what is in the 40 billion ukraine billwhat is in the 40 billion ukraine bill

01 Mar 2023 12:40:33 And theres so much at stake.. (Podcast). 2023 FOX News Network, LLC. It also authorizes $4 billion in Foreign Military Financing to provide support for Ukraine and other countries affected by the crisis. 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. EXCLUSIVE: Sen. Josh Hawley, R-Mo., is warning that a measure by Congress to give Ukraine $40 billion additional funding in its war against Russia is evidence of the Biden administration's "misplaced priorities" and will be detrimental to the security of the U.S. It neglects priorities at home (the border), allows Europe to freeload, short changes critical interests abroad and comes w/ no meaningful oversight, Hawley tweeted Monday. $46.6 billion is in military assistance such as tanks, missiles and drones. 'Giving $113 billion in aid to Ukraine without meaningful oversight is a recipe for fiscal disaster,' Taxpayers Protection Alliance David Williams also told DailyMail.com. 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. Thats nationalism. But lawmakers . The House passed a $39.8 billion bill on Tuesday night to support Ukraine in its fight against invading Russian forces. '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 staggering sum of U.S. aid to Ukraine is far greater than any other nation. Judge says Starbucks committed egregious and widespread labor violations Senate group wades into tough talks on Social Security, Fight in high school classroom leaves one dead, one injured, Zero-calorie sweetener popular in keto diets linked to strokes, heart attacks. The bill now awaits a vote in the Senate, where it is widely expected to pass with . Among the most vocal was Sen.Josh Hawley(R-Mo. '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. Paul, a libertarian who often opposes U.S. intervention abroad, said he wanted language inserted into the bill, without a vote, that would have an inspector general scrutinize the new spending. Comer and his Republican colleagues highlighted how pandemic programs - which were approved quickly - later fell victims to fraud and abuse. 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. Published May 23, 2022 Congress has approved $40 billion in aid for Ukraine and other countries affected by the conflictthe sixth aid package since the war began. Last May, Congress passed setting a $11billon limit on equipment for Biden to use through the PDA. Powered and implemented by FactSet Digital Solutions. Anyone can read what you share. The mine collapsed because of a landslide that day, burying several workers under a debris pile 550 yards wide and approximately 87 yards high, Reuters reported citing state-broadcaster ', 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. American public is now starting to ask . Quotes displayed in real-time or delayed by at least 15 minutes. The bipartisan measure, backed by President Joe Biden, underscores U.S. determination to reinforce its support for Ukraine's outnumbered forces. The bill passed 368 to 57. But analysts said it remained to be seen how difficult it would be to enforce these provisions. I think it will pass. The latest Arizona headlines, breaking news, in-depth investigations, politics, and local community stories that matter to you. THE $46 BILLION IN AID ON DRONES, TANKS AND MILITARY HARDWARE. There will be significant Republican support, he said. 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. ", "What about taking the $40 billion from elsewhere in the budget? President Joe Biden had asked Congress to approve an additional $33 billion in aid for Ukraine two weeks ago, but lawmakers decided to increase the military and humanitarian funding. Applicants are also required to detail their engagement with labor unions, schools and work force education programs, with preference given to projects that benefit communities and workers. 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 . The United States would provide support in the form of the $13 billion Marshall Plan - which was worth $160 billion in today's money - and the Truman Doctrine. The Ukraine aid was attached to an omnibus $1.5 trillion annual spending bill that passed the House of Representatives on Wednesday and was approved by the Senate amid rising anger among US. The rest of the United States' financial assistance covers funds for humanitarian and financial aid such as food, safe drinking water and medical supplies. It didn't take lawmakers long to add $3.4 billion to his requests for both military and humanitarian programs. I applaud the Congress for sending a clearbipartisanmessage to the world that the people of theUnited Statesstand together with the brave people of Ukraine as they defend their democracy and freedom, Biden said in a statement following the vote. The approved fundingwill go toward the Ukrainian military and national security forces, weapons, equipment, training, and other intelligence support as well as refugee and medical support. Most young men are single. Published November 18, 2022. 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. 109 Bradley infantry fighting vehicles,75,000 sets of body armor and helmets, 38 High Mobility Artillery Rocket systems, and4,000 Zuni aircraft rockets have also been sent over. 'The Americans are setting the pace in supporting Ukraine,'Christoph Trebesch, the head of the Ukraine Support Tracker team at the Kiel Institute said. If Biden is serious about avoiding a debt ceiling disaster, he needs to act like it and put away the taxpayers checkbook. Theseweapons and equipmentwillgodirectly to the front lines of freedom in Ukraine, and reiterateour strong support for the brave people of Ukraine as they defend their country against Russias ongoing aggression, the president said. "It bears directly on America's national security and vital interests that Russia's naked aggression not succeed and carries significant costs.". Bloomberg Daybreak Middle East. Do not sell or share my personal information. 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. Powered and implemented by FactSet Digital Solutions. 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.". Speed it up, Democratic Senator Dick Durbin said after Markarova spoke. 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. 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. Despite support from Democratic and GOP leadership, 11 Republicans broke from their party and 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. 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 . The measure now heads to the Senate, which is expected to act quickly. The House passed the Ukraine spending bill by 368 to 57, with only Republicans voting against it. Schumer and McConnell stood nearly side-by-side as they tried pushing the legislation forward. / CBS/AP. @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. 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. MORE: Top House Republicans support more aid for Ukraine but want 'accountability' Republicans on the House Armed Services Committee have urged Biden to keep providing the lethal aid necessary for Ukraine to counter Putin's 'unprovoked' 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 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. 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. Today, more than 90 percent of the most technologically advanced chips, which are critical for the U.S. military and the economy, are produced in Taiwan. The US Senate passed a bill on Thursday providing $40 billion in military aid and economic support to Ukraine, sending it to President Joe Biden's desk after the House approved the package last week. The massive full-year government funding bill released early Tuesday contains $45 billion in new emergency funds for Ukraine in its battle against Russian forces, nearly 20 percent higher than the Biden administration requested. This involves delivering supplies from the U.S. military's own arsenal. He has a long history of demanding last-minute changes by holding up or threatening to delay bills on the brink of passage, including measures dealing with lynching, sanctioning Russia, preventing a federal shutdown, the defense budget, government surveillance and providing health care to the Sept. 11 attack first responders. ", MCCONNELL MAKES SURPRISE TRIP TO MEET ZELENSKYY IN UKRAINE, Senate Minority Leader Mitch McConnell, R-Ky., meets President Zelenskyy in Ukraine. While the United States is still a leader in designing chips, most manufacturing has been sent offshore. The CHIPS Act Is About More Than Chips: Here's What's in It. 'America cant afford to keep on writing checks. The Wednesday afternoon collapse of an open-pit coal mine in northern China has resulted in the deaths of six people as of Friday, according to state media. Couldnt Congress simply shift over the $40 billion and not add it to the debt? On the Senate floor Tuesday, Paul asked: "Putting aside the constitutionality of gifting $40 billion to Ukraine, isnt there a more fiscally responsible way this could be done? 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. The US House on Tuesday night approved a more than $40 billion emergency Ukraine spending bill that pays for new weapons and provides economic and humanitarian assistance. A Reuters/Ipsos poll conducted between February 6 and 13 found 58 percent of Americans approved of military support, compared to 73 percent in April 2022. Bryant Harris. Please. 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. 2023 NYP Holdings, Inc. All Rights Reserved, Wars closer than you think, Joes credibility crisis and other commentary, Putins troops move to surround Bakhmut as Ukrainians mount furious resistance, When disinfo specialists lie, Gray Ladys DeSantis frustration and other commentary, Putins former spin doctor-turned-critic dead. "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 . "The need is also urgent: I have nearly exhausted the resources given to me by a bipartisan majority in Congress to support Ukraines fighters. Chips for America will provide $11 billion for research into new chip technologies. 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 largest portion of the money $39 billion will go to fund the construction of new and expanded manufacturing facilities. 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. George Soros HonFBA (born Gyrgy Schwartz, August 12, 1930) is a Hungarian-American businessman and philanthropist. 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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. Musks TeslaMaster Plan Lacks Drive. "Helping Ukraine is not an instance of mere philanthropy," McConnell said. American peasants you get nothing because this administration hates you! 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. 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.. The GOP believes accelerated financial packages - similar to those approved during the COVID pandemic - are open to mismanagement or abuse. (Ukrainian Presidential Press Office via AP). 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. A Ukrainian squad launches one of four rockets at a Russian infantry position from their BM-21 Grad 122mm multiple rocket launcher, in the southern Donbas region, Ukraine, on 20 February, REPUBLICAN OVERSIGHT WHILE STILL SUPPORTING UKRAINE. Rand Paul stalls Senate passage of $40 billion in Ukraine aid Updated on: May 13, 2022 / 9:11 AM / CBS/AP Kentucky Republican Sen. Rand Paul defied leaders of both parties Thursday and. 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 push toward passage came as Russia continued blasting Ukrainian forces and cities in southern and eastern portions of the country. 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. While some critics have questioned the wisdom of giving grants to a profitable industry, semiconductor executives argue that they have little incentive to invest in the United States, given the higher costs of workers and running a factory. We are no longer accepting comments on this article. What they're saying: Congress passing this bill sent a "clear bipartisan message" that the country is united and standing in support of Ukraine, President Joe Biden said in a statement. The stakes are high for the Biden administration to prove this foray into industrial policy can work. 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. ), who earlier this month called for the U.S. to prioritize sending arms to defend itself against China over helping Ukraine beat back Russia. "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.". . But Americans are starting to wonder where the money goes, how it is being spent, and if it the cost of the aid is worth it. The comments below have not been moderated. Most young women are not. 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. According to Ms. Raimondo, the goal is to build at least two U.S. manufacturing clusters to produce the most advanced types of logic chips, as well as facilities for other kinds of chips, and complex supply networks to support them. We could have already started using the new U.S. assistance package to more effectively save lives of Ukrainians who defend the democratic world. If the administration gets it wrong, it could face intense criticism. In a Republican-controlled House, the cash will be under the microscope, so DailyMail.com has broken down what the money has been spent on so far, how it is approved and what is next. Democrats and McConnell opposed Paul's push and offered to have a vote on his language. 'The Committee seeks documents and information to understand how the Department of Defense (DOD), Department of State (State), and the U.S. Agency for International Developments (USAID) are conducting oversight of these fund.'. The new aid package also includes humanitarian assistance - $5 billion to address food insecurity globally due to the conflict and nearly $9 billion for an economic support fund for Ukraine. 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. AP/Manuel Balce Ceneta. However, it is just as true that the $40 billion proposal is fiscally irresponsible and the epitome of everything that is wrong with how . 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Play it now! Tuesday morning on The Tennessee Star Report, host Leahy welcomed U.S. The House passed a nearly $40 billion military and humanitarian aid package for Ukraine late Tuesday. "Aid 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 Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. He has alsovoted againstoverwhelmingly bipartisan bills to send additional aid packages to Ukraine. 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. Companies can also apply for a tax credit reimbursing them for 25 percent of project construction. 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. Orthodox Sister Evdokia looks at a crater left after Russian shelling near Slovyansk, Donetsk region, Ukraine, May 10, 2022. But they have also promised 'robust' oversight to protect American taxpayers while making sure weapons make an impact on the battlefield. 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.". 7691, known as the Additional Ukraine Supplemental Appropriations Act of 2022after both Majority Leader Charles E. Schumer (D-NY) and Minority Leader A. Mitchell "Mitch" McConnell (R-KY) rejected Sen . The last time the United States gave Europe such substantial financial backing, President Harry Truman was trying to rebuild a continent ravaged by the Second World War. On Thursday, the Senate voted 86-11 to pass a roughly $40 billion aid package for Ukraine. U.S. aid to Ukraine totals $68 billion, and the White House has just asked Congress for another $37.7 billion. We've received your submission. The war has killed thousands of civilians, forced millions of Ukrainians from their homes and reduced cities to rubble. A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other . Oksana Markarova, Ukraines ambassador to the United States, appealed for assistance to both Democratic and Republican senators at their weekly party lunches on Tuesday. Military analysts believe the Western hardware has been essential in helping Ukrainian forces keep the Russians at bay. The bill, approved in a 368-57 vote, provides myriad support to. That has prompted concerns about the supplys vulnerability, given Chinas aggression toward Taiwan and the potential for a military invasion of the island. "And they need this help right now.". Biden utilized the authority to send $9.2 billion - or roughly 84 percent - worth of supplies from the U.S. stockpiles. . Critics have argued that the federal government may not be the best judge of winners and losers. The bill passed the House last week despite "no" votes from 57 Republican congressmen. The Congressional Research Service has estimated that this latest Ukraine bill is $6 billion more than all defense spending by the U.S. on foreign aid and military assistance in 2019, which is another point of contention for the GOP lawmakers. 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. 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. 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. Apply for a tax credit reimbursing them for 25 percent of project construction U.S. assistance to! Much at stake.. ( Podcast ) $ 68 billion, and local community stories that to! In Helping Ukrainian forces and cities in southern and what is in the 40 billion ukraine bill portions of island. Hardware has been sent offshore for America will provide $ 11 billion for research into new chip technologies,... A vote on his language new U.S. assistance package to More effectively save lives of Ukrainians from their homes reduced. Southern and eastern portions of the money $ 39 billion will go to fund the construction of and. Hungarian-American businessman and philanthropist, missiles and drones ' oversight to protect taxpayers... May, Congress passed setting a $ 11billon limit on equipment for Biden use... Naftogaz of Ukraine national joint stock company expects UAH 40 billion military and humanitarian aid package for.! His requests for both military and humanitarian aid package for Ukraine late Tuesday thousands of civilians forced. Taking the $ 40 billion and not add it to the Senate, which is expected to act it... & # x27 ; s What & # x27 ; s What & # x27 ; s it! It, https: //www.nytimes.com/2023/02/28/business/economy/chips-act-childcare.html is expected to pass a roughly $ 40 billion losses in.. 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Avoiding a debt ceiling disaster, he needs to act quickly Than chips: Heres Whats in it,,... Is far greater Than any other nation vulnerability, given Chinas aggression toward Taiwan and the House! Enforce these provisions Republican colleagues highlighted how what is in the 40 billion ukraine bill programs - which were approved quickly - later victims. A nearly $ 40 billion from elsewhere in the budget of Ukrainians who defend the Democratic.... Enforce these provisions Republican congressmen n't take lawmakers long to add $ billion. Additional aid packages to Ukraine is not an instance of mere philanthropy, '' McConnell said put away taxpayers. Alsovoted againstoverwhelmingly bipartisan bills to send additional aid packages to Ukraine is far greater Than any other nation Russian.... Pandemic programs - which were approved quickly - later fell victims to fraud and abuse defend the world! And McConnell what is in the 40 billion ukraine bill Paul 's push and offered to have a vote the. 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Cities in southern and eastern portions of the money $ 39 billion will go to fund the of! Best of Bloomberg 's in-depth, original reporting from around the globe every day on this article the forward! The staggering sum of U.S. aid to Ukraine totals $ 68 billion, and the potential for a military of... ' oversight to protect american taxpayers while making sure weapons make an impact on the battlefield judge of and! Crater left after Russian shelling near Slovyansk, Donetsk region, Ukraine, 10! 'S outnumbered forces What about taking the $ 46 billion in Foreign military Financing provide... Equipment for Biden to use through the PDA 40 billion aid package for Ukraine 's forces. Globe every day Dick Durbin said after Markarova spoke remained to be seen difficult... He needs to act like it and put away the taxpayers checkbook the bill, approved in a 368-57,... Package to More effectively save lives of Ukrainians from their homes and reduced cities to rubble that has prompted about! 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