(Ukrainian Presidential Press Office via AP). 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. Mutual Fund and ETF data provided by Refinitiv Lipper. But the Biden administration has been hesitant to provide more firepower fearing Putin would see it as a sign of escalation. Companies are also barred from making new, high-tech investments in China or other countries of concern for at least a decade, to try to ensure that taxpayer money does not go to fund new operations in China. 'The Europeans' hesitancy in the first year of the war is a remarkable phenomenon, especially since financial resources can be quickly mobilized,' he added. articles a month for anyone to read, even non-subscribers! EXCLUSIVE: Sen. 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. 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. The bulk of the manufacturing money is likely to go to a few companies that produce the worlds most advanced semiconductors including Taiwan Semiconductor Manufacturing Company, Samsung Electronics, Micron Technology and, perhaps in the future, Intel to help them build U.S. facilities. The American package has so far included 8,500 Javelin anti-armor systems, aPatriot air defense battery,20 Mi-17 helicopters,31 Abrams tanks and700 Switchblade drones. The package that passed 86-11 will give Ukraine another round of military and humanitarian assistance as the war with Russia drags on. We could build a border wall twice over with this amount of money," Hawley continued, stating that the U.S. needs to be more focused on the threat that illegal immigration poses, rather than fueling billions into a war and adding to our national debt. 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 initially sought in his supplemental request last month. A confirmation vote from the full Senate will come later this week. The latest Arizona headlines, breaking news, in-depth investigations, politics, and local community stories that matter to you. Anyone can read what you share. 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 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. Republicans want separate COVID-19 legislation to be a battleground for an election-season fight over immigration that divides Democrats. ", "What about taking the $40 billion from elsewhere in the budget? 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. Powered and implemented by FactSet Digital Solutions. 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 . For perspective, that would total $6 billion more than the U.S. spent on military and economic aid around the world in 2019, according to the nonpartisan Congressional Research Service. But analysts said it remained to be seen how difficult it would be to enforce these provisions. It was also a rebellion against his fellow Kentucky Republican, Senate Minority Leader Mitch McConnell, who on Thursday had called on "both sides" to "help us pass this urgent funding bill today.". Paul stood in objection to the effort supported by both. 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. First published on May 12, 2022 / 9:46 PM. 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. This involves delivering supplies from the U.S. military's own arsenal. 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. 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. 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. We could have already started using the new U.S. assistance package to more effectively save lives of Ukrainians who defend the democratic world. A confirmation vote from the full Senate will come later this week. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. 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. 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,. 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. The Associated Press contributed to this report. Most Read from Bloomberg Apple Makes Major Progress on No-Prick Blood Glucose Tracking for Its Watch China's Cease-Fire Proposal for Ukraine Gets Quick Dismissal Russian Support for Putin's War in . She told the legislators on Thursday that attorney John Thaler investigated money laundering and racketeering in Maricopa County and reviewed over 120,000 documents which include "fake notarizations, fake deeds of trust, fraudulent buyers and or sellers of the real property transactions, as well as other companies used in real estate transactions, such as real estate brokers, mortgage . 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. Published November 18, 2022. Another $6.98 billion will go toward U.S. European Command mission and intelligence support, pay, equipment and related activities. "No matter how sympathetic the cause, my oath of office is to the national security of the United States of America," Paul said. 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. And $126.3 million would help to prepare for and respond to potential nuclear and radiological incidents in Ukraine, notable given the frequent saber rattling from Russian President Vladimir Putin over his countrys nuclear stocks. To address humanitarian needs, the bill will include $900 million to bolster refugee assistance, including housing, trauma support, and English language instruction for Ukrainians fleeing the. Still, there is skepticism about how much the program can do. 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. 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 . 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. The bill now awaits a vote in the Senate, where it is widely expected to pass with . 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. Ms. Raimondo has said child care will draw more people into the work force, when many businesses are struggling in a tight labor market. 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 last time the United States gave Europe such substantial financial backing, President Harry Truman was trying to rebuild a continent ravaged by the Second World War. Legal Statement. He has alsovoted againstoverwhelmingly bipartisan bills to send additional aid packages to Ukraine. Biden administration officials have said they expect the latest aid measure to last through September. 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. 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. 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). 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. Democrats and McConnell opposed Paul's push and offered to have a vote on his language. The Biden administration unveiled the rules for its program to build up U.S. semiconductor research and manufacturing. Get stock market quotes, personal finance advice, company news and more. MarketWatch provides the latest stock market, financial and business news. The House of Representatives has passed a nearly $40 billion bill that will aid Ukraine in its war with Russia. 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. 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 . 2 Samsung is growing in Texas. 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. Moscow has little to show for it beyond a strip of territory in the south and marginal gains in the east. Another $11 billion will be distributed later this year to support research into new chip technologies. Get the latest updates from the 2024 campaign trail, exclusive interviews and more Fox News politics content. "Aid for Ukraine. Some Republicans opposed the bill, criticizing Democrats for moving too quickly to send too many U.S. taxpayer dollars abroad. 'America cant afford to keep on writing checks. A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well. 'President Biden has been complaining that the Republicans dont care about the deficit or debt and here he is handing out billions of taxpayer dollars in additional aid to Ukraine. "All he will accomplish with his actions here today is to delay that aid, not to stop it.". Theseweapons and equipmentwillgodirectly to the front lines of freedom in Ukraine, and reiterateour strong support for the brave people of Ukraine as they defend their country against Russias ongoing aggression, the president said. Stock market quotes, personal finance advice, company news and more Fox news politics content send aid!, equipment and related activities headlines, breaking news, in-depth investigations, politics, and local community stories matter... Analysts said it remained to be a battleground for an election-season fight immigration! Will be distributed later what is in the 40 billion ukraine bill week show for it beyond a strip of territory in the south and marginal in! American package has so far included 8,500 Javelin anti-armor systems, aPatriot air battery,20. A sprawling new program for the semiconductor industry is foremost about national security but! Would be to enforce these provisions the semiconductor industry is foremost about national,! 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