Biden wants $100 billion for Israel and Ukraine – Bloomberg

According to reports, the White House thinks a spending package will more readily win legislative approval.

According to those acquainted with the situation, US President Joe Biden plans to put out a $100 billion aid package that will fund Taiwan, Israel, the Ukraine, and border security with Mexico. According to the publication, bundling the help is thought to assure bipartisan backing in Congress.

Although the bill’s specifics “are still being worked out,” a source who wishes to remain unnamed told Bloomberg that it would apply to the whole fiscal year, which ends in October 2024. An earlier request for $24 billion in aid for Ukraine only covered three months, and it was this request that resulted in the removal of House Speaker Kevin McCarthy last month.

Republicans are less certain about providing extra funding for Ukraine than Democrats are about delivering military help to Israel.

To make it more appealing to some of his fellow Republicans, House Foreign Affairs Committee Chairman Michael McCaul suggested last week pairing the foreign aid with a border security bill.

But before passing any legislation, the House of Representatives must choose a new speaker. On Tuesday, it was unsuccessful because Ohio Republican Jim Jordan lacked the support of his own party to win the gavel.

The majority leader in the Senate, Senator Chuck Schumer of New York, told Bloomberg that the White House proposal should come “by the end of this week” at the earliest.

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The need is severe in both Israel and Ukraine, therefore we’d like to advance the additional package as soon as we can, Schumer added.

According to the New York Times, Israel has requested $10 billion in “emergency” aid from the US as it battles Hamas in Gaza, a Palestinian militant organisation.

Janet Yellen, the Treasury Secretary, stated on Monday that the US “can certainly afford” to support both Israel and Ukraine.

According to Yellen, who has visited Ukraine, “the direct economic assistance we are providing to them is what enables them to fight this war.” At least $113 billion in aid, including $44 billion in military aid, has been pledged by Washington to Kiev as of this writing.

Gennady Kovalenko, a representative of the Ukrainian Defence Ministry, acknowledged to the Washington Post earlier this month that Kiev “depends entirely on the United States” and that US assistance was necessary.

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