The aid package comes in at $6. 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 House voted 368-57 on Tuesday to approve the measure. The House on Tuesday night voted 368-57 to pass nearly $40 billion in additional military, economic and humanitarian aid to Ukraine to fight against Russia's invasion. 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. 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. economy.". 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. 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. Two months ago, only three GOP House members voted against a separate security package. 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. A $40 billion Ukraine aid package passed the Senate on Tuesday with relative ease despite opposition from 11 Republicans. 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. Mutual Fund and ETF data provided by Refinitiv Lipper. A major change is that this package looks ahead months rather than weeks. 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. 'This is shown, for example, by the vast amount of funds that EU governments mobilized to cushion the energy price shock at home. Last May, Congress passed setting a $11billon limit on equipment for Biden to use through the PDA. Quotes displayed in real-time or delayed by at least 15 minutes. Another $11 billion will be distributed later this year to support research into new chip technologies. 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.". 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.. 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. 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.. 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. 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. 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 House passed a $39.8 billion bill on Tuesday night to support Ukraine in its fight against invading Russian forces. 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. Get the latest updates from the 2024 campaign trail, exclusive interviews and more Fox News politics content. Among the most vocal was Sen.Josh Hawley(R-Mo. Moscow has little to show for it beyond a strip of territory in the south and marginal gains in the east. Comer and his Republican colleagues highlighted how pandemic programs - which were approved quickly - later fell victims to fraud and abuse. 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. 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. There will be significant Republican support, he said. With these decisions ahead, it is worth reviewing how much aid there has been, what that . 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. Bryant Harris. All rights reserved. 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. It didn't take lawmakers long to add $3.4 billion to his requests for both military and humanitarian programs. 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. Powered and implemented by FactSet Digital Solutions. That helped create a car shortage and raise the price of cars, stoking inflation. War in Ukraine Russian combat capabilities Europe Congress set to approve an additional $40 billion in aid to Ukraine House backed the proposal Tuesday night on a bipartisan vote, with the. $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 . Coronavirus. 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? 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. First published on May 12, 2022 / 9:46 PM. You've successfully subscribed to this newsletter! U.S. Sen. Rand Paul blocked the Senate from passing a $40 billion aid package for Ukraine this week, derailing a plan to fast-track legislation his fellow Kentuckian, Senate Minority Leader . The program also includes some ambitious and unusual requirements aimed at benefiting the people who will staff semiconductor facilities. 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 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. 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. A confirmation vote from the full Senate will come later this week. "No matter how sympathetic the cause, my oath of office is to the national security of the United States of America," Paul said. Thats nationalism. And a Car. 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. Chip shortages during the pandemic forced factories to halt work and brought home in a tangible way how vulnerable the supply chain is to disruption. 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. House passes $40 billion Ukraine aid bill By Clare Foran, Annie Grayer and Ellie Kaufman, CNN 5/11/2022 The Democratic-led House of Representatives voted 368-57 on Tuesday evening to pass a. 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. That would send it to President Joe Biden for his signature if no changes are made. On Thursday, Kentucky Sen. Rand Paul became the lone holdout against a bipartisan effort to approve $40 billion in aid to Ukraine. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. "Kyiv would become the largest yearly recipient of U.S. military aid over the past two decades," Paul said. Speed it up, Democratic Senator Dick Durbin said after Markarova spoke. "And they need this help right now.". "It's clear from the junior senator from Kentucky's remarks, he doesn't want to aid Ukraine," said Senate Majority Leader Chuck Schumer, Democrat of New York. Kelly Laco is a politics editor for Fox News Digital. The Naftogaz of Ukraine national joint stock company expects UAH 40 billion losses in 2022. The United States manufactures 12 percent of chips, though none of the worlds most advanced. For example, Biden has used the PDA 29 times since Russia invaded, according to the Committee for a Responsible Federal Budget. "I'm concerned that it shortchanges priorities here at home. The Associated Press contributed to this report. The bipartisan backing for Ukraine has been partly driven by accounts of Russian atrocities against Ukrainian civilians that have been impossible to ignore. Kentucky Republican Sen. Rand Paul defied leaders of both parties Thursday and delayed until next week Senate approval of an additional $40 billion to help Ukraine and its allies withstand Russia's three-month old invasion. 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. THE HILL 1625 K STREET, NW SUITE 900 WASHINGTON DC 20006 | 202-628-8500 TEL | 202-628-8503 FAX. '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.'. 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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. Military analysts believe the Western hardware has been essential in helping Ukrainian forces keep the Russians at bay. The big picture: The vote passed 368-57, hours after congressional leaders struck a deal on the aid which Axios' Alayna Treene notes is billions more than the $33 billion the White House initially requested. 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. Most young men are single. Republicans want separate COVID-19 legislation to be a battleground for an election-season fight over immigration that divides Democrats. Tennessee's two GOP senators were two of the 11 senators who voted May 16 against expediting a floor vote on President Joseph R. Biden Jr.'s $40 billion aid package to Ukraine, H.R. 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. Pauls initial hold on the bill was blasted bytop Ukrainian officials, Majority Leader Chuck Schumer (D-NY) and Minority Leader Mitch McConnell (R-Ky.). Forbes called him the "most generous giver" (in terms of . 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. "It bears directly on America's national security and vital interests that Russia's naked aggression not succeed and carries significant costs.". 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. 01 Mar 2023 12:40:33 Ukrainian President Volodymyr Zelenskyy and Senate Minority Leader Mitch McConnell, R-Ky., pose for a photo in Kyiv, Ukraine, on Saturday, May 14. 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 . The Biden administration unveiled rules Tuesday for its Chips for America program to build up semiconductor research and manufacturing in the United States, beginning a new rush toward federal funding in the sector. 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. Tuesday morning on The Tennessee Star Report, host Leahy welcomed U.S. 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 . 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. Given the huge cost of building highly advanced semiconductor facilities, the funding could go fast, and competition for the money has been intense. ", MCCONNELL MAKES SURPRISE TRIP TO MEET ZELENSKYY IN UKRAINE, Senate Minority Leader Mitch McConnell, R-Ky., meets President Zelenskyy in Ukraine. The Commerce Department said it would look closely at companies that applied for funding, to try to ensure that they were not being given more taxpayer dollars than they needed. The bill passed 368 to 57. Biden had asked for $5 billion. 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 . With the Senate poised to debate and vote on the package of military and economic aid, Paul denied leaders the unanimous agreement they needed to proceed. Copyright 2023 CBS Interactive Inc. All rights reserved. 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The war has killed thousands of civilians, forced millions of Ukrainians from their homes and reduced cities to rubble. Powered and implemented by FactSet Digital Solutions. It also authorizes $4 billion in Foreign Military Financing to provide support for Ukraine and other countries affected by the crisis. 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. 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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 . 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 .. American public is now starting to ask . The US spends more on our military than the next 8 countries combined. "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. Union rep: Employees reporting illness after working on cleanup for East Senate sends bill nullifying Biden's ESG investing rule to president's desk. Final passage of military, food aid bill expected this week, Kentucky Senator Paul delayed passage, demanded changes. The measure now goes to. The measure now heads to the Senate, which is expected to act quickly. Oksana Markarova, Ukraines ambassador to the United States, appealed for assistance to both Democratic and Republican senators at their weekly party lunches on Tuesday. 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. 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. Mr. Biden asked Congress for $33 billion two weeks ago. 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? 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 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. "My oath of office is to the U.S. Constitution, not to any foreign nation," Paul, who has been leading on this issue, tweeted Thursday after he single-handedly delayed a unanimous consent request to move the bill forward. US House Passes $40 Billion Bill to Bolster Ukraine Against Russian Invasion. 'Before Congress even discusses the possibility of additional aid, the public must get answers to a number of important questions. 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. 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. "All he will accomplish with his actions here today is to delay that aid, not to stop it.". We've got to get serious about getting tough on China's trade cheating, which this administration is not. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Democrats said they were objecting to Paul's plan because it would expand the powers of an existing inspector general whose current purview is limited to Afghanistan. The bill, approved in a 368-57 vote, provides myriad support to. 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. "I mean, what needs to happen here is we need to get out of the business of nation building, and we need to get focused on deterring our most significant adversary, which is China," said Hawley, who says he still supports aid to Ukraine to defeat Russia, but not in such a massive quantity. The rest of the United States' financial assistance covers funds for humanitarian and financial aid such as food, safe drinking water and medical supplies. One 2020 study, for example, found that a $50 billion investment in the industry would increase U.S. market share only to 14 percent. 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. (Ukrainian Presidential Press Office via AP). 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 latest Arizona headlines, breaking news, in-depth investigations, politics, and local community stories that matter to you. The stakes are high for the Biden administration to prove this foray into industrial policy can work. The package that passed 86-11 will give Ukraine another round of military and humanitarian assistance as the war with Russia drags on. "Helping Ukraine is not an instance of mere philanthropy," McConnell said. What Could Elon Musk Possibly Be Thinking? WATCH: The US Senate voted on Monday to advance the $40 billion Ukraine aid bill. This material may not be published, broadcast, rewritten, or redistributed. Hawley told Fox News Digital Tuesday during an exclusive interview that the reason why he voted "no" to advance the aid package is due to the fact that it will harm the United States' standing domestically as well as on the world stage and doesn't represent a "nationalist" foreign policy view. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. MarketWatch provides the latest stock market, financial and business news. Paul stood in objection to the effort supported by both. He has alsovoted againstoverwhelmingly bipartisan bills to send additional aid packages to Ukraine. 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. 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. Musks TeslaMaster Plan Lacks Drive. "The need is also urgent: I have nearly exhausted the resources given to me by a bipartisan majority in Congress to support Ukraines fighters. Legal Statement. 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. All Democrats and most Republicans backed it, though every "no" vote came from the GOP. Published November 18, 2022. Final passage is not in doubt. 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. 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,. 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 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.. In the spring, the new Congress will consider aid in the context of the administration's proposed FY 2024 budget. Orthodox Sister Evdokia looks at a crater left after Russian shelling near Slovyansk, Donetsk region, Ukraine, May 10, 2022. 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. 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. 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. The bill still must be passed by the House and Senate and signed by Biden, but should it happen by years end, total U.S. military, humanitarian and economic assistance to Ukraine will tick past more than $110 billion in 2022. 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. 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. 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. The House of Representatives passed a new $40 billion aid package for Ukraine on Tuesday as it continues to battle a Russian invasion and all votes against the measure came from Republicans.. Actions here today is to delay that aid, not to stop.... On our military than the next 8 countries combined Senator Paul delayed passage demanded... Both military and humanitarian assistance to exclusive interviews and more Fox News content... Policy can work shortchanges priorities here at home highlighted how pandemic programs - which were quickly! 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