Bloomberg Daybreak Middle East. 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. "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. 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. 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 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.'. 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 . Its about prioritizing American security and American interests.. There's $8.7 billion for the Pentagon to rebuild stocks of weapons it has shipped to Ukraine and $3.9 billion for U.S. troops in the region. 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 package includes $6 billion for security assistance, including training, equipment, weapons and support; $8.7 billion to replenish stocks of U.S. equipment sent to Ukraine, and $3.9 billion for European Command operations. The House of Representatives has passed a nearly $40 billion bill that will aid Ukraine in its war with 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. The US spends more on our military than the next 8 countries combined. MORE: Top House Republicans support more aid for Ukraine but want 'accountability' Company finances can be opaque, and when a company saves a dollar in the United States, it may then choose to invest it elsewhere. Joe Biden had asked Congress to approve an additional $33bn in aid for Ukraine. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. / CBS/AP. We've received your submission. For example, Biden has used the PDA 29 times since Russia invaded, according to the Committee for a Responsible Federal Budget. $13.6 billion for aid to Ukraine . U.S. aid to Ukraine totals $68 billion, and the White House has just asked Congress for another $37.7 billion. 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 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. 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. Paul pointed out that if the Senate approves the spending, the U.S. will have authorized $60 billion in total spending for 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. We've got to get serious about getting tough on China's trade cheating, which this administration is not. 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. Quotes displayed in real-time or delayed by at least 15 minutes. "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. 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. Thats not isolationism. Market data provided by Factset. 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. 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. 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. The bill, which includes military, economic and humanitarian assistance to. Greg Nash/Pool via AP, File. 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 war has killed thousands of civilians, forced millions of Ukrainians from their homes and reduced cities to rubble. "Aid for Ukraine. This documentary-style series follows investigative journalists as they uncover the truth. Schumer and McConnell stood nearly side-by-side as they tried pushing the legislation forward. 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. 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. "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.". 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 passed the Ukraine spending bill by 368 to 57, with every no vote coming from Republicans. 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. However, it is just as true that the $40 billion proposal is fiscally irresponsible and the epitome of everything that is wrong with how . It also authorizes $4 billion in Foreign Military Financing to provide support for Ukraine and other countries affected by the crisis. economy.". Pictures were posted to Facebook on May 14, 2022, by Andrij Sybiha, a member of President Zelenskyys administration. Bryant Harris. A major change is that this package looks ahead months rather than weeks. 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. 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 FMF replenishes the stockpiles of NATO allies, and Biden has used that three times to hand over $3.1billion of support. 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. He was joined by John Barrasso of Wyoming, Susan Collins of Maine and John Cornyn of Texas. 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 . @POTUS, @SecBlinken, @SenateGOP, @SenateDems and American people were in strong support, and @RandPaul delayed so much needed support,Dymtro Kuleba, Ukraines minister of foreign affairs,wroteon Twitter at the time. 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. 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. Among the most vocal was Sen.Josh Hawley(R-Mo. 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, bipartisan commitment to thwart Russian President Vladimir Putin's bloody three-month-old invasion. But they have also promised 'robust' oversight to protect American taxpayers while making sure weapons make an impact on the battlefield. Given the huge cost of building highly advanced semiconductor facilities, the funding could go fast, and competition for the money has been intense. That helped create a car shortage and raise the price of cars, stoking inflation. 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 bipartisan backing for Ukraine has been partly driven by accounts of Russian atrocities against Ukrainian civilians that have been impossible to ignore. With these decisions ahead, it is worth reviewing how much aid there has been, what that . 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. And theres so much at stake.. 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. 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. 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