U.S. Sen. Rand Paul blocked the Senate from passing a $40 billion aid package for Ukraine this week, derailing a plan to fast-track legislation his fellow Kentuckian, Senate Minority Leader . The House of Representatives passed a new $40 billion aid package for Ukraine on Tuesday as it continues to battle a Russian invasion and all votes against the measure came from Republicans.. The 368 to 57. The latest bill, when added to the $13.6 billion Congress approved in March, would push American aid to the region well above $50 billion. Already 40 percent of the members of the Glastuinbouw Nederland group are operating at a loss, due to excessive energy costs. 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. That has prompted concerns about the supplys vulnerability, given Chinas aggression toward Taiwan and the potential for a military invasion of the island. 'Before Congress even discusses the possibility of additional aid, the public must get answers to a number of important questions. Ukrainian President Volodymyr Zelenskyy and Senate Minority Leader Mitch McConnell, R-Ky., pose for a photo in Kyiv, Ukraine, on Saturday, May 14. 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. 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. The rest of the United States' financial assistance covers funds for humanitarian and financial aid such as food, safe drinking water and medical supplies. Why it matters: The deal, which is billions more than the $33 billion the White House initially requested, is slated for quick passage after Democrats agreed to . Ms. Raimondo has said the vision is to restore the United States to a position of leadership in semiconductor technology, to the point where every major global chip company wants to have both research and manufacturing facilities in the United States. The CHIPS Act Is About More Than Chips: Here's What's in It. The bipartisan measure, backed by President Joe Biden, underscores U.S. determination to reinforce its support for Ukraine's outnumbered forces. Pauls initial hold on the bill was blasted bytop Ukrainian officials, Majority Leader Chuck Schumer (D-NY) and Minority Leader Mitch McConnell (R-Ky.). 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 $858 billion legislation, directing more military aid for Ukraine and Taiwan, now heads to President Biden for his signature. ', HOW AMERICANS ARE BEGINNING TO QUESTION THE AID BEING SENT TO UKRAINE - AND HOW SUPPORT FOR CONTINUED FUNDS IS DWINDLING, Biden announced $500 million more in assistance during his secret trip to Kyiv on Monday, and has shown no signs of stopping the money flowing until Ukraine achieves. Given the huge cost of building highly advanced semiconductor facilities, the funding could go fast, and competition for the money has been intense. Trump successfully chilled FBI from being willing to investigate anything Christie: Trump grand jury foreperson did a lot of damage to case, Bill Maher: I am afraid of Trump on a very personal level, Trumps polling strength causes heartburn for Senate GOP. The measure includes $6 billion for Ukraine for intelligence, equipment and training for its forces, plus $4 billion in financing to help Kyiv and NATO allies build up their militaries. Phoenix, Mesa, Glendale, Scottsdale, Gilbert, the U.S. will have authorized $ 60 billion total! 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