They need our help quickly. 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. (Ukrainian Presidential Press Office via AP). These four House Republicans broke with the GOP to oppose inflation estimates McCarthy, GOP pump brakes on release of Jan. 6 footage to Tucker Carlson. First published on May 12, 2022 / 9:46 PM. All Democrats and most Republicans backed it, though every "no" vote came from the GOP. Paul who had delayed the proposal to insist on language appointing a special inspector general to oversee the distribution of the money was one of 11 Republicans to vote against final passage, along with Marsha Blackburn of Tennessee, John Boozman of Arkansas, Mike Braun of Indiana, Mike Crapo of Idaho, Bill Hagerty of Tennessee, Josh Hawley of Missouri, Mike Lee of Utah, Cynthia Lummis of Wyoming, Roger Marshall of Kansas, and Tommy Tuberville of Alabama. The measure now heads to the Senate, which is expected to act quickly. On Thursday, Kentucky Sen. Rand Paul became the lone holdout against a bipartisan effort to approve $40 billion in aid to Ukraine. 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 . Greg Nash/Pool via AP, File. 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. 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. Democrats and McConnell opposed Paul's push and offered to have a vote on his language. 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. Biden utilized the authority to send $9.2 billion - or roughly 84 percent - worth of supplies from the U.S. stockpiles. $8.766 billion for the Economic Support Fund to respond to emergent needs in Ukraine, provide needed budget support to assist with Ukraine's continuity of government, and He was joined by John Barrasso of Wyoming, Susan Collins of Maine and John Cornyn of Texas. This involves delivering supplies from the U.S. military's own arsenal. "They're only asking for the resources they need to defend themselves against this deranged invasion," McConnell said of the Ukrainians. Mutual Fund and ETF data provided by Refinitiv Lipper. There is also money to support refugee programs for the vast number of Ukrainians who have been forced to flee their homes. Published November 18, 2022. 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 . A confirmation vote from the full Senate will come later this week. U.S. Crime; 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). 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. 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. This bill provides $40.1 billion in FY2022 emergency supplemental appropriations for activities to respond to Russia's invasion of Ukraine. But chip makers have already announced billions of dollars in plans for new investments around the United States. 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. There has been a push from both Republicans and Democrats to provide F-16s. 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. Republicans want separate COVID-19 legislation to be a battleground for an election-season fight over immigration that divides Democrats. The Ukraine aid was attached to an omnibus $1.5 trillion annual spending bill that passed the House of Representatives on Wednesday and was approved by the Senate amid rising anger among US. (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. 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. But lawmakers . The US spends more on our military than the next 8 countries combined. "We cannot save Ukraine by dooming the U.S. The war has killed thousands of civilians, forced millions of Ukrainians from their homes and reduced cities to rubble. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. The Commerce Department has $50 billion to hand out in the form of direct funding, federal loans and loan guarantees. That would send it to President Joe Biden for his signature if no changes are made. A confirmation vote from the full Senate will come later this week. RT @ImMeme0: Just 4 days ago U.S. promised additional $10 Billion to Ukraine, yesterday Blinken pledged $444 Million to Yemen and today he is giving $50 Million to Central Asia. 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. Given the huge cost of building highly advanced semiconductor facilities, the funding could go fast, and competition for the money has been intense. Coronavirus. The Associated Press contributed to this report. Heres a look at the CHIPS and Science Act, what it aims to do and how it will work. 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. 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. $46.6 billion is in military assistance such as tanks, missiles and drones. If Biden is serious about avoiding a debt ceiling disaster, he needs to act like it and put away the taxpayers checkbook. 2022 CBS Interactive Inc. All Rights Reserved. Joe Biden had asked Congress to approve an additional $33bn in aid for Ukraine. "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 . 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. WATCH: The US Senate voted on Monday to advance the $40 billion Ukraine aid bill. The CHIPS Act Is About More Than Chips: Here's What's in It. 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. ", "What about taking the $40 billion from elsewhere in the budget? He has alsovoted againstoverwhelmingly bipartisan bills to send additional aid packages to Ukraine. Among the most vocal was Sen.Josh Hawley(R-Mo. Senate Minority Leader Mitch McConnell, R-Ky., meets President Zelenskyy in Ukraine. The legislation has been approved overwhelmingly by the House and has strong bipartisan support in the Senate. 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. (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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What Could Elon Musk Possibly Be Thinking? Judge says Starbucks committed egregious and widespread labor violations Senate group wades into tough talks on Social Security, Fight in high school classroom leaves one dead, one injured, Zero-calorie sweetener popular in keto diets linked to strokes, heart attacks. It didn't take lawmakers long to add $3.4 billion to his requests for both military and humanitarian programs. Reflecting international concerns prompted by the assault, Finland's leaders announced their support for joining NATO and Sweden seemed not far behind. 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 House passed the Ukraine spending bill by 368 to 57, with only Republicans voting against it. The staggering sum of U.S. aid to Ukraine is far greater than any other nation. 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. WASHINGTON, May 10 (Reuters) - 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. Chips for America will provide $11 billion for research into new chip technologies. 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 . "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. 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. Final passage of military, food aid bill expected this week, Kentucky Senator Paul delayed passage, demanded changes. This bill will protect democracy, limit Russian aggression, and strengthen our own national security, while, most importantly, supporting Ukraine, Democratic Representative Rosa DeLauro, who chairs the House Appropriations Committee, said as she urged support for the spending package. 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Other provisions will encourage companies, universities and other parties to offer more training for workers, both in advanced sciences and in skills like welding. Another $6.98 billion will go toward U.S. European Command mission and intelligence support, pay, equipment and related activities. articles a month for anyone to read, even non-subscribers! 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. Bryant Harris. 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 . Dooming the U.S seemed not far behind at the CHIPS act is about than! How it will work the full Senate will come later this week, Kentucky Sen. Rand became... 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