The Associated Press contributed to this report. 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 United States manufactures 12 percent of chips, though none of the worlds most advanced. 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. A $40 billion Ukraine aid package passed the Senate on Tuesday with relative ease despite opposition from 11 Republicans. The US spends more on our military than the next 8 countries combined. 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 . Bryant Harris. Already 40 percent of the members of the Glastuinbouw Nederland group are operating at a loss, due to excessive energy costs. 2023 FOX News Network, LLC. A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well. "They're only asking for the resources they need to defend themselves against this deranged invasion," McConnell said of the Ukrainians. 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. The US Senate passed a bill on Thursday providing $40 billion in military aid and economic support to Ukraine, sending it to President Joe Biden's desk after the House approved the package last week. Paul was likely to lose that vote and rejected the offer. THE HILL 1625 K STREET, NW SUITE 900 WASHINGTON DC 20006 | 202-628-8500 TEL | 202-628-8503 FAX. 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.. At the same time, China has increased its market share in less advanced chips that are still critical for cars, electronics and other products. 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. But the Biden administration has been hesitant to provide more firepower fearing Putin would see it as a sign of escalation. And Zelensky wants more, including fighter jets. Tuesday morning on The Tennessee Star Report, host Leahy welcomed U.S. 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. Commerce officials have declined to speculate where these facilities might be, saying they must review applications. 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. Thats not isolationism. The aid package comes in at $6. "I'm concerned that it shortchanges priorities here at home. 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 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.'. (Andrij Sybiha/Facebook). The bipartisan backing for Ukraine has been partly driven by accounts of Russian atrocities against Ukrainian civilians that have been impossible to ignore. 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. The week before, House Speaker Nancy Pelosi, D-Calif., visited Ukraine accompanied by several of her Democratic colleagues. Play it now! Most young women are not. But they have also promised 'robust' oversight to protect American taxpayers while making sure weapons make an impact on the battlefield. 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. ', HOW AMERICANS ARE BEGINNING TO QUESTION THE AID BEING SENT TO UKRAINE - AND HOW SUPPORT FOR CONTINUED FUNDS IS DWINDLING, Biden announced $500 million more in assistance during his secret trip to Kyiv on Monday, and has shown no signs of stopping the money flowing until Ukraine achieves. Given the huge cost of building highly advanced semiconductor facilities, the funding could go fast, and competition for the money has been intense. Posted May 10, 2022 at 5:30pm. The bill also includes a pay raise for American troops and civilian federal employees. 'Additionally, the Biden administration must articulate a plan on what victory is, the American commitment to that victory, and the American financial commitment in a post-conflict reconstruction phase.'. 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 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 . economy.". 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. 'That means providing long range missiles, more tanks, fighter jets, and air defense systems. Greg Nash/Pool via AP, File. That would deny Mr. Biden the chance past presidents have had to make an appointment to the post, they said. 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. Some Republicans opposed the bill, criticizing Democrats for moving too quickly to send too many U.S. taxpayer dollars abroad. "Kyiv would become the largest yearly recipient of U.S. military aid over the past two decades," Paul said. $46.6 billion is in military assistance such as tanks, missiles and drones. Get the latest updates from the 2024 campaign trail, exclusive interviews and more Fox News politics content. Among the most vocal was Sen.Josh Hawley(R-Mo. 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. Mutual Fund and ETF data provided by Refinitiv Lipper. 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 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. Bloomberg Daybreak Middle East. Please. Republicans on the House Armed Services Committee have urged Biden to keep providing the lethal aid necessary for Ukraine to counter Putin's 'unprovoked' invasion. There is also money to support refugee programs for the vast number of Ukrainians who have been forced to flee their homes. It is one of the largest federal investments in a single industry in decades and highlights deepening concern in Washington about Americas dependence on foreign chips. 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. 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.. Congressional leaders struck a deal Monday to send $39.8 billion in military and humanitarian aid to Ukraine that could be taken up by the House as soon as Tuesday, Axios has learned. In addition to $6 billion for security assistance like training and weapons, the legislation includes $8.7 billion to replenish U.S. stocks of equipment sent to Ukraine . MarketWatch provides the latest stock market, financial and business news. Bidens fellow Democrats narrowly control Congress, but the bill will need Republican votes to get through the Senate. '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. A confirmation vote from the full Senate will come later this week. The program also includes some ambitious and unusual requirements aimed at benefiting the people who will staff semiconductor facilities. Musks TeslaMaster Plan Lacks Drive. Micron, which makes advanced memory chips, has announced big expansion plans in New York. Pictures were posted to Facebook on May 14, 2022, by Andrij Sybiha, a member of President Zelenskyys administration. Joe Biden had asked Congress to approve an additional $33bn in aid for Ukraine. Today, more than 90 percent of the most technologically advanced chips, which are critical for the U.S. military and the economy, are produced in Taiwan. Couldnt Congress simply shift over the $40 billion and not add it to the debt? The largest portion of the money $39 billion will go to fund the construction of new and expanded manufacturing facilities. ", Ukrainian President Volodymyr Zelenskyy and Senate Minority Leader Mitch McConnell, R-Ky., pose for a photo in Kyiv, Ukraine, on Saturday, May 14. WATCH: The US Senate voted on Monday to advance the $40 billion Ukraine aid bill. "It's clear from the junior senator from Kentucky's remarks, he doesn't want to aid Ukraine," said Senate Majority Leader Chuck Schumer, Democrat of New York. He has alsovoted againstoverwhelmingly bipartisan bills to send additional aid packages to Ukraine. 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. (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. Marjorie Taylor Greene: Isnt she amazing?, Union rep: Employees reporting illness after working on cleanup for East Palestine derailment, Biden urges Democrats to tout policy wins: Let the people know who did it for them, Pence disagrees with Haleys call for competency tests: The American people can sort that out, Judge says Starbucks committed egregious and widespread labor violations fighting unions, Washington applauds private-sector insulin cap, included in the year-end, must-pass omnibus bill, Greta Thunberg removed from site of Norwegian wind farm protest, House Foreign Affairs sets first hearing to review Afghanistan withdrawal, Iran can produce enough material for a nuclear bomb in 12 days: Pentagon, Lawmakers press Pentagon on who is tracking US weapons in Ukraine, McConnell opposes defense cuts, calls for substantial increase, Graham: Biden administration decision to withhold F-16s from Ukraine beyond disappointing, The Memo: Lightfoot is latest Democrat to fall to anger over crime, Why a DC crime bill is creating big problems for Democrats, Trump successfully chilled FBI from being willing to investigate anything related to him: Peter Strzok. THE $46 BILLION IN AID ON DRONES, TANKS AND MILITARY HARDWARE. 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.'. The bill includes $19.7 billion for the Defense Department, more than $3 billion above the level asked for by the Biden administration. "My biggest concern is that I don't think this represents a nationalist foreign policy. 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. 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.". "Aid for Ukraine. Powered and implemented by FactSet Digital Solutions. Paul stood in objection to the effort supported by both. Final passage of military, food aid bill expected this week, Kentucky Senator Paul delayed passage, demanded changes. 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. 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.
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