WASHINGTONThe House passed legislation to send $40 billion in emergency aid to Ukraine and U.S. allies in the region, but objections from Republicans in the Senate could slow its progress to. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. The mine collapsed because of a landslide that day, burying several workers under a debris pile 550 yards wide and approximately 87 yards high, Reuters reported citing state-broadcaster Russians have a high approval rating for Putin and the Ukraine war which may be due to the country's history with the United States and the Cold War. Powered and implemented by FactSet Digital Solutions. That would send it to President Joe Biden for his signature if no changes are made. 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. I think it will pass. Ukraine and countries affected by the situation in Ukraine, including NATO Eastern flank countries and other partners in the region, to build and update their capabilities. 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. 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. A $40 billion Ukraine aid package passed the Senate on Tuesday with relative ease despite opposition from 11 Republicans. HOUSE PASSES $40 BILLION UKRAINIAN AID PACKAGE. Ukrainian President Volodymyr Zelenskyy and Senate Minority Leader Mitch McConnell, R-Ky., pose for a photo in Kyiv, Ukraine, on Saturday, May 14. "That's why the package already includes millions of dollars to support additional oversight measures, including additional funding for existing inspectors general and we encourage all senators to promptly pass the bill as it stands, we feel what's in there sufficient.". This material may not be published, broadcast, rewritten, In addition to $6 billion for security assistance like training and weapons, the legislation includes $8.7 billion to replenish U.S. stocks of equipment sent to Ukraine . 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 rest of the United States' financial assistance covers funds for humanitarian and financial aid such as food, safe drinking water and medical supplies. 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.. Paul, a libertarian who often opposes U.S. intervention abroad, said he wanted language inserted into the bill, without a vote, that would have an inspector general scrutinize the new spending. Workers at Ford Motor factories in Michigan and Indiana worked a full week just three times last year because of a chips shortage, Ms. Raimondo said in a speech at Georgetown University last week. 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 Senate finally approved an additional $40 billion in military and humanitarian aid for Ukraine on Thursday after Sen. Rand Paul blocked the legislations swift passage last week much to the ire of his colleagues. It was a very heartfelt and easy to understand message: Their people are dying; theyre running out of supplies and ammunition. Show More. Coronavirus. 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 measure now goes to President Biden, who is expected to sign the bill. 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. 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. Market data provided by Factset. economy.". The bill on the first anniversary of Vladimir Putin's invasion confirms the U.S. is by far the world's biggest contributor to Volodymyr Zelensky's war effort - followed by the UK and European Union - and the White House has signaled support will continue. The legislation has been approved overwhelmingly by the House and has strong bipartisan support in the Senate. 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. Heres a look at the CHIPS and Science Act, what it aims to do and how it will work. The House of Representatives has passed a nearly $40 billion bill that will aid Ukraine in its war with Russia. 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 . 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. The bill, which includes military, economic and humanitarian assistance to. 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. 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. '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. Its about prioritizing American security and American interests.. 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.'. 2023 FOX News Network, LLC. 'The Europeans' hesitancy in the first year of the war is a remarkable phenomenon, especially since financial resources can be quickly mobilized,' he added. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. Some Republicans opposed the bill, criticizing Democrats for moving too quickly to send too many U.S. taxpayer dollars abroad. The Associated Press contributed to this report. Quotes displayed in real-time or delayed by at least 15 minutes. 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. 01 Mar 2023 12:40:33 The biggest hurdle to rapid approval of the assistance was cleared this week when Biden and Democrats dropped their demand to include billions more in the measure to bolster U.S. efforts to counter the coronavirus pandemic. 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 he will accomplish with his actions here today is to delay that aid, not to stop it.". Two months ago, only three GOP House members voted against a separate security package. In a decision that may irk some companies, the department said projects receiving grants would be required to share a portion of any unanticipated profits with the federal government, to ensure that companies gave accurate financial projections and didnt exaggerate costs to get bigger awards. A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well. The House voted 368-57 on Tuesday to approve the measure. This material may not be published, broadcast, rewritten, or redistributed. 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. The largest portion of the money $39 billion will go to fund the construction of new and expanded manufacturing facilities. 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.. If Biden is serious about avoiding a debt ceiling disaster, he needs to act like it and put away the taxpayers checkbook. Democrats keen on Ukraine aid, but refuse to help struggling Americans, Biden vows to ban assault weapons 'come hell or high water', Biden slammed for laughing while discussing mom who lost two children to fentanyl: 'Shameful', Lori Lightfoot's critics sound off on Chicago mayor losing re-election: 'Crime doesnt pay', President Biden, first lady's restaurant order sparks strong reactions. "We cannot save Ukraine by dooming the U.S. Musks TeslaMaster Plan Lacks Drive. 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. An Intel factory under construction in Arizona. "I would say that we agree oversight is critical," Psaki replied. "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. The staggering sum of U.S. aid to Ukraine is far greater than any other nation. 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. We are no longer accepting comments on this article. 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. Another $2.47 billion would address humanitarian needs in the country, $13.37 billion would go to economic support for Kyiv and $2.4 billion would help resettle Ukrainian arrivals and refugees into the United States. 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. Thwarting this ambition by supporting Ukraine makes sense. Already 40 percent of the members of the Glastuinbouw Nederland group are operating at a loss, due to excessive energy costs. Biden had asked for $5 billion. '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.'. The 368 to 57. American peasants you get nothing because this administration hates you! But lawmakers . Copyright 2023 CBS Interactive Inc. All rights reserved. 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. The Biden administration unveiled the rules for its program to build up U.S. semiconductor research and manufacturing. A major change is that this package looks ahead months rather than weeks. This includes the $6 billion in direct security. Reflecting international concerns prompted by the assault, Finland's leaders announced their support for joining NATO and Sweden seemed not far behind. 2022 CBS Interactive Inc. All Rights Reserved. This bill provides $40.1 billion in FY2022 emergency supplemental appropriations for activities to respond to Russia's invasion of Ukraine. 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 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. Oksana Markarova, Ukraines ambassador to the United States, appealed for assistance to both Democratic and Republican senators at their weekly party lunches on Tuesday. The CHIPS Act Is About More Than Chips: Here's What's in It. 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. The bipartisan backing for Ukraine has been partly driven by accounts of Russian atrocities against Ukrainian civilians that have been impossible to ignore. 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. The bill includes $19.7 billion for the Defense Department, more than $3 billion above the level asked for by the Biden administration. The . Russia-Ukraine Conflict House passes $40 billion Ukraine package to provide military, humanitarian aid The House voted a day after President Joe Biden called on Congress to "immediately". AP/Manuel Balce Ceneta. I mean, it seems to me to be part of this unfocused globalism that unfortunately many in my party have embraced in the last couple of decades," Hawley said. "The need is also urgent: I have nearly exhausted the resources given to me by a bipartisan majority in Congress to support Ukraines fighters. On Thursday, Kentucky Sen. Rand Paul became the lone holdout against a bipartisan effort to approve $40 billion in aid to Ukraine. All rights reserved. or redistributed. 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.. There will be significant Republican support, he said. 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Military analysts believe the Western hardware has been essential in helping Ukrainian forces keep the Russians at bay. Pictures were posted to Facebook on May 14, 2022, by Andrij Sybiha, a member of President Zelenskyys administration. 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. 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.". 'American taxpayers are rightly frustrated with over a hundred billion U.S. dollars that have been spent in Ukraine, especially given the lack of a clear vision or strategic objective in the conflict' Heritage Action for America executive director Jessica Anderson told DailyMail.com. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Company finances can be opaque, and when a company saves a dollar in the United States, it may then choose to invest it elsewhere. Paul stood in objection to the effort supported by both. 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'When will politicians and bureaucrats learn that you just cant hand out money and expect it to go the right people and places? 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. 'That means providing long range missiles, more tanks, fighter jets, and air defense systems. 'The Americans are setting the pace in supporting Ukraine,'Christoph Trebesch, the head of the Ukraine Support Tracker team at the Kiel Institute said. Mutual Fund and ETF data provided by Refinitiv Lipper. "It is a matter of priorities that are misplaced. 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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. Final passage is not in doubt. 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,. 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 . Published: 01:17 EST, 24 February 2023 | Updated: 16:27 EST, 24 February 2023. 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. Most young men are single. 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. 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 war has killed thousands of civilians, forced millions of Ukrainians from their homes and reduced cities to rubble. 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 passed in September. There has been a push from both Republicans and Democrats to provide F-16s. The Commerce Department has $50 billion to hand out in the form of direct funding, federal loans and loan guarantees. Farm Heroes Saga, the #4 Game on iTunes. 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. 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. 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? A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other . But analysts said it remained to be seen how difficult it would be to enforce these provisions. A confirmation vote from the full Senate will come later this week. 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. 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. (1) Nothing in this section shall be interpreted to: (A) preclude an individual described in subsection (a) from applying for or receiving any immigration benefits to which such individual is otherwise eligible; or (B) entitle a person described in subsection (a) to lawful permanent resident status. (Ukrainian Presidential Press Office via AP). Serious about avoiding a debt ceiling disaster, he said the bill, criticizing Democrats for moving too quickly send! 4 Game on iTunes Democrats for moving too quickly to send too many U.S. taxpayer dollars abroad Republicans Democrats. 2023 | Updated: 16:27 EST, 24 February 2023 what is in the 40 billion ukraine bill on this article includes. That this package looks ahead months rather than weeks relative ease despite opposition from 11 Republicans,! Original reporting from around the globe every day ETF data provided by Refinitiv Lipper All! Military, economic and humanitarian assistance to cities to rubble expect it President! 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