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. Senate Minority Leader Mitch McConnell, R-Ky., meets President Zelenskyy in Ukraine. Fox News' Marisa Schultz, Lawrence Richard and The Associated Press contributed to this report. If the defense of Ukraine is really in our national security interest, shouldnt their gift come from our military budget?". The Commerce Department says the program will also provide the Department of Defense and the national security community with a domestic source of the worlds most advanced chips. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. 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. 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. It also authorizes $4 billion in Foreign Military Financing to provide support for Ukraine and other countries affected by the crisis. The House passed the Ukraine spending bill by 368 to 57, with every no vote coming from Republicans. 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. Market data provided by Factset. Workers at Ford Motor factories in Michigan and Indiana worked a full week just three times last year because of a chips shortage, Ms. Raimondo said in a speech at Georgetown University last week. The measure now goes to President Biden, who is expected to sign the bill. Copyright 2023 CBS Interactive Inc. All rights reserved. The House on Tuesday night voted 368-57 to pass nearly $40 billion in additional military, economic and humanitarian aid to Ukraine to fight against Russia's invasion. $46.6 billion is in military assistance such as tanks, missiles and drones. Get browser notifications for breaking news, live events, and exclusive reporting. "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. The House passed the Ukraine spending bill by 368 to 57, with only Republicans voting against it. Bryant Harris. 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. Biden utilized the authority to send $9.2 billion - or roughly 84 percent - worth of supplies from the U.S. stockpiles. The bill would provide the U.S. Defense Department with $8.7 billion to resupply stocks of U.S. military equipment that have gone to Ukraine; $6 billion in security assistance for Ukraine's military and national security forces; and $3.9 billion for European Command Operations. The House of Representatives has passed a nearly $40 billion bill that will aid Ukraine in its war with Russia. 2022 CBS Interactive Inc. All Rights Reserved. MarketWatch provides the latest stock market, financial and business news. Why? 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. 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.. It didn't take lawmakers long to add $3.4 billion to his requests for both military and humanitarian programs. Forbes called him the "most generous giver" (in terms of . HOUSE PASSES $40 BILLION UKRAINIAN AID PACKAGE. Pictures were posted to Facebook on May 14, 2022, by Andrij Sybiha, a member of President Zelenskyys administration. 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.. The U.S. Senate passed a $40 billion aid package for Ukraine last week, but Treasury Secretary Janet Yellen said at a speech in Brussels that, "Eventually, Ukraine will need massive support and . (Ukrainian Presidential Press Office via AP). U.S. aid to Ukraine totals $68 billion, and the White House has just asked Congress for another $37.7 billion. 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. 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. 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. 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.". 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.". What Could Elon Musk Possibly Be Thinking? 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. The $858 billion legislation, directing more military aid for Ukraine and Taiwan, now heads to President Biden for his signature. 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(Anna Moneymaker/Getty Images), "The amounts we're talking about are astronomical. "It is a matter of priorities that are misplaced. Moscow has little to show for it beyond a strip of territory in the south and marginal gains in the east. T he Senate on Monday voted to limit debate on a nearly $40 billion Ukraine aid bill after it was initially blocked by Sen. Rand Paul (R-KY) last week, allowing the bill to move toward. 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. This bill will protect democracy, limit Russian aggression, and strengthen our own national security, while, most importantly, supporting Ukraine, Democratic Representative Rosa DeLauro, who chairs the House Appropriations Committee, said as she urged support for the spending package. 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. '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.'. Given the huge cost of building highly advanced semiconductor facilities, the funding could go fast, and competition for the money has been intense. 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. Company finances can be opaque, and when a company saves a dollar in the United States, it may then choose to invest it elsewhere. He has alsovoted againstoverwhelmingly bipartisan bills to send additional aid packages to Ukraine. First published on May 12, 2022 / 9:46 PM. The chairman of the board of Naftogaz Oleksii Chernyshov announced this in an interview with Forbes, Ukrainian News Agency reports. '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. Get stock market quotes, personal finance advice, company news and more. '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.'. 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Theyre only asking for the resources they need to defend themselves against this deranged invasion, and they need help right now., McConnell urged his colleagues to support the package Thursday, saying: Anyone concerned about the cost of supporting a Ukrainian victory should consider the much larger cost should Ukraine lose., Schumer, for his part, accused Republicans opposed to the bill of running thesame soft on Putin playbook that we saw used by former President Trump.. 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. Pictures were posted to Facebook on May 14, 2022, by Andrij Sybiha, a member of President Zelenskyys administration. That would send it to President Joe Biden for his signature if no changes are made. The Associated Press contributed to this report. Another $11 billion will be distributed later this year to support research into new chip technologies. This involves delivering supplies from the U.S. military's own arsenal. ", MCCONNELL MAKES SURPRISE TRIP TO MEET ZELENSKYY IN UKRAINE, Senate Minority Leader Mitch McConnell, R-Ky., meets President Zelenskyy in Ukraine. Tuesday morning on The Tennessee Star Report, host Leahy welcomed U.S. Pauls initial hold on the bill was blasted bytop Ukrainian officials, Majority Leader Chuck Schumer (D-NY) and Minority Leader Mitch McConnell (R-Ky.). Joe Biden is pictured on Monday in Kyiv alongside Ukrainian counterpart Zelensky. 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. 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. 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. 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 . 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's why the package already includes millions of dollars to support additional oversight measures, including additional funding for existing inspectors general and we encourage all senators to promptly pass the bill as it stands, we feel what's in there sufficient.". Critics have argued that the federal government may not be the best judge of winners and losers. 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. Some will go to makers of older chips that are still essential for cars, appliances and weapons, as well as suppliers of raw materials for the industry and companies that package the chips into their final products. 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. 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 . Oksana Markarova, Ukraines ambassador to the United States, appealed for assistance to both Democratic and Republican senators at their weekly party lunches on Tuesday. 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. Potential for a military invasion of the board of Naftogaz Oleksii Chernyshov announced this in an with!, a member of President Zelenskyys administration 40 billion bill that will aid Ukraine in its war Russia! 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