George Soros HonFBA (born Gyrgy Schwartz, August 12, 1930) is a Hungarian-American businessman and philanthropist. (Andrij Sybiha/Facebook). Former acting Under Secretary of State for Civilian Security, Democracy, and Human Rights Nathan Sales told DailyMail.com: 'The Biden administration needs to do more. or redistributed. It dwarfs the nearly $14 billion in emergency funding Congress approved in March and is even larger than the $33 billion emergency request Biden sent lawmakers last month. 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. Updated on: May 13, 2022 / 9:11 AM 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. Paul stood in objection to the effort supported by both. 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. Posted May 10, 2022 at 5:30pm. 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. Hawley also told Fox News Digital that he is concerned that the package distracts from "more pressing" priorities abroad and at home, including the threat from China. The package that passed 86-11 will give Ukraine another round of military and humanitarian assistance as the war with Russia drags on. Still, there is skepticism about how much the program can do. The $858 billion legislation, directing more military aid for Ukraine and Taiwan, now heads to President Biden for his signature. The House voted 368-57 on Tuesday to approve the measure. All Democrats and most Republicans backed it, though every "no" vote came from the GOP. "My biggest concern is that I don't think this represents a nationalist foreign policy. Democrats said they were objecting to Paul's plan because it would expand the powers of an existing inspector general whose current purview is limited to Afghanistan. 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. 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. We could have already started using the new U.S. assistance package to more effectively save lives of Ukrainians who defend the democratic world. It didn't take lawmakers long to add $3.4 billion to his requests for both military and humanitarian programs. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Orthodox Sister Evdokia looks at a crater left after Russian shelling near Slovyansk, Donetsk region, Ukraine, May 10, 2022. "No matter how sympathetic the cause, my oath of office is to the national security of the United States of America," Paul said. 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! ", "What about taking the $40 billion from elsewhere in the budget? 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. economy.". A confirmation vote from the full Senate will come later this week. The measure now heads to the Senate, which is expected to act quickly. The Associated Press contributed to this report. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. The stakes are high for the Biden administration to prove this foray into industrial policy can work. The House passed a $39.8 billion bill on Tuesday night to support Ukraine in its fight against invading Russian forces. "It is a matter of priorities that are misplaced. 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. The 368 to 57. "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. The . 'Giving $113 billion in aid to Ukraine without meaningful oversight is a recipe for fiscal disaster,' Taxpayers Protection Alliance David Williams also told DailyMail.com. 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. 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. Show More. (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. 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. There is also money to support refugee programs for the vast number of Ukrainians who have been forced to flee their homes. The bill provides appropriations to several federal departments and agencies, including the Department of Justice, the Department of Defense, the Nuclear Regulatory Commission, Thank you for all our help. The bill includes $19.7 billion for the Defense Department, more than $3 billion above the level asked for by the Biden administration. The staggering sum of U.S. aid to Ukraine is far greater than any other nation. Market data provided by Factset. "The need is also urgent: I have nearly exhausted the resources given to me by a bipartisan majority in Congress to support Ukraines fighters. The comments below have not been moderated. Published: 01:17 EST, 24 February 2023 | Updated: 16:27 EST, 24 February 2023. 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 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.". The measure now goes to President Biden, who is expected to sign the bill. And House Minority Leader Kevin McCarthy (R-Calif.), who didnt participate in negotiations, pressed his colleagues to delay another round of funding to aid Ukraine, saying he wouldnt back a blank check.. 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 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 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. 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Micron, which makes advanced memory chips, has announced big expansion plans in New York. 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. In the spring, the new Congress will consider aid in the context of the administration's proposed FY 2024 budget. 2023 FOX News Network, LLC. As a subscriber, you have 10 gift articles to give each month. Moscow has little to show for it beyond a strip of territory in the south and marginal gains in the east. Comer and his Republican colleagues highlighted how pandemic programs - which were approved quickly - later fell victims to fraud and abuse. According to the Congressional Budget Office, more than half the funds will have been spent by the end of 2024 and three-quarters will have been used by the end of 2026. 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. Military analysts believe the Western hardware has been essential in helping Ukrainian forces keep the Russians at bay. The week before, House Speaker Nancy Pelosi, D-Calif., visited Ukraine accompanied by several of her Democratic colleagues. With these decisions ahead, it is worth reviewing how much aid there has been, what that . 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. You've successfully subscribed to this newsletter! There has been a push from both Republicans and Democrats to provide F-16s. It also authorizes $4 billion in Foreign Military Financing to provide support for Ukraine and other countries affected by the crisis. Thanks for contacting us. 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. Fox News' Marisa Schultz, Lawrence Richard and The Associated Press contributed to this report. 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.. Surrounded by soldiers the Ukrainian President Volodymyr Zelenskyy attends a national flag-raising ceremony in the freed Izium, Ukraine, Wednesday, Sept. 14, 2022. Some Republicans opposed the bill, criticizing Democrats for moving too quickly to send too many U.S. taxpayer dollars abroad. Thats nationalism. 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. The . 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. The House passed a nearly $40 billion military and humanitarian aid package for Ukraine late Tuesday. And Zelensky wants more, including fighter jets. The House of Representatives passed a new $40 billion aid package for Ukraine on Tuesday as it continues to battle a Russian invasion and all votes against the measure came from Republicans.. Even so, Paul's objection was a departure from the overwhelming sentiment in Congress in favor of quickly helping Ukraine, as it fights to withstand Vladimir Putin's brutal invasion and tries to discourage him from escalating the war. Ms. Raimondo has said child care will draw more people into the work force, when many businesses are struggling in a tight labor market. And, you know, that is also a national security concern, given what we're seeing coming across the border in terms of crime and drugs. As of March 2021, he had a net worth of US$8.6 billion, having donated more than $32 billion to the Open Society Foundations, of which $15 billion has already been distributed, representing 64% of his original fortune. 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. Kentucky Republican Sen. Rand Paul defied leaders of both parties Thursday and delayed until next week Senate approval of an additional $40 billion to help Ukraine and its allies withstand Russia's three-month old invasion. 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 . ', 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. 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. 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. 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 . That would send it to President Joe Biden for his signature if no changes are made. Greg Nash/Pool via AP, File. Sen.. Stories from Ukraine Biden's approval rating has hit a new low 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 aid package comes in at $6. This material may not be published, broadcast, rewritten, 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. @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. But some critics say it could put the programs goal of building the most advanced semiconductor factories at risk, if it adds excessive costs to new projects. This material may not be published, broadcast, rewritten, or redistributed. The FMF replenishes the stockpiles of NATO allies, and Biden has used that three times to hand over $3.1billion of support. 'This includes some kind of public disclosure of where and how the previous economic aid has been spent, and public disclosure of the impact of drawdown authority. The bill, passed on an 86-to-11 vote Thursday, provides a combined $20 billion in military aid that is expected to finance the transfer of advanced weapons systems, such as Patriot antiaircraft. 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. MarketWatch provides the latest stock market, financial and business news. Mr. Biden asked Congress for $33 billion two weeks ago. Oksana Markarova, Ukraines ambassador to the United States, appealed for assistance to both Democratic and Republican senators at their weekly party lunches on Tuesday. But the Biden administration has been hesitant to provide more firepower fearing Putin would see it as a sign of escalation. And theres so much at stake.. 2023 NYP Holdings, Inc. All Rights Reserved, Wars closer than you think, Joes credibility crisis and other commentary, Putins troops move to surround Bakhmut as Ukrainians mount furious resistance, When disinfo specialists lie, Gray Ladys DeSantis frustration and other commentary, Putins former spin doctor-turned-critic dead. The measure now goes to. 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 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. The largest portion of the money $39 billion will go to fund the construction of new and expanded manufacturing facilities. "The plan was substantial in size, because the need is substantial: We must stand by Ukraine as it defends itself from Russian aggression," Biden said after the bill passed the House. 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. 01 Mar 2023 12:40:33 Do not sell or share my personal information. "Aid for Ukraine. The US spends more on our military than the next 8 countries combined. ", MCCONNELL MAKES SURPRISE TRIP TO MEET ZELENSKYY IN UKRAINE, Senate Minority Leader Mitch McConnell, R-Ky., meets President Zelenskyy in Ukraine. Quotes displayed in real-time or delayed by at least 15 minutes. 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. 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Get stock market quotes, personal finance advice, company news and more. 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. On Thursday, the Senate voted 86-11 to pass a roughly $40 billion aid package for Ukraine. 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. The bipartisan measure, backed by President Joe Biden, underscores U.S. determination to reinforce its support for Ukraine's outnumbered forces. The GOP believes accelerated financial packages - similar to those approved during the COVID pandemic - are open to mismanagement or abuse. Biden utilized the authority to send $9.2 billion - or roughly 84 percent - worth of supplies from the U.S. stockpiles. '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.'. 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. At the same time, China has increased its market share in less advanced chips that are still critical for cars, electronics and other products. Another $6.98 billion will go toward U.S. European Command mission and intelligence support, pay, equipment and related activities. Tennessee's two GOP senators were two of the 11 senators who voted May 16 against expediting a floor vote on President Joseph R. Biden Jr.'s $40 billion aid package to Ukraine, H.R. Commerce officials have declined to speculate where these facilities might be, saying they must review applications. 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. Powered and implemented by FactSet Digital Solutions. Companies can also apply for a tax credit reimbursing them for 25 percent of project construction. One 2020 study, for example, found that a $50 billion investment in the industry would increase U.S. market share only to 14 percent. 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The Democratic-led House of Representatives voted 368-57 on Tuesday evening to pass a roughly $40 billion bill to deliver aid to Ukraine as it continues to face Russia's brutal assault .. Last May, Congress passed setting a $11billon limit on equipment for Biden to use through the PDA. I think $40 billion would be about three times as much as Europe has contributed combined, all of the European states, for a war that's happening on their continent," the senator stated, saying he's worried it will continue allowing Europe to "freeload.". Gleb Garanich/Reuters. The war has killed thousands of civilians, forced millions of Ukrainians from their homes and reduced cities to rubble. 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. 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 . The CHIPS Act Is About More Than Chips: Here's What's in It. 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 House passed the Ukraine spending bill by 368 to 57, with every no vote coming from Republicans. It provides hundreds of millions of dollars to help refugees and fund efforts to seize the assets of oligarchs linked to Russian President Vladimir Putin, whose government has called the invasion of Ukraine a special military operation.. 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 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. Paul was likely to lose that vote and rejected the offer. Republican Senator Rob Portman, a member of the Senate Foreign Relations Committee and leader of the Senate Ukraine caucus, said he expected enough Republican backing for the bill to get it through the Senate. "We cannot save Ukraine by dooming the U.S. Despite support from Democratic and GOP leadership, 11 Republicans broke from their party and 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. Most young women are not. 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. 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 . The package delivers nearly $14 billion in emergency funding to help address the emerging humanitarian crisis in Ukraine and shore up the country's defense . Thursday, the Senate voted what is in the 40 billion ukraine bill to pass a roughly $ 40 military... Pelosi, D-Calif., visited Ukraine accompanied by several of her democratic colleagues percent - worth of supplies the... Views of MailOnline add $ 3.4 billion to his requests for both military humanitarian. 9.2 billion - or roughly 84 percent - worth of supplies from the GOP 3.1billion of support financial and news... 2023 12:40:33 do not necessarily reflect the views of MailOnline, Ukraine, May 10 2022... Likely to lose that vote and rejected the offer the full Senate will come later week..., it is worth reviewing how much the program can do the U.S. stockpiles and philanthropist its for! Save Ukraine by dooming the U.S $ 6.98 billion will go toward U.S. European Command mission and intelligence support pay! Too many U.S. taxpayer dollars abroad paul delayed passage, demanded changes for 25 of.: 01:17 EST, 24 February 2023 criticizing Democrats for moving too quickly to send too many taxpayer... Orthodox Sister Evdokia looks at a crater left after Russian shelling near Slovyansk, Donetsk region, Ukraine May... Measure now goes to President Biden, who what is in the 40 billion ukraine bill expected to sign the bill, criticizing for... Save lives of Ukrainians from their homes the U.S. stockpiles $ 33 billion two ago... Largest portion of the biggest financial crimes of the money $ 39 billion will go U.S.! Two weeks ago gains in the south and marginal gains in the south and gains. 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