what is in the 40 billion ukraine bill

Reflecting international concerns prompted by the assault, Finland's leaders announced their support for joining NATO and Sweden seemed not far behind. The House of Representatives has passed a nearly $40 billion bill that will aid Ukraine in its war with Russia. 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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. Republicans want separate COVID-19 legislation to be a battleground for an election-season fight over immigration that divides Democrats. Legal Statement. MarketWatch provides the latest stock market, financial and business news. 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. Tuesday morning on The Tennessee Star Report, host Leahy welcomed U.S. We've got to get serious about getting tough on China's trade cheating, which this administration is not. The legislation has been approved overwhelmingly by the House and has strong bipartisan support in the Senate. 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Last May, Congress passed setting a $11billon limit on equipment for Biden to use through the PDA. Final passage is not in doubt. The . Ukraine. Couldnt Congress simply shift over the $40 billion and not add it to the debt? The GOP believes accelerated financial packages - similar to those approved during the COVID pandemic - are open to mismanagement or abuse. 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 CHIPS Act Is About More Than Chips: Heres Whats in It, https://www.nytimes.com/2023/02/28/business/economy/chips-act-childcare.html. Sen.. 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. The U.S. House passed legislation Tuesday night that would provide $40 billion in new aid to Ukraine as the Biden administration looks to step up U.S. support for Kyiv in its war against. 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. 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. Market data provided by Factset. Final passage of military, food aid bill expected this week, Kentucky Senator Paul delayed passage, demanded changes. The package that passed 86-11 will give Ukraine another round of military and humanitarian assistance as the war with Russia drags on. "I would say that we agree oversight is critical," Psaki replied. GOP investigators have said they will keep an eye on where the money is going, while a faction of the party has called for aid to be drastically reduced. It must help Ukraine win, not just fight to a draw. We are no longer accepting comments on this article. 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. 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 latest bill, when added to the $13.6 billion Congress approved in March, would push American aid to the region well above $50 billion. That would deny Mr. Biden the chance past presidents have had to make an appointment to the post, they said. Another $11 billion will be distributed later this year to support research into new chip technologies. And Intel, a U.S. technology giant that is investing heavily to try to capture a technological edge, has broken ground on a megasite in Ohio. (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. The Associated Press contributed to this report. Companies can also apply for a tax credit reimbursing them for 25 percent of project construction. Do not sell or share my personal information. George Soros HonFBA (born Gyrgy Schwartz, August 12, 1930) is a Hungarian-American businessman and philanthropist. "And they need this help right now.". It also authorizes $4 billion in Foreign Military Financing to provide support for Ukraine and other countries affected by the crisis. 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. 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. 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. Biden's funding bill for Ukraine includes over $20 billion in weapons and security assistance for Ukraine, $6 billion for the Ukraine Security Assistance Initiative, and $4 billion for the State Departments Foreign Military Financing program. "No matter how sympathetic the cause, my oath of office is to the national security of the United States of America," Paul said. 2023 FOX News Network, LLC. The bill also includes a pay raise for American troops and civilian federal employees. The House passed a $39.8 billion bill on Tuesday night to support Ukraine in its fight against invading Russian forces. Bloomberg Daybreak Middle East. 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 . economy.". U.S. aid to Ukraine totals $68 billion, and the White House has just asked Congress for another $37.7 billion. @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. 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. He was joined by John Barrasso of Wyoming, Susan Collins of Maine and John Cornyn of Texas. And a Car. 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 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. Copyright 2023 CBS Interactive Inc. All rights reserved. While the United States is still a leader in designing chips, most manufacturing has been sent offshore. The rest of the United States' financial assistance covers funds for humanitarian and financial aid such as food, safe drinking water and medical supplies. Micron, which makes advanced memory chips, has announced big expansion plans in New York. The largest portion of the money $39 billion will go to fund the construction of new and expanded manufacturing facilities. Quotes displayed in real-time or delayed by at least 15 minutes. Critics have argued that the federal government may not be the best judge of winners and losers. 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. $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 Get the latest updates from the 2024 campaign trail, exclusive interviews and more Fox News politics content. "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. 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.. Hawley also remarked to Fox News Digital that there are "no meaningful restraints or oversight" on the bill, which could cause many issues, he explained. 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. "They're only asking for the resources they need to defend themselves against this deranged invasion," McConnell said of the Ukrainians. Paul pointed out that if the Senate approves the spending, the U.S. will have authorized $60 billion in total spending for Ukraine. Company finances can be opaque, and when a company saves a dollar in the United States, it may then choose to invest it elsewhere. U.S. Sen. Rand Paul blocked the Senate from passing a $40 billion aid package for Ukraine this week, derailing a plan to fast-track legislation his fellow Kentuckian, Senate Minority Leader . Other provisions will encourage companies, universities and other parties to offer more training for workers, both in advanced sciences and in skills like welding. 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. ', Ukrainian servicemen of the 3rd Separate Tank Iron Brigde take part in an exercise in the Kharkiv area on 23 February 2023, the day before the one year mark since the war began, Russian President Vladimir Putin lays flowers at a memorial to the Hero Cities of the Great Patriotic War against Nazi Germany, by the Kremlin Wall on the Defender of the Fatherland Day in Moscow, Russia, February 23. 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what is in the 40 billion ukraine bill