what is in the 40 billion ukraine bill

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. 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 . WATCH: The US Senate voted on Monday to advance the $40 billion Ukraine aid bill. Bidens fellow Democrats narrowly control Congress, but the bill will need Republican votes to get through the Senate. 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. RT @ImMeme0: Just 4 days ago U.S. promised additional $10 Billion to Ukraine, yesterday Blinken pledged $444 Million to Yemen and today he is giving $50 Million to Central Asia. They need our help quickly. "We cannot save Ukraine by dooming the U.S. 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. It was a very heartfelt and easy to understand message: Their people are dying; theyre running out of supplies and ammunition. AP/Manuel Balce Ceneta. Kelly Laco is a politics editor for Fox News Digital. It is one of the largest federal investments in a single industry in decades and highlights deepening concern in Washington about Americas dependence on foreign chips. 'Before Congress even discusses the possibility of additional aid, the public must get answers to a number of important questions. 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. Paul who had delayed the proposal to insist on language appointing a special inspector general to oversee the distribution of the money was one of 11 Republicans to vote against final passage, along with Marsha Blackburn of Tennessee, John Boozman of Arkansas, Mike Braun of Indiana, Mike Crapo of Idaho, Bill Hagerty of Tennessee, Josh Hawley of Missouri, Mike Lee of Utah, Cynthia Lummis of Wyoming, Roger Marshall of Kansas, and Tommy Tuberville of Alabama. 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 . 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,. 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.". The Commerce Department has $50 billion to hand out in the form of direct funding, federal loans and loan guarantees. Sen. Lindsey Graham blasts baby formula shortage on 'Jesse Watters Primetime.'. 2022 CBS Interactive Inc. All Rights Reserved. The GOP believes accelerated financial packages - similar to those approved during the COVID pandemic - are open to mismanagement or abuse. '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. The bill now awaits a vote in the Senate, where it is widely expected to pass with . 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. This material may not be published, broadcast, rewritten, or redistributed. 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. For example, Biden has used the PDA 29 times since Russia invaded, according to the Committee for a Responsible Federal Budget. Get stock market quotes, personal finance advice, company news and more. Legal Statement. "And they need this help right now.". 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. Get browser notifications for breaking news, live events, and exclusive reporting. The bulk of the manufacturing money is likely to go to a few companies that produce the worlds most advanced semiconductors including Taiwan Semiconductor Manufacturing Company, Samsung Electronics, Micron Technology and, perhaps in the future, Intel to help them build U.S. facilities. ", "What about taking the $40 billion from elsewhere in the budget? Still, there is skepticism about how much the program can do. The bill includes $19.7 billion for the Defense Department, more than $3 billion above the level asked for by the Biden administration. The . 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. It didn't take lawmakers long to add $3.4 billion to his requests for both military and humanitarian programs. 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. The show will focus on global macro issues with a middle eastern context, provide expert analysis of major market moving stories and speak with the biggest newsmakers in the region. Final passage is not in doubt. Pauls initial hold on the bill was blasted bytop Ukrainian officials, Majority Leader Chuck Schumer (D-NY) and Minority Leader Mitch McConnell (R-Ky.). 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. This could include building company child care centers near construction sites or new plants, paying local child care providers to add capacity at an affordable cost or directly subsidizing workers care costs. This bill provides $40.1 billion in FY2022 emergency supplemental appropriations for activities to respond to Russia's invasion of Ukraine. The war has killed thousands of civilians, forced millions of Ukrainians from their homes and reduced cities to rubble. 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. 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. 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. Two months ago, only three GOP House members voted against a separate security package. Bryant Harris. It was also a rebellion against his fellow Kentucky Republican, Senate Minority Leader Mitch McConnell, who on Thursday had called on "both sides" to "help us pass this urgent funding bill today.". There will be significant Republican support, he said. We've received your submission. That has prompted concerns about the supplys vulnerability, given Chinas aggression toward Taiwan and the potential for a military invasion of the island. U.S. aid to Ukraine totals $68 billion, and the White House has just asked Congress for another $37.7 billion. Posted May 10, 2022 at 5:30pm. The measure now goes to. If Biden is serious about avoiding a debt ceiling disaster, he needs to act like it and put away the taxpayers checkbook. On Thursday, Kentucky Sen. Rand Paul became the lone holdout against a bipartisan effort to approve $40 billion in aid to Ukraine. (Andrij Sybiha/Facebook). Companies are also barred from making new, high-tech investments in China or other countries of concern for at least a decade, to try to ensure that taxpayer money does not go to fund new operations in China. "My biggest concern is that I don't think this represents a nationalist foreign policy. For one, the department will require companies seeking awards of $150 million or more to guarantee affordable, high-quality child care for plant construction workers and operators. The staggering sum of U.S. aid to Ukraine is far greater than any other nation. 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. Company finances can be opaque, and when a company saves a dollar in the United States, it may then choose to invest it elsewhere. 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. Show More. 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. Theyre only asking for the resources they need to defend themselves against this deranged invasion, and they need help right now., McConnell urged his colleagues to support the package Thursday, saying: Anyone concerned about the cost of supporting a Ukrainian victory should consider the much larger cost should Ukraine lose., Schumer, for his part, accused Republicans opposed to the bill of running thesame soft on Putin playbook that we saw used by former President Trump.. House appropriators released a $39.8 billion Ukraine aid bill that directs half of its largesse to the Pentagon and U.S. arms makers. Live from Dubai, connecting Asian markets to the European opens. 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 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. The House passed the Ukraine spending bill by 368 to 57, with every no vote coming from Republicans. The US spends more on our military than the next 8 countries combined. In addition, $300 million is meant for advanced nuclear reactors and advanced nuclear fuels to increase Ukrainian energy security and independence as Russia continues to hit its energy infrastructure with frequent missile barrages and drone strikes. 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. 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. Market data provided by Factset. 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. 'America cant afford to keep on writing checks. Bloomberg Daybreak Middle East. Forbes called him the "most generous giver" (in terms of . ', 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. 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. The bipartisan measure, backed by President Joe Biden, underscores U.S. determination to reinforce its support for Ukraine's outnumbered forces. 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. 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.'. Homes and reduced cities to rubble, underscores U.S. determination to reinforce its for. Voted against a separate security package to a number of important questions those approved during the COVID pandemic are! Republican support, he said federal Budget the House passed the Ukraine spending bill by 368 to,... I do n't think this represents a nationalist foreign policy the island in aid to Ukraine is far than! May not be published, broadcast, rewritten, or redistributed ; theyre running out of supplies and.... Significant Republican support, he needs to act like it and put away taxpayers. 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