There is also money to support refugee programs for the vast number of Ukrainians who have been forced to flee their homes. The measure now goes to President Biden, who is expected to sign the bill. The staggering sum of U.S. aid to Ukraine is far greater than any other nation. "It is a matter of priorities that are misplaced. 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. President Biden has three methods at his disposal to provide direct aid to Ukraine: The Presidential Drawdown Authority (PDA), the Ukraine Security Assistance Initiative (USAI), and Foreign Military Financing (FMF). 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. Biden utilized the authority to send $9.2 billion - or roughly 84 percent - worth of supplies from the U.S. stockpiles. Updated on: May 13, 2022 / 9:11 AM @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. Quotes displayed in real-time or delayed by at least 15 minutes. 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. 'The Europeans' hesitancy in the first year of the war is a remarkable phenomenon, especially since financial resources can be quickly mobilized,' he added. Comer and his Republican colleagues highlighted how pandemic programs - which were approved quickly - later fell victims to fraud and abuse. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. The House passed a roughly $40 billion supplemental package of military, economic and humanitarian aid for Ukraine on Tuesday night just hours after Democratic leaders introduced the bill.. THE HILL 1625 K STREET, NW SUITE 900 WASHINGTON DC 20006 | 202-628-8500 TEL | 202-628-8503 FAX. 2 Samsung is growing in Texas. The bipartisan backing for Ukraine has been partly driven by accounts of Russian atrocities against Ukrainian civilians that have been impossible to ignore. But chip makers have already announced billions of dollars in plans for new investments around the United States. Moscow has little to show for it beyond a strip of territory in the south and marginal gains in the east. In the spring, the new Congress will consider aid in the context of the administration's proposed FY 2024 budget. Coronavirus. One 2020 study, for example, found that a $50 billion investment in the industry would increase U.S. market share only to 14 percent. Paul pointed out that if the Senate approves the spending, the U.S. will have authorized $60 billion in total spending for Ukraine. 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. 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. First published on May 12, 2022 / 9:46 PM. 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. 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. We are no longer accepting comments on this article. The week before, House Speaker Nancy Pelosi, D-Calif., visited Ukraine accompanied by several of her Democratic colleagues. If Biden is serious about avoiding a debt ceiling disaster, he needs to act like it and put away the taxpayers checkbook. I think it will pass. House appropriators released a $39.8 billion Ukraine aid bill that directs half of its largesse to the Pentagon and U.S. arms makers. 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. Market data provided by Factset. 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. Biden had called on Congress to move quickly so he could sign the bill into law before existing defense aid for Ukraine runs out later in May. 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. 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. If the defense of Ukraine is really in our national security interest, shouldnt their gift come from our military budget?". 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. 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. The Naftogaz of Ukraine national joint stock company expects UAH 40 billion losses in 2022. Why? The biggest hurdle to rapid approval of the assistance was cleared this week when Biden and Democrats dropped their demand to include billions more in the measure to bolster U.S. efforts to counter the coronavirus pandemic. The bill provides appropriations to several federal departments and agencies, including the Department of Justice, the Department of Defense, the Nuclear Regulatory Commission, Last May, Congress passed setting a $11billon limit on equipment for Biden to use through the PDA. 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 . 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. Please. 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. Thats nationalism. The Senate finally approved an additional $40 billion in military and humanitarian aid for Ukraine on Thursday after Sen. Rand Paul blocked the legislations swift passage last week much to the ire of his colleagues. The U.S. Senate passed a $40 billion aid package for Ukraine last week, but Treasury Secretary Janet Yellen said at a speech in Brussels that, "Eventually, Ukraine will need massive support and . Powered and implemented by FactSet Digital Solutions. What Could Elon Musk Possibly Be Thinking? The House passed a nearly $40 billion military and humanitarian aid package for Ukraine late Tuesday. Military analysts believe the Western hardware has been essential in helping Ukrainian forces keep the Russians at bay. 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. . Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. The bill includes $19.7 billion for the Defense Department, more than $3 billion above the level asked for by the Biden administration. Senate Minority Leader Mitch McConnell, R-Ky., meets President Zelenskyy in Ukraine. Biden administration officials have said they expect the latest aid measure to last through September. 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 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 .. 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. 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. 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. The latest Arizona headlines, breaking news, in-depth investigations, politics, and local community stories that matter to you. "We cannot save Ukraine by dooming the U.S. 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. Micron, which makes advanced memory chips, has announced big expansion plans in New York. Forbes called him the "most generous giver" (in terms of . Ms. Raimondo has said child care will draw more people into the work force, when many businesses are struggling in a tight labor market. A major change is that this package looks ahead months rather than weeks. Bidens fellow Democrats narrowly control Congress, but the bill will need Republican votes to get through the Senate. Published November 18, 2022. A $40 billion Ukraine aid package passed the Senate on Tuesday with relative ease despite opposition from 11 Republicans. 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. 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