Investing

US senators to be briefed on Ukraine this week amid heated negotiations on emergency aid

The Senate will have a classified briefing on Ukraine, Israel and the Biden administration’s $106 billion request for an emergency national supplemental package on Tuesday at 3 p.m. ET, sources familiar told Fox News Digital on Friday. 

The meeting comes as tensions are rising on Capitol Hill as the two chambers must come to a consensus for an emergency aid package. Deliberations have revolved around border security, Ukraine, Israel and Taiwan for several weeks, and Senate Majority Leader Chuck Schumer, D-N.Y., announced that a vote on the package would occur as early as this week. 

Schumer and Senate Minority Leader Mitch McConnell, R-Ky., want to keep Ukraine and Israel aid tied together. Meanwhile, the House passed a $14.3 billion Israel-only aid package earlier this month that also included steep cuts to the Internal Revenue Service (IRS).

But that package likely won’t pass the Democrat-controlled Senate, nor get the White House’s approval without funding to help Ukraine. 

The White House’s supplemental request, which was sent to Congress in October, includes $61.4 billion for Ukraine, $14.3 billion for Israel (with $10.6 billion allocated for military aid), $13.6 billion for some border measures such as speeding up asylum processing, and significant investments in Indo-Pacific security assistance, totaling around $7.4 billion. Additionally, there’s $9 billion earmarked for humanitarian aid in Ukraine, Israel and Gaza.

Meanwhile, the House and Senate both passed a temporary spending patch in September to keep the government funded until next year that did not include continued funding for Ukraine, even though Biden requested it. 

This post appeared first on FOX NEWS

You May Also Like

Editor's Pick

ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

Investing

Democratic Gov. Janet Mills on Wednesday vetoed a bill aimed at prohibiting foreign influence in Maine elections, but voters will get the final say...

Latest News

There were several reasons offered in support of the congestion pricing plan that was supposed to go into effect in New York at the...

Latest News

House Speaker Mike Johnson (R-La.) on Wednesday appointed Reps. Scott Perry (R-Pa.) and Ronny Jackson (R-Tex.), two Trump loyalists who denied the results of...

Disclaimer: realinvestmentstar.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 realinvestmentstar.com