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. "We have preliminary results, we will have certain losses declared, if I am not mistaken, within UAH 40 billion," he said . 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. 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). 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. Sen. Lindsey Graham blasts baby formula shortage on 'Jesse Watters Primetime.'. 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 . 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But with Ukraine taking heavy military and civilian losses and no sense of when the fighting might end, Congress will ultimately face decisions about how much more aid to provide at a time of huge U.S. budget deficits and a risk of recession that could demand added spending at home. 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 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. Some Republicans opposed the bill, criticizing Democrats for moving too quickly to send too many U.S. taxpayer dollars abroad. 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! The U.S. Senate passed a bill on Thursday that would provide some $40 billion in additional military, economic and humanitarian aid to Ukraine following Russia's invasion as the Biden . 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 Commerce Department has $50 billion to hand out in the form of direct funding, federal loans and loan guarantees. 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. Most young men are single. Thats not isolationism. Mutual Fund and ETF data provided by Refinitiv Lipper. We've got to get serious about getting tough on China's trade cheating, which this administration is not. ", "What about taking the $40 billion from elsewhere in the budget? The week before, House Speaker Nancy Pelosi, D-Calif., visited Ukraine accompanied by several of her Democratic colleagues. Why? Bidens fellow Democrats narrowly control Congress, but the bill will need Republican votes to get through the Senate. WATCH: The US Senate voted on Monday to advance the $40 billion Ukraine aid bill. Please. In addition, it would put the United States at above $50 billion in total aid to Ukraine far exceeding the amount provided for by European countries, which Hawley and other Republican senators argue is disadvantageous to the international standing of the country. This material may not be published, broadcast, rewritten, or redistributed. Congress Rand Paul blocks quick passage of $40 billion Ukraine aid package The legislation has been approved overwhelmingly by the House and has strong bipartisan support in the Senate. On Thursday, the Senate voted 86-11 to pass a roughly $40 billion aid package for Ukraine. A major change is that this package looks ahead months rather than weeks. "All he will accomplish with his actions here today is to delay that aid, not to stop it.". 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. At the same time, China has increased its market share in less advanced chips that are still critical for cars, electronics and other products. (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. Schumer and McConnell stood nearly side-by-side as they tried pushing the legislation forward. Still, there is skepticism about how much the program can do. 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. This involves delivering supplies from the U.S. military's own arsenal. 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 government in Kyiv as it grapples with the Russian invasion. The measure now goes to President Biden, who is expected to sign the bill. In the spring, the new Congress will consider aid in the context of the administration's proposed FY 2024 budget. For example, Biden has used the PDA 29 times since Russia invaded, according to the Committee for a Responsible Federal Budget. 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. Bryant Harris. Powered and implemented by FactSet Digital Solutions. 'America cant afford to keep on writing checks. 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 . Surrounded by soldiers the Ukrainian President Volodymyr Zelenskyy attends a national flag-raising ceremony in the freed Izium, Ukraine, Wednesday, Sept. 14, 2022. 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. 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. HOUSE PASSES $40 BILLION UKRAINIAN AID PACKAGE. 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. You've successfully subscribed to this newsletter! The package that passed 86-11 will give Ukraine another round of military and humanitarian assistance as the war with Russia drags on. 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 . 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. 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. Fox News' Marisa Schultz, Lawrence Richard and The Associated Press contributed to this report. However, it is just as true that the $40 billion proposal is fiscally irresponsible and the epitome of everything that is wrong with how . articles a month for anyone to read, even non-subscribers! Coronavirus. '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.'. 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 . 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. 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. 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. "To do that, we've got to get in the right posture in the Indo-Pacific, which we're not currently. Senate Minority Leader Mitch McConnell, R-Ky., traveled to Ukraine over the weekend and met with President Volodmyr Zelenskyy. Paul was likely to lose that vote and rejected the offer. 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. 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 . 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. Final passage is not in doubt. 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. 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. 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 . 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. Critics have argued that the federal government may not be the best judge of winners and losers. The bill passed the House last week despite "no" votes from 57 Republican congressmen. Congressional Democrats are reportedly moving to hold a House vote as soon as Tuesday on a nearly $40 billion aid package for Ukraine that would delink assistance to the war-torn nation from. 2022 CBS Interactive Inc. All Rights Reserved. A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well. "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. Ukrainian President Volodymyr Zelenskyy and Senate Minority Leader Mitch McConnell, R-Ky., pose for a photo in Kyiv, Ukraine, on Saturday, May 14. 'This is shown, for example, by the vast amount of funds that EU governments mobilized to cushion the energy price shock at home. The bill now awaits a vote in the Senate, where it is widely expected to pass with . $13.6 billion for aid to Ukraine . 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. With these decisions ahead, it is worth reviewing how much aid there has been, what that . The bill provides appropriations to several federal departments and agencies, including the Department of Justice, the Department of Defense, the Nuclear Regulatory Commission, Speed it up, Democratic Senator Dick Durbin said after Markarova spoke. 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. 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. Paul stood in objection to the effort supported by both. Rand Paul stalls Senate passage of $40 billion in Ukraine aid Updated on: May 13, 2022 / 9:11 AM / CBS/AP Kentucky Republican Sen. Rand Paul defied leaders of both parties Thursday and. 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. "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. ', 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. That helped create a car shortage and raise the price of cars, stoking inflation. Market data provided by Factset. Democrats and McConnell opposed Paul's push and offered to have a vote on his language. Union rep: Employees reporting illness after working on cleanup for East Senate sends bill nullifying Biden's ESG investing rule to president's desk. The comments below have not been moderated. 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. "We cannot save Ukraine by dooming the U.S. ), who earlier this month called for the U.S. to prioritize sending arms to defend itself against China over helping Ukraine beat back Russia. 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. 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 program also includes some ambitious and unusual requirements aimed at benefiting the people who will staff semiconductor facilities. 2023 FOX News Network, LLC. Thwarting this ambition by supporting Ukraine makes sense. 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. 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! If the administration gets it wrong, it could face intense criticism. 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. 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. "Helping Ukraine is not an instance of mere philanthropy," McConnell said. 2 Samsung is growing in Texas. 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". 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. Reflecting international concerns prompted by the assault, Finland's leaders announced their support for joining NATO and Sweden seemed not far behind. 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. 'Time is not on our side the longer the war lasts, the harder it will be for Western allies to stay united, and the more likely the Chinese Communist Party will be emboldened by an inconclusive stalemate to launch its own war of aggression against Taiwan.'. "Aid for Ukraine. 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. Sen.. economy.". Greg Nash/Pool via AP, File. 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.. 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. 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. Anyone can read what you share. This includes the $6 billion in direct security. 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. George Soros HonFBA (born Gyrgy Schwartz, August 12, 1930) is a Hungarian-American businessman and philanthropist. $46.6 billion is in military assistance such as tanks, missiles and drones. 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. 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. I applaud the Congress for sending a clearbipartisanmessage to the world that the people of theUnited Statesstand together with the brave people of Ukraine as they defend their democracy and freedom, Biden said in a statement following the vote. Stories from Ukraine Biden's approval rating has hit a new low 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. This documentary-style series follows investigative journalists as they uncover the truth. 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.. 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. 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? The same day, the U.S. House of Representatives approved more than $40 billion in military and humanitarian aid for Ukraine. 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. Companies can also apply for a tax credit reimbursing them for 25 percent of project construction. 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. Farm Heroes Saga, the #4 Game on iTunes. . The bipartisan backing for Ukraine has been partly driven by accounts of Russian atrocities against Ukrainian civilians that have been impossible to ignore. The United States manufactures 12 percent of chips, though none of the worlds most advanced. / CBS/AP. 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 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. Thats nationalism. 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. Do not sell or share my personal information. or redistributed. The measure includes $6 billion for Ukraine for intelligence, equipment and training for its forces, plus $4 billion in financing to help Kyiv and NATO allies build up their militaries. 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. 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 . 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'Doesn't look good': Hunter Biden reportedly raked in $11M 11-year-old reads aloud from 'pornographic' book he checked out from library at school board meeting, Chicago's top cop quits one day after woke mayor lost re-election bid, Influencer refuses to switch business class seats so family can sit together, RHOA star Drew Sidora accuses ex Ralph Pittman of cheating, mental abuse, Original Gone With The Wind script reveals secret war over slavery, cut scenes, Drake regrets disrupting someones life by name-dropping exes in his songs, Good luck 'worming' your way out of this one, Sunny Hostin Points Finger at China for COVID Crisis: Did Not Cooperate With the International Community, 'Disgraceful' Meghan, Harry 'provoked' King Charles to evict them: royal expert. 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. 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. Covering Phoenix, Mesa, Glendale, Scottsdale, Gilbert, the valley . Biden had asked for $5 billion. The . Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. 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. TSMC, which produces most of the worlds leading-edge chips, has been busy expanding in Arizona, while No. 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 Associated Press contributed to this report. 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. Looks ahead months rather than weeks chips Act is about More than $ 40 billion in direct.! By both not far behind since Russia invaded, according to the effort supported by both to the for. `` no '' votes from 57 Republican congressmen been, What that on Thursday, the valley and the! A car shortage and raise the price of cars, stoking inflation assistance such as tanks, missiles and.... 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Minority Leader Mitch McConnell, R-Ky., traveled to Ukraine over the weekend and met with Volodmyr...
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