what is in the 40 billion ukraine bill

'The Americans are setting the pace in supporting Ukraine,'Christoph Trebesch, the head of the Ukraine Support Tracker team at the Kiel Institute said. The bill, approved in a 368-57 vote, provides myriad support to. The staggering sum of U.S. aid to Ukraine is far greater than any other nation. "I would say that we agree oversight is critical," Psaki replied. Bloomberg Daybreak Middle East. 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 Europeans' hesitancy in the first year of the war is a remarkable phenomenon, especially since financial resources can be quickly mobilized,' he added. / CBS/AP. (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. All rights reserved. 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 Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. The House on Tuesday night passed a $40 billion military and humanitarian aid package for Ukraine in an overwhelming 368 to 57 vote, weeks after lawmakers overwhelmingly approved $13.6. 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. 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. But they have also promised 'robust' oversight to protect American taxpayers while making sure weapons make an impact on the battlefield. In the spring, the new Congress will consider aid in the context of the administration's proposed FY 2024 budget. There will be significant Republican support, he said. 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. economy.". "The need is also urgent: I have nearly exhausted the resources given to me by a bipartisan majority in Congress to support Ukraines fighters. "They're only asking for the resources they need to defend themselves against this deranged invasion," McConnell said of the Ukrainians. 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. A $40 billion Ukraine aid package passed the Senate on Tuesday with relative ease despite opposition from 11 Republicans. 'When will politicians and bureaucrats learn that you just cant hand out money and expect it to go the right people and places? Published May 23, 2022 Congress has approved $40 billion in aid for Ukraine and other countries affected by the conflictthe sixth aid package since the war began. 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 . Biden administration officials have said they expect the latest aid measure to last through September. Market data provided by Factset. Legal Statement. 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. On Thursday, the Senate voted 86-11 to pass a roughly $40 billion aid package for Ukraine. Final passage is not in doubt. 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. 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. 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. Comer and his Republican colleagues highlighted how pandemic programs - which were approved quickly - later fell victims to fraud and abuse. 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.'. "Helping Ukraine is not an instance of mere philanthropy," McConnell said. 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. 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. 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. It must help Ukraine win, not just fight to a draw. This bill provides $40.1 billion in FY2022 emergency supplemental appropriations for activities to respond to Russia's invasion of Ukraine. Commerce officials have declined to speculate where these facilities might be, saying they must review applications. "We have preliminary results, we will have certain losses declared, if I am not mistaken, within UAH 40 billion," he said . Already 40 percent of the members of the Glastuinbouw Nederland group are operating at a loss, due to excessive energy costs. The . 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. The bill, which includes military, economic and humanitarian assistance to. 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. 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Josh Hawley, R-Mo., is warning that a measure by Congress to give Ukraine $40 billion additional funding in its war against Russia is evidence of the Biden administration's "misplaced priorities" and will be detrimental to the security of the U.S. 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. The bill also includes a pay raise for American troops and civilian federal employees. 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". The week before, House Speaker Nancy Pelosi, D-Calif., visited Ukraine accompanied by several of her Democratic colleagues. This material may not be published, broadcast, rewritten, or redistributed. However, it is just as true that the $40 billion proposal is fiscally irresponsible and the epitome of everything that is wrong with how . But lawmakers . 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. The House voted 368-57 on Tuesday to approve the measure. 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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. 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. Biden utilized the authority to send $9.2 billion - or roughly 84 percent - worth of supplies from the U.S. stockpiles. 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. 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. Gleb Garanich/Reuters. The Commerce Department has $50 billion to hand out in the form of direct funding, federal loans and loan guarantees. The measure now heads to the Senate, which is expected to act quickly. Most young women are not. "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 . $46.6 billion is in military assistance such as tanks, missiles and drones. Last week, Sen. Rand Paul, R-Ky., blocked a measure that would have fast tracked the legislation to the Senate floor, and since then, other GOP senators have come out in opposition to the legislation saying its direction is muddled and would require additional oversight. 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. Moscow has little to show for it beyond a strip of territory in the south and marginal gains in the east. Thwarting this ambition by supporting Ukraine makes sense. The $858 billion legislation, directing more military aid for Ukraine and Taiwan, now heads to President Biden for his signature. 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 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. While the United States is still a leader in designing chips, most manufacturing has been sent offshore. Copyright 2023 CBS Interactive Inc. All rights reserved. The . "It is a matter of priorities that are misplaced. articles a month for anyone to read, even non-subscribers! 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. This documentary-style series follows investigative journalists as they uncover the truth. washington 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. 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. (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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