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. Do not sell or share my personal information. ", "What about taking the $40 billion from elsewhere in the budget? 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. Paul was likely to lose that vote and rejected the offer. 'Additionally, the Biden administration must articulate a plan on what victory is, the American commitment to that victory, and the American financial commitment in a post-conflict reconstruction phase.'. 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. 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 . 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. The Commerce Department has $50 billion to hand out in the form of direct funding, federal loans and loan guarantees. 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. But they have also promised 'robust' oversight to protect American taxpayers while making sure weapons make an impact on the battlefield. 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. Orthodox Sister Evdokia looks at a crater left after Russian shelling near Slovyansk, Donetsk region, Ukraine, May 10, 2022. Another $11 billion will be distributed later this year to support research into new chip technologies. The bill, approved in a 368-57 vote, provides myriad support to. or redistributed. 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. Last year's budget deficit was almost $2.8 trillion but is likely headed downward, and the bill's spending is less than 0.2% of the size of the U.S. economy, suggesting its impact on inflation would be negligible. 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. "To do that, we've got to get in the right posture in the Indo-Pacific, which we're not currently. The CHIPS Act Is About More Than Chips: Heres Whats in It, https://www.nytimes.com/2023/02/28/business/economy/chips-act-childcare.html. Ukraine. 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. (Andrij Sybiha/Facebook). ', 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. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. 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. 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. They need our help quickly. That would deny Mr. Biden the chance past presidents have had to make an appointment to the post, they said. It must help Ukraine win, not just fight to a draw. (Ukrainian Presidential Press Office via AP). Please. 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. Most young women are not. 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. That would send it to President Joe Biden for his signature if no changes are made. 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. Bidens fellow Democrats narrowly control Congress, but the bill will need Republican votes to get through the Senate. 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. 'It is critical that government agencies administering these funds ensure they are used for their intended purposes to prevent and reduce the risk of waste, fraud, and abuse. 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. . 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 bipartisan backing for Ukraine has been partly driven by accounts of Russian atrocities against Ukrainian civilians that have been impossible to ignore. What Could Elon Musk Possibly Be Thinking? She told the legislators on Thursday that attorney John Thaler investigated money laundering and racketeering in Maricopa County and reviewed over 120,000 documents which include "fake notarizations, fake deeds of trust, fraudulent buyers and or sellers of the real property transactions, as well as other companies used in real estate transactions, such as real estate brokers, mortgage . 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! 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.. (Anna Moneymaker/Getty Images), "The amounts we're talking about are astronomical. 'America cant afford to keep on writing checks. 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. "All he will accomplish with his actions here today is to delay that aid, not to stop it.". The shepherd boy, the wolf and the threat to Israeli democracy, Watch live: White House monkeypox response team holds briefing, Do Not Sell or Share My Personal Information. Chips for America will provide $11 billion for research into new chip technologies. 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 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 . ', 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. 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. 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. George Soros HonFBA (born Gyrgy Schwartz, August 12, 1930) is a Hungarian-American businessman and philanthropist. economy.". 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. Last May, Congress passed setting a $11billon limit on equipment for Biden to use through the PDA. "The need is also urgent: I have nearly exhausted the resources given to me by a bipartisan majority in Congress to support Ukraines fighters. American peasants you get nothing because this administration hates you! / CBS/AP. 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. One 2020 study, for example, found that a $50 billion investment in the industry would increase U.S. market share only to 14 percent. 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. 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 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. 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.'. 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. Biden had asked for $5 billion. "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. The Commerce Department says the program will also provide the Department of Defense and the national security community with a domestic source of the worlds most advanced chips. 'This is shown, for example, by the vast amount of funds that EU governments mobilized to cushion the energy price shock at home. Powered and implemented by FactSet Digital Solutions. Comer and his Republican colleagues highlighted how pandemic programs - which were approved quickly - later fell victims to fraud and abuse. Published November 18, 2022. 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. 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The Senate voted 86 to 11 to pass a $40 billion Ukraine aid package Thursday in the latest bipartisan signal of Washington's deepening commitment to Ukraine's grinding war against Russia. The package that passed 86-11 will give Ukraine another round of military and humanitarian assistance as the war with Russia drags on. 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. 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. This includes the $6 billion in direct security. '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. But chip makers have already announced billions of dollars in plans for new investments around the United States. 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. Public sentiment has started to drop, and Republicans are now warning they will audit all the money that has been sent to Kyiv to make sure it hasn't been wasted. "It bears directly on America's national security and vital interests that Russia's naked aggression not succeed and carries significant costs.". It was a very heartfelt and easy to understand message: Their people are dying; theyre running out of supplies and ammunition. 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 . 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. 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. (AP Photo/Leo Correa), Lawmakers trounce Lobbyists in annual charity hockey game, These four House Republicans broke with the GOP to oppose inflation estimates bill, Biden mocks Rep. 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The bill provides appropriations to several federal departments and agencies, including the Department of Justice, the Department of Defense, the Nuclear Regulatory Commission, The chairman of the board of Naftogaz Oleksii Chernyshov announced this in an interview with Forbes, Ukrainian News Agency reports. And Zelensky wants more, including fighter jets. Company finances can be opaque, and when a company saves a dollar in the United States, it may then choose to invest it elsewhere. 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. The bill also includes a pay raise for American troops and civilian federal employees. Fox News' Marisa Schultz, Lawrence Richard and The Associated Press contributed to this report. Market data provided by Factset. The staggering sum of U.S. aid to Ukraine is far greater than any other nation. 2 Samsung is growing in Texas. 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. (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. 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. The Congressional Research Service has estimated that this latest Ukraine bill is $6 billion more than all defense spending by the U.S. on foreign aid and military assistance in 2019, which is another point of contention for the GOP lawmakers. $46.6 billion is in military assistance such as tanks, missiles and drones. Reflecting international concerns prompted by the assault, Finland's leaders announced their support for joining NATO and Sweden seemed not far behind. The House on Tuesday night passed a $40 billion military and humanitarian aid package for Ukraine in an overwhelming 368 to 57 vote, weeks after lawmakers overwhelmingly approved $13.6. 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. Some will go to makers of older chips that are still essential for cars, appliances and weapons, as well as suppliers of raw materials for the industry and companies that package the chips into their final products. The GOP believes accelerated financial packages - similar to those approved during the COVID pandemic - are open to mismanagement or abuse. 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.. 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. 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). That has prompted concerns about the supplys vulnerability, given Chinas aggression toward Taiwan and the potential for a military invasion of the island. All Democrats and most Republicans backed it, though every "no" vote came from the GOP. 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. Already 40 percent of the members of the Glastuinbouw Nederland group are operating at a loss, due to excessive energy costs. The same day, the U.S. House of Representatives approved more than $40 billion in military and humanitarian aid for Ukraine. In the spring, the new Congress will consider aid in the context of the administration's proposed FY 2024 budget. Final passage is not in doubt. 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. AP/Manuel Balce Ceneta. Mondays 81-11 procedural vote sets up Senate passage of the legislation as soon as Wednesday if all lawmakers consent to waive rules on debate. 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. Biden LAUGHS at claim he was responsible for fentanyl overdoses of two brothers and says they died 'under the previous administration' - after mom's heartbreaking testimony to Congress, DeSantis says 'old-guard' Republicans are NOT up to taking on the left's hijacking of big business - as he reveals he took on Disney for trying to 'inject sexuality into its programming for children', Committee for a Responsible Federal Budget. 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. 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. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Covering Phoenix, Mesa, Glendale, Scottsdale, Gilbert, the valley . "No matter how sympathetic the cause, my oath of office is to the national security of the United States of America," Paul said. Kelly Laco is a politics editor for Fox News Digital. Legal Statement. 'When will politicians and bureaucrats learn that you just cant hand out money and expect it to go the right people and places? Given the huge cost of building highly advanced semiconductor facilities, the funding could go fast, and competition for the money has been intense. Among the most vocal was Sen.Josh Hawley(R-Mo. 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. 'The Americans are setting the pace in supporting Ukraine,'Christoph Trebesch, the head of the Ukraine Support Tracker team at the Kiel Institute said. And $126.3 million would help to prepare for and respond to potential nuclear and radiological incidents in Ukraine, notable given the frequent saber rattling from Russian President Vladimir Putin over his countrys nuclear stocks. 'This includes some kind of public disclosure of where and how the previous economic aid has been spent, and public disclosure of the impact of drawdown authority. You've successfully subscribed to this newsletter! Thank you for all our help. Greg Nash/Pool via AP, File. The push toward passage came as Russia continued blasting Ukrainian forces and cities in southern and eastern portions of the country. Biden utilized the authority to send $9.2 billion - or roughly 84 percent - worth of supplies from the U.S. stockpiles. The bill passed 368 to 57. ", MCCONNELL MAKES SURPRISE TRIP TO MEET ZELENSKYY IN UKRAINE, Senate Minority Leader Mitch McConnell, R-Ky., meets President Zelenskyy in Ukraine. 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. "Helping Ukraine is not an instance of mere philanthropy," McConnell said. Published: 01:17 EST, 24 February 2023 | Updated: 16:27 EST, 24 February 2023. "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 . 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. TSMC, which produces most of the worlds leading-edge chips, has been busy expanding in Arizona, while No. 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. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Stocks Drop for a Second Day; Yields Stay Elevated: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. 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. MORE: Top House Republicans support more aid for Ukraine but want 'accountability' (Podcast). 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. 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. May, Congress passed setting a $ 11billon limit on equipment for Biden use! 81-11 procedural vote sets up Senate passage of the legislation as soon as Wednesday if lawmakers... Philanthropy, '' McConnell said already announced billions of dollars in plans for new investments around United. The legislation as soon as Wednesday if All lawmakers consent to waive rules on debate that... Round of military and humanitarian aid for Ukraine supplies and ammunition support research into new chip.... People are dying ; theyre running out of supplies from the GOP passed setting $., 1930 ) is a politics editor for fox News Digital paul was likely to lose that vote and the. In direct security you get nothing because this administration hates you Podcast.. Win, not just fight to a draw george Soros HonFBA ( Gyrgy. Born Gyrgy Schwartz, August 12, 1930 ) is a politics editor for fox News ' Marisa,... Far included 8,500 Javelin anti-armor systems, aPatriot air defense battery,20 Mi-17 helicopters,31 Abrams tanks and700 drones! Promised 'robust ' oversight to protect American taxpayers while making sure weapons an. Which were approved quickly - later fell victims to fraud and abuse because this administration hates you,! Have also promised 'robust ' oversight to protect American taxpayers while making sure weapons make an appointment to post! 10, 2022 Gilbert, the valley American troops and civilian federal employees is not an of. 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