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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. 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. The House passed a nearly $40 billion package for Ukraine late Tuesday, sending the bill to the Senate as lawmakers heed President Joe Biden's warning that U.S. cash to help the allied country . Critics have argued that the federal government may not be the best judge of winners and losers. Joe Biden is pictured on Monday in Kyiv alongside Ukrainian counterpart Zelensky. It also authorizes $4 billion in Foreign Military Financing to provide support for Ukraine and other countries affected by the crisis. "Helping Ukraine is not an instance of mere philanthropy," McConnell said. The staggering sum of U.S. aid to Ukraine is far greater than any other nation. It didn't take lawmakers long to add $3.4 billion to his requests for both military and humanitarian programs. 'This is shown, for example, by the vast amount of funds that EU governments mobilized to cushion the energy price shock at home. "They're only asking for the resources they need to defend themselves against this deranged invasion," McConnell said of the Ukrainians. 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 . Bloomberg Daybreak Middle East. The latest Arizona headlines, breaking news, in-depth investigations, politics, and local community stories that matter to you. This would also be the fourth package for Ukraine, with a $13.6 billion tranche given in March, a $40 billion package passed in May and another $12.3 billion attached to a continuing resolution . Reflecting international concerns prompted by the assault, Finland's leaders announced their support for joining NATO and Sweden seemed not far behind. 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 . 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. (Ukrainian Presidential Press Office via AP). Why? 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. The bill includes $19.7 billion for the Defense Department, more than $3 billion above the level asked for by the Biden administration. "It is a matter of priorities that are misplaced. Powered and implemented by FactSet Digital Solutions. That would deny Mr. Biden the chance past presidents have had to make an appointment to the post, they said. George Soros HonFBA (born Gyrgy Schwartz, August 12, 1930) is a Hungarian-American businessman and philanthropist. Biden had asked for $5 billion. 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. Senate Minority Leader Mitch McConnell, R-Ky., meets President Zelenskyy in Ukraine. 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 . And theres so much at stake.. The bill passed the House last week despite "no" votes from 57 Republican congressmen. (Andrij Sybiha/Facebook). 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 368 to 57. 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. Biden had called on Congress to move quickly so he could sign the bill into law before existing defense aid for Ukraine runs out later in May. The bill now awaits a vote in the Senate, where it is widely expected to pass with . WATCH: The US Senate voted on Monday to advance the $40 billion Ukraine aid bill. This involves delivering supplies from the U.S. military's own arsenal. 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 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 . 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 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 largest portion of the money $39 billion will go to fund the construction of new and expanded manufacturing facilities. The CHIPS Act Is About More Than Chips: Here's What's in It. $13.6 billion for aid to Ukraine . American peasants you get nothing because this administration hates you! Thats not isolationism. Paul pointed out that if the Senate approves the spending, the U.S. will have authorized $60 billion in total spending for Ukraine. US House Passes $40 Billion Bill to Bolster Ukraine Against Russian Invasion. 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 week, 57 Republicans voted against the Ukraine assistance bill in the House. Updated on: May 13, 2022 / 9:11 AM 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. 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. 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. "All he will accomplish with his actions here today is to delay that aid, not to stop it.". ), who earlier this month called for the U.S. to prioritize sending arms to defend itself against China over helping Ukraine beat back Russia. The bill passed 368 to 57. 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. Get browser notifications for breaking news, live events, and exclusive reporting. Final passage is not in doubt. The outcome had been up in the air in the final weeks ahead of the bills release, as pressure from far-right GOP lawmakers sought to scuttle any extra assistance for the former Soviet country. 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. On Thursday, Kentucky Sen. Rand Paul became the lone holdout against a bipartisan effort to approve $40 billion in aid to Ukraine. 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 initially sought in his supplemental request last month. Paul stood in objection to the effort supported by both. Stories from Ukraine Biden's approval rating has hit a new low The last time the United States gave Europe such substantial financial backing, President Harry Truman was trying to rebuild a continent ravaged by the Second World War. Musks TeslaMaster Plan Lacks Drive. The Commerce Department has $50 billion to hand out in the form of direct funding, federal loans and loan guarantees. Market data provided by Factset. Copyright 2023 CBS Interactive Inc. All rights reserved. Companies can also apply for a tax credit reimbursing them for 25 percent of project construction. 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. 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. Tuesday morning on The Tennessee Star Report, host Leahy welcomed U.S. The measure also includes $8.8 billion to keep the Kyiv government functioning, more than $5 billion to provide food to countries around the world that rely on Ukrainian crops devastated by the fighting and $900 million to teach English and provide other services to Ukrainian refugees who have moved to the United States. Fox News' Marisa Schultz, Lawrence Richard and The Associated Press contributed to this report. The huge support package - three times more than what the U.S. spent in Afghanistan in a year - is dominated by the $46.6 billion in military equipment and support. The department said it would give preference to projects for which state and local governments were providing incentives with spillover benefits for communities, like work force training, education investment or infrastructure construction. Covering Phoenix, Mesa, Glendale, Scottsdale, Gilbert, the valley . 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 package delivers nearly $14 billion in emergency funding to help address the emerging humanitarian crisis in Ukraine and shore up the country's defense . We are no longer accepting comments on this article. 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. With these decisions ahead, it is worth reviewing how much aid there has been, what that . Greg Nash/Pool via AP, File. First published on May 12, 2022 / 9:46 PM. All Democrats and most Republicans backed it, though every "no" vote came from the GOP. "We cannot save Ukraine by dooming the U.S. The massive full-year government funding bill released early Tuesday contains $45 billion in new emergency funds for Ukraine in its battle against Russian forces, nearly 20 percent higher than the Biden administration requested. 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. Two months ago, only three GOP House members voted against a separate security package. 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. Do not sell or share my personal information. 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? Ukraine is not asking us to fight this war, McConnell said. The Senate is expected to hold a final passage vote on the bill later this week, requiring just 60 votes, and then it would head to President Biden's desk. The legislation has been approved overwhelmingly by the House and has strong bipartisan support in the Senate. But they have also promised 'robust' oversight to protect American taxpayers while making sure weapons make an impact on the battlefield. Quotes displayed in real-time or delayed by at least 15 minutes. 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. Kennedy's assassin Sirhan Sirhan, 78, as prisoner still won't reveal reason for the 1968 murder of the senator and then-presidential candidate, Plastic surgeon reveals the one exercise that makes you AGE FASTER - saying he tells his patients to stop the popular workout if they want to avoid a 'gaunt, old face', 'He played Muhammad Ali, I played Pookie! 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. Anyone can read what you share. Play it now! 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 . Its about prioritizing American security and American interests.. Comer and his Republican colleagues highlighted how pandemic programs - which were approved quickly - later fell victims to fraud and abuse. (Podcast). An Intel factory under construction in Arizona. Mutual Fund and ETF data provided by Refinitiv Lipper. 'When will politicians and bureaucrats learn that you just cant hand out money and expect it to go the right people and places? 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. THE $46 BILLION IN AID ON DRONES, TANKS AND MILITARY HARDWARE. Gleb Garanich/Reuters. 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. Despite support from Democratic and GOP leadership, 11 Republicans broke from their party and Published November 18, 2022. In the spring, the new Congress will consider aid in the context of the administration's proposed FY 2024 budget. 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. 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. That helped create a car shortage and raise the price of cars, stoking inflation. Senate Minority Leader Mitch McConnell, R-Ky., traveled to Ukraine over the weekend and met with President Volodmyr Zelenskyy. The bipartisan measure, backed by President Joe Biden, underscores U.S. determination to reinforce its support for Ukraine's outnumbered forces. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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 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. In addition, $300 million is meant for advanced nuclear reactors and advanced nuclear fuels to increase Ukrainian energy security and independence as Russia continues to hit its energy infrastructure with frequent missile barrages and drone strikes. "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. A major change is that this package looks ahead months rather than weeks. 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. Chips for America will provide $11 billion for research into new chip technologies. 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 . Legal Statement. 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. Given the huge cost of building highly advanced semiconductor facilities, the funding could go fast, and competition for the money has been intense. Forbes called him the "most generous giver" (in terms of . Moscow has little to show for it beyond a strip of territory in the south and marginal gains in the east. He added, "It is more than any other country spends on their entire military expendituresour total aid to Ukraine will almost equal the entire military budget of Russia.". The rest of the United States' financial assistance covers funds for humanitarian and financial aid such as food, safe drinking water and medical supplies. 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