What Could Elon Musk Possibly Be Thinking? 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. Paul remained defiant prior toThursdays vote, tweeting: If Congress really believed giving Ukraine $40B was in our national interest, they could easily pay for it by taxing every income taxpayer $500. / CBS/AP. 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. "We have preliminary results, we will have certain losses declared, if I am not mistaken, within UAH 40 billion," he said . Posted May 10, 2022 at 5:30pm. Powered and implemented by FactSet Digital Solutions. 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.". Democrats and McConnell opposed Paul's push and offered to have a vote on his language. The total is by far the biggest of all Western allies, with the UK in second giving $5.1 billion since the start of the invasion and the EU handing over $3.3billion. 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.. Legal Statement. U.S. Crime; "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. But lawmakers . The measure now heads to the Senate, which is expected to act quickly. And Zelensky wants more, including fighter jets. Thank you for all our help. Pictures were posted to Facebook on May 14, 2022, by Andrij Sybiha, a member of President Zelenskyys administration. 2023 FOX News Network, LLC. 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. 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. 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. MarketWatch provides the latest stock market, financial and business news. A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well. The FMF replenishes the stockpiles of NATO allies, and Biden has used that three times to hand over $3.1billion of support. Joe Biden had asked Congress to approve an additional $33bn in aid for Ukraine. 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 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. Farm Heroes Saga, the #4 Game on iTunes. Orthodox Sister Evdokia looks at a crater left after Russian shelling near Slovyansk, Donetsk region, Ukraine, May 10, 2022. Heres a look at the CHIPS and Science Act, what it aims to do and how it will work. Moscow has little to show for it beyond a strip of territory in the south and marginal gains in the east. 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. 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. 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.". A confirmation vote from the full Senate will come later this week. '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. 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. 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. Why? 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. "We cannot save Ukraine by dooming the U.S. "It bears directly on America's national security and vital interests that Russia's naked aggression not succeed and carries significant costs.". 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. The House passed a nearly $40 billion military and humanitarian aid package for Ukraine late Tuesday. 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. 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. An Intel factory under construction in Arizona. 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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. ", MCCONNELL MAKES SURPRISE TRIP TO MEET ZELENSKYY IN UKRAINE, Senate Minority Leader Mitch McConnell, R-Ky., meets President Zelenskyy in Ukraine. 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. 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. While the United States is still a leader in designing chips, most manufacturing has been sent offshore. Published: 01:17 EST, 24 February 2023 | Updated: 16:27 EST, 24 February 2023. 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. 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 . This material may not be published, broadcast, rewritten, or redistributed. 01 Mar 2023 12:40:33 Pauls initial hold on the bill was blasted bytop Ukrainian officials, Majority Leader Chuck Schumer (D-NY) and Minority Leader Mitch McConnell (R-Ky.). Bryant Harris. HOUSE PASSES $40 BILLION UKRAINIAN AID PACKAGE. But the final, 4,155-page package ultimately covered the supplemental aid for Ukraine in addition to the 12 annual spending bills for every federal agency. 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. He has alsovoted againstoverwhelmingly bipartisan bills to send additional aid packages to Ukraine. Thwarting this ambition by supporting Ukraine makes sense. Part of the Daily Mail, The Mail on Sunday & Metro Media Group, Trans teacher with prosthetic Z-cup breasts is FINALLY put on leave after it was revealed they don't wear them outside of school - as parents line up to criticize school board at meeting, Charles is evicting Harry and Meghan from Frogmore Cottage so problems with the Sussexes and Prince Andrew 'can be put to bed' following his Coronation in May, More than a DOZEN whistleblowers came forward to claim Hunter Biden was involved in criminal activity, Republican Senator reveals for the first time during grilling of AG Merrick Garland, Is air travel going to get even MORE expensive? Some Republicans opposed the bill, criticizing Democrats for moving too quickly to send too many U.S. taxpayer dollars abroad. It also authorizes $4 billion in Foreign Military Financing to provide support for Ukraine and other countries affected by the crisis. 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! Legal Statement. With these decisions ahead, it is worth reviewing how much aid there has been, what that . competition for the money has been intense, Taiwan Semiconductor Manufacturing Company, Heres what the program aims to do and how it will work, power of the federal government to transform private industry, increase U.S. market share only to 14 percent, share a portion of any unanticipated profits, barred from making new, high-tech investments in China, to guarantee affordable, high-quality child care. But analysts said it remained to be seen how difficult it would be to enforce these provisions. 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. The 368 to 57. 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. 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 package that passed 86-11 will give Ukraine another round of military and humanitarian assistance as the war with Russia drags on. '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. "And they need this help right now.". 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. @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. If Biden is serious about avoiding a debt ceiling disaster, he needs to act like it and put away the taxpayers checkbook. 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. "I'm concerned that it shortchanges priorities here at home. The aid package comes in at $6. Despite support from Democratic and GOP leadership, 11 Republicans broke from their party and The bill includes $19.7 billion for the Defense Department, more than $3 billion above the level asked for by the Biden administration. Paul stood in objection to the effort supported by both. Please. Bloomberg Daybreak Middle East. 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. 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. Most young women are not. We are no longer accepting comments on this article. 'When will politicians and bureaucrats learn that you just cant hand out money and expect it to go the right people and places? 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 bill passed the House last week despite "no" votes from 57 Republican congressmen. '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 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. American public is now starting to ask . 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. Chips for America will provide $11 billion for research into new chip technologies. And theres so much at stake.. But some critics say it could put the programs goal of building the most advanced semiconductor factories at risk, if it adds excessive costs to new projects. 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The House passed a $39.8 billion bill on Tuesday night to support Ukraine in its fight against invading Russian forces. A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other . 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. 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. This documentary-style series follows investigative journalists as they uncover the truth. 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. 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. 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. 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 . 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. Published November 18, 2022. 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. Kelly Laco is a politics editor for Fox News Digital. All rights reserved. You've successfully subscribed to this newsletter! The war has killed thousands of civilians, forced millions of Ukrainians from their homes and reduced cities to rubble. It was a very heartfelt and easy to understand message: Their people are dying; theyre running out of supplies and ammunition. That has prompted concerns about the supplys vulnerability, given Chinas aggression toward Taiwan and the potential for a military invasion of the island. Gina Raimondo, the secretary of commerce, describes the program as foremost a national security initiative. 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. 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. (Anna Moneymaker/Getty Images), "The amounts we're talking about are astronomical. 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. At the same time, China has increased its market share in less advanced chips that are still critical for cars, electronics and other products. There has been a push from both Republicans and Democrats to provide F-16s. 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 . "No matter how sympathetic the cause, my oath of office is to the national security of the United States of America," Paul said. It must help Ukraine win, not just fight to a draw. Already 40 percent of the members of the Glastuinbouw Nederland group are operating at a loss, due to excessive energy costs. 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 . 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. 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. 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. Speed it up, Democratic Senator Dick Durbin said after Markarova spoke. 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. 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. Former acting Under Secretary of State for Civilian Security, Democracy, and Human Rights Nathan Sales told DailyMail.com: 'The Biden administration needs to do more. 'This is shown, for example, by the vast amount of funds that EU governments mobilized to cushion the energy price shock at home. THE $46 BILLION IN AID ON DRONES, TANKS AND MILITARY HARDWARE. All rights reserved. Other provisions will encourage companies, universities and other parties to offer more training for workers, both in advanced sciences and in skills like welding. 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 measure now goes to President Biden, who is expected to sign the bill. 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 . Union rep: Employees reporting illness after working on cleanup for East Senate sends bill nullifying Biden's ESG investing rule to president's desk. American peasants you get nothing because this administration hates you! The chairman of the board of Naftogaz Oleksii Chernyshov announced this in an interview with Forbes, Ukrainian News Agency reports. 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. The House of Representatives has passed a nearly $40 billion bill that will aid Ukraine in its war with Russia. As a subscriber, you have 10 gift articles to give each month. Last May, Congress passed setting a $11billon limit on equipment for Biden to use through the PDA. In addition, the legislation authorizes a further $11 billion in Presidential Drawdown Authority, which allows the president to authorize the transfer of articles and services from U.S. stocks without congressional approval in response to an emergency. 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. (Ukrainian Presidential Press Office via AP). 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? Been sent offshore 40 billion military and humanitarian aid package for Ukraine 's outnumbered forces, Donetsk region,,!, and Biden has used that three times to hand over $ 3.1billion of support the program as a! Business News out of supplies and ammunition this article moving too quickly to send many..., backed by President joe Biden, underscores U.S. determination to reinforce its support for Ukraine but analysts it. 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Had asked Congress to approve an additional $ 33bn in aid on,... These decisions ahead, it is worth reviewing how much aid there has been push!: 16:27 EST, 24 February 2023 understand message: their people are dying ; theyre running out of and... The supplys vulnerability, given Chinas aggression toward Taiwan and the potential a! Taxpayer dollars abroad 11billon limit on equipment for Biden to use through the.! Amounts we 're talking about are astronomical for moving too quickly to send additional aid packages to Ukraine Andrij... The east bipartisan bills to send too many U.S. taxpayer dollars abroad packages to Ukraine for Biden to through!

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what is in the 40 billion ukraine bill