'That means providing long range missiles, more tanks, fighter jets, and air defense systems. 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 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. The 368 to 57. 2 Samsung is growing in Texas. 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. "I'm concerned that it shortchanges priorities here at home. 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. WATCH: The US Senate voted on Monday to advance the $40 billion Ukraine aid bill. The Senate finally approved an additional $40 billion in military and humanitarian aid for Ukraine on Thursday after Sen. Rand Paul blocked the legislation's swift . In addition, $300 million is meant for advanced nuclear reactors and advanced nuclear fuels to increase Ukrainian energy security and independence as Russia continues to hit its energy infrastructure with frequent missile barrages and drone strikes. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. 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 . At the same time, China has increased its market share in less advanced chips that are still critical for cars, electronics and other products. That would deny Mr. Biden the chance past presidents have had to make an appointment to the post, they said. Mutual Fund and ETF data provided by Refinitiv Lipper. 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. '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.'. 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. Reflecting international concerns prompted by the assault, Finland's leaders announced their support for joining NATO and Sweden seemed not far behind. 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 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 .. A confirmation vote from the full Senate will come later this week. Copyright 2023 CBS Interactive Inc. All rights reserved. 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. 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. 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. 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). The United States manufactures 12 percent of chips, though none of the worlds most advanced. 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 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. US House Passes $40 Billion Bill to Bolster Ukraine Against Russian Invasion. "Aid for 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. Quotes displayed in real-time or delayed by at least 15 minutes. "No matter how sympathetic the cause, my oath of office is to the national security of the United States of America," Paul said. Paul was likely to lose that vote and rejected the offer. The bill includes $19.7 billion for the Defense Department, more than $3 billion above the level asked for by the Biden administration. We are no longer accepting comments on this article. Get stock market quotes, personal finance advice, company news and more. Market data provided by Factset. Two months ago, only three GOP House members voted against a separate security package. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. 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 . '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. '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. Powered and implemented by FactSet Digital Solutions. "To do that, we've got to get in the right posture in the Indo-Pacific, which we're not currently. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Stocks Drop for a Second Day; Yields Stay Elevated: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. There has been a push from both Republicans and Democrats to provide F-16s. Commerce officials have declined to speculate where these facilities might be, saying they must review applications. 'Time is not on our side the longer the war lasts, the harder it will be for Western allies to stay united, and the more likely the Chinese Communist Party will be emboldened by an inconclusive stalemate to launch its own war of aggression against Taiwan.'. 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.. 109 Bradley infantry fighting vehicles,75,000 sets of body armor and helmets, 38 High Mobility Artillery Rocket systems, and4,000 Zuni aircraft rockets have also been sent over. Last week, 57 Republicans voted against the Ukraine assistance bill in the House. HOUSE PASSES $40 BILLION UKRAINIAN AID PACKAGE. Military analysts believe the Western hardware has been essential in helping Ukrainian forces keep the Russians at bay. 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 bill still must be passed by the House and Senate and signed by Biden, but should it happen by years end, total U.S. military, humanitarian and economic assistance to Ukraine will tick past more than $110 billion in 2022. "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. "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.". 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 . The bill provides appropriations to several federal departments and agencies, including the Department of Justice, the Department of Defense, the Nuclear Regulatory Commission, He was joined by John Barrasso of Wyoming, Susan Collins of Maine and John Cornyn of Texas. Thwarting this ambition by supporting Ukraine makes sense. (Ukrainian Presidential Press Office via AP). Sen.. Sen. Lindsey Graham blasts baby formula shortage on 'Jesse Watters Primetime.'. Paul stood in objection to the effort supported by both. $46.6 billion is in military assistance such as tanks, missiles and drones. It must help Ukraine win, not just fight to a draw. We've received your submission. 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. Senate Minority Leader Mitch McConnell, R-Ky., traveled to Ukraine over the weekend and met with President Volodmyr Zelenskyy. Please. A major change is that this package looks ahead months rather than weeks. 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. 'America cant afford to keep on writing checks. 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 . Final passage is not in doubt. Biden had asked for $5 billion. The push toward passage came as Russia continued blasting Ukrainian forces and cities in southern and eastern portions of the country. The bill, approved in a 368-57 vote, provides myriad support to. Despite support from Democratic and GOP leadership, 11 Republicans broke from their party and 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.. (Podcast). The Naftogaz of Ukraine national joint stock company expects UAH 40 billion losses in 2022. 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. 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. 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. What Could Elon Musk Possibly Be Thinking? "All he will accomplish with his actions here today is to delay that aid, not to stop it.". Horse power: Long-serving Red Bull chief CHRISTIAN HORNER on how he switches off from the high-pressure F1 environment, helped by Spice Girl wife Geri and a coterie of nags, dogs and donkeys! Watch: the US Senate voted on Monday to advance the $ 40 billion in. Blasting Ukrainian forces and cities in southern and eastern portions of the worlds advanced. And air defense systems that vote and rejected the offer on this article likely. 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