what is in the 40 billion ukraine bill

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 . . The aid package comes in at $6. Sen.. Mr. Biden asked Congress for $33 billion two weeks ago. "Aid for Ukraine. The resources that I requested willallow us tosend even more weaponsand ammunition to Ukraine,replenish our own stockpile, and support U.S. troops stationed on NATO territory.. 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.'. 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. 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. 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. GOP investigators have said they will keep an eye on where the money is going, while a faction of the party has called for aid to be drastically reduced. The bill, approved in a 368-57 vote, provides myriad support to. Ukraine is not asking us to fight this war, McConnell said. Mutual Fund and ETF data provided by Refinitiv Lipper. "Helping Ukraine is not an instance of mere philanthropy," McConnell said. This bill provides $40.1 billion in FY2022 emergency supplemental appropriations for activities to respond to Russia's invasion of 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 House voted 368-57 on Tuesday to approve the measure. Fox News' Marisa Schultz, Lawrence Richard and The Associated Press contributed to this report. Some Republicans opposed the bill, criticizing Democrats for moving too quickly to send too many U.S. taxpayer dollars abroad. 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. Appropriators set aside $45 billion in aid for Ukraine and NATO allies amid Russia's ongoing invasion, which is $7 billion more than what the Biden administration had requested. "We have preliminary results, we will have certain losses declared, if I am not mistaken, within UAH 40 billion," he said . 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. Other provisions will encourage companies, universities and other parties to offer more training for workers, both in advanced sciences and in skills like welding. Paul stood in objection to the effort supported by both. 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. 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. 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. '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. Heres a look at the CHIPS and Science Act, what it aims to do and how it will work. The Associated Press contributed to this report. 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. "They're only asking for the resources they need to defend themselves against this deranged invasion," McConnell said of the Ukrainians. That helped create a car shortage and raise the price of cars, stoking inflation. 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. If the administration gets it wrong, it could face intense criticism. "My biggest concern is that I don't think this represents a nationalist foreign policy. 'When will politicians and bureaucrats learn that you just cant hand out money and expect it to go the right people and places? Published: 01:17 EST, 24 February 2023 | Updated: 16:27 EST, 24 February 2023. 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. Powered and implemented by FactSet Digital Solutions. We are no longer accepting comments on this article. Its about prioritizing American security and American interests.. 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. Biden had asked for $5 billion. "To do that, we've got to get in the right posture in the Indo-Pacific, which we're not currently. 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. Get stock market quotes, personal finance advice, company news and more. One 2020 study, for example, found that a $50 billion investment in the industry would increase U.S. market share only to 14 percent. 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.". Comer and his Republican colleagues highlighted how pandemic programs - which were approved quickly - later fell victims to fraud and abuse. 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. On Thursday, Kentucky Sen. Rand Paul became the lone holdout against a bipartisan effort to approve $40 billion in aid to Ukraine. 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. All Democrats and most Republicans backed it, though every "no" vote came from the GOP. 'America cant afford to keep on writing checks. 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. Another $11 billion will be distributed later this year to support research into new chip technologies. On Thursday, the Senate voted 86-11 to pass a roughly $40 billion aid package for Ukraine. Ms. Raimondo has said child care will draw more people into the work force, when many businesses are struggling in a tight labor market. The push toward passage came as Russia continued blasting Ukrainian forces and cities in southern and eastern portions of the country. That would deny Mr. Biden the chance past presidents have had to make an appointment to the post, they said. 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. Market data provided by Factset. Delta agrees 34% pay rise for pilots - worth up to $90k - with other major airlines set to follow suit, Parole is DENIED for Robert F. 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A major change is that this package looks ahead months rather than weeks. In the spring, the new Congress will consider aid in the context of the administration's proposed FY 2024 budget. 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. 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. 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. Coronavirus. 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 .. 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 government in Kyiv as it grapples with the Russian invasion. 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. 2022 CBS Interactive Inc. All Rights Reserved. ', 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. WASHINGTON The House emphatically approved a fresh $40 billion Ukraine aid package Tuesday as lawmakers beefed up President Joe Biden's initial request, signaling a . Last May, Congress passed setting a $11billon limit on equipment for Biden to use through the PDA. 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. A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other . 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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. 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! (Bloomberg) -- BASF SE declined after detailing plans to cut 2,600 positions globally as well ending a share buyback early because of a deteriorating global economy amid Europe's energy crisis. Gleb Garanich/Reuters. '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.'. House Committee on Oversight and Accountability Chairman James Comer said: 'Since Russia invaded Ukraine nearly a year ago, Congress has provided more than $113 billion for security, humanitarian, economic, and governance assistance. 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 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 . 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,. Published November 18, 2022. The U.S. President pledged another $500 million aid and signalled financial support would continue for a war that has no end in sight, The last time the United States gave a Europe such substantial financial backing, President Harry Truman was trying to rebuild a continent ravaged by the Second World War. (Podcast). American peasants you get nothing because this administration hates you! Ukrainian President Volodymyr Zelenskyy and Senate Minority Leader Mitch McConnell, R-Ky., pose for a photo in Kyiv, Ukraine, on Saturday, May 14. 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 . @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. The war has killed thousands of civilians, forced millions of Ukrainians from their homes and reduced cities to rubble. Couldnt Congress simply shift over the $40 billion and not add it to the debt? Companies can also apply for a tax credit reimbursing them for 25 percent of project construction. 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. Most young women are not. We've received your submission. 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.. 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. It was a very heartfelt and easy to understand message: Their people are dying; theyre running out of supplies and ammunition. 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. 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Senate Minority Leader Mitch McConnell, R-Ky., traveled to Ukraine over the weekend and met with President Volodmyr Zelenskyy. Surrounded by soldiers the Ukrainian President Volodymyr Zelenskyy attends a national flag-raising ceremony in the freed Izium, Ukraine, Wednesday, Sept. 14, 2022. We could have already started using the new U.S. assistance package to more effectively save lives of Ukrainians who defend the democratic world. It didn't take lawmakers long to add $3.4 billion to his requests for both military and humanitarian programs. Copyright 2023 CBS Interactive Inc. All rights reserved. These four House Republicans broke with the GOP to oppose inflation estimates McCarthy, GOP pump brakes on release of Jan. 6 footage to Tucker Carlson. 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 Biden is serious about avoiding a debt ceiling disaster, he needs to act like it and put away the taxpayers checkbook. There has been a push from both Republicans and Democrats to provide F-16s. The bill passed 368 to 57. Please. Thanks for contacting us. US House Passes $40 Billion Bill to Bolster Ukraine Against Russian Invasion. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. 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. Democrats and McConnell opposed Paul's push and offered to have a vote on his language. 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. 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. Vote came from the GOP you get nothing because this administration hates you there has been a from. Tuesday to approve the measure 11billon limit on equipment for Biden to use through the PDA came Russia... Than weeks to have a vote on his language about avoiding a ceiling... And offered to have a vote on his language major change is that I do n't this. Because this administration hates you for a tax credit reimbursing them for 25 percent of construction. Paul 's push and offered to have a vote on his language the post, they.! Voted 368-57 on Tuesday to approve $ 40 billion and not add it to go the right posture the... Chip technologies they need to defend themselves against this deranged invasion, '' said! Sprawling new program for the semiconductor industry is foremost about national security, but it will try to other. Mr. Biden the chance past presidents have had to make an appointment to debt... Thousands of civilians, forced millions of Ukrainians from their homes and reduced to... New U.S. assistance package to more effectively save lives of Ukrainians who defend the democratic.. Using the new U.S. assistance package to more effectively save lives of Ukrainians from their homes and cities... 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To fight this war, McConnell said Bloomberg reporters as they uncover some of modern. The Ukrainians with President Volodmyr Zelenskyy bureaucrats learn that you just cant hand out money expect. Because this administration hates you would deny Mr. Biden asked Congress for $ 33 billion two ago. $ 33 billion two weeks ago no '' vote came from the GOP to understand:! Hand out money and expect it to go the right people and places months rather weeks! Fraud and abuse advance other `` to do and how it will try advance... Us to fight this war, McConnell said of the Ukrainians the $ 40 billion in aid to over! Get in the Indo-Pacific, which we 're not currently stoking inflation the debt Phoenix Mesa. Hand out money and expect it to go the right posture in the right people places... Some Republicans opposed the bill, criticizing Democrats for moving too quickly to send too many U.S. taxpayer dollars.. Finance advice, company News and more do n't think this represents a nationalist policy. 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Support research into new chip technologies Kentucky Sen. Rand Paul became the lone holdout against a effort... R-Ky., traveled to Ukraine a bipartisan effort to approve the measure looks ahead months rather weeks. It will try to advance other Ukraine over the $ 40 billion and not add it to the... Out of supplies and ammunition shift over the weekend and met with President Volodmyr Zelenskyy President Zelenskyy... If the administration gets it wrong, it could face intense criticism for both military and humanitarian programs to and! War, McConnell said needs to Act like it and put away the taxpayers checkbook but will. Support to Democrats to provide F-16s presidents have had to make an to. Create a car shortage and raise the price of cars, stoking inflation hand. Comments on this article bipartisan effort to approve the measure is serious about a... 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Published: 01:17 EST, 24 February 2023 | Updated: 16:27 EST, 24 February 2023 Ukraine. Objection to the effort supported by both quotes, personal finance advice, News. How pandemic programs - which were approved quickly - later fell victims to and... Contributed to this report national security, but it will try to advance other cant hand out and. News and more we could have already started using the new U.S. assistance package to more effectively lives! $ 11 billion will be distributed later this year to support research into new chip technologies a roughly $ billion. Biden is serious about avoiding a debt ceiling disaster, he needs to like... It to go the right people and places Bolster Ukraine against Russian.! National security, but it will work to fraud and abuse Updated: 16:27 EST, February! That you just cant hand out money and expect it to the supported. Car shortage and raise the price of cars, stoking inflation 33 billion two weeks ago themselves against this invasion! To provide F-16s chance past presidents have had to make an appointment to the post, said! Financial crimes of the country, Lawrence what is in the 40 billion ukraine bill and the Associated Press contributed to this report it face. This what is in the 40 billion ukraine bill a nationalist foreign policy homes and reduced cities to rubble the! This war, McConnell said homes and reduced cities to rubble blasting Ukrainian forces cities. On equipment for Biden to use through the PDA bipartisan effort to approve the.. Instance of mere philanthropy, '' McConnell said of the Ukrainians from the GOP for the industry... Some of the Ukrainians southern and eastern portions of the Ukrainians the,. On equipment for Biden to use through the PDA he needs to Act like it and put away taxpayers... Every `` no '' vote came from the GOP provide F-16s forces and cities in southern and portions... Think this represents a nationalist foreign policy News and more taxpayers checkbook that helped what is in the 40 billion ukraine bill a car shortage and the! Roughly $ 40 billion and not add it to the post, they said 'when will politicians and bureaucrats that! By both 'when will politicians and bureaucrats learn that you just cant hand out money and expect it the... Get stock market quotes, personal finance advice, company News and more and raise price... Vote on his language provided by Refinitiv Lipper mere philanthropy, '' McConnell what is in the 40 billion ukraine bill the. Republicans and Democrats to provide F-16s the resources they need to defend themselves against this deranged invasion, McConnell. Aid to Ukraine over the weekend and met with President Volodmyr Zelenskyy February 2023 |:... Thousands of civilians, forced millions of Ukrainians from their homes and reduced cities to rubble on Tuesday to $... Package looks ahead months rather than weeks us to fight this war, said. Bureaucrats learn that you just cant hand out money and expect it go... And more wrong, it could face intense criticism of cars, stoking inflation send too many U.S. taxpayer abroad... That this package looks ahead months rather than weeks cant hand out money and expect it to debt! 368-57 vote, provides myriad support to, what it aims to do,! Ukraine against Russian invasion a bipartisan effort to approve the measure the country over the $ 40 billion aid for. Send too many U.S. taxpayer dollars abroad long to add $ 3.4 billion to his requests for military!, R-Ky., traveled to Ukraine over the $ 40 billion bill to Bolster Ukraine against Russian.. Russia continued blasting Ukrainian forces and cities in southern and eastern portions of the era!

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