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Monday, May 06, 2024

US Congress Approves $95B Foreign Aid Package for Ukraine, Israel, Taiwan, and Humanitarian Aid Amid Global Conflicts

US Congress Approves $95B Foreign Aid Package for Ukraine, Israel, Taiwan, and Humanitarian Aid Amid Global Conflicts

The US Congress passed a foreign aid package worth $95 billion on Tuesday, which includes $61 billion for Ukraine, $26 billion for Israel and humanitarian aid, and $8.12 billion to counter communist China in the Indo-Pacific.
The bills, which had been delayed for months, were combined into one package in the Senate.

The funding comes as Russia's invasion force advances in Ukraine, and Kyiv faces military supply shortages.

US President Joe Biden has met with Ukrainian President Volodymyr Zelensky to discuss the aid.

The House of Representatives passed a $40 billion bill to support Ukraine and other allies against Russian aggression.

The bill includes provisions for humanitarian aid, military assistance, and sanctions on Russia.

An additional $1 billion military aid package for Ukraine is expected to be signed into law by President Biden as soon as it passes the Senate.

The bill also includes potential bans on the Chinese-controlled social media app TikTok and new sanctions on Iran.

Democratic and Republican leaders in the Senate predict that this legislation will serve as a warning to foreign adversaries that the US will continue supporting its allies.

Democratic Majority Leader Chuck Schumer called this a turning point in history for Western democracy.

The approval of aid for Ukraine could be the last one before the elections in November, as some Republicans with ties to former President Trump, who is skeptical of Ukraine aid and advocates for "America First" policies, have opposed it.

Senate Republican Leader Mitch McConnell, who supports Ukraine, expressed regret over the delay caused by hard-line Republicans.

McConnell believes the isolationist movement is waning.

The text discusses the $10 billion economic aid package for Ukraine, which includes a loan that can be forgiven by the president starting in 2026.

The aid is intended to help Ukraine fend off Russian invaders, but some analysts believe it would have been more effective if it had been provided earlier.

The text also mentions $300 million in humanitarian aid for Israel and Palestine, with the hope that it will help Palestinians in Gaza, which has been devastated by recent conflict.

Israel has faced aerial attacks from Iran and already receives significant annual US security assistance.

The text discusses the passage of a foreign aid bill in the US Senate, which includes security aid for Ukraine, Israel, and the Indo-Pacific.

The bill, which passed with bipartisan support, had been held up in the House of Representatives until recently.

The aid is expected to boost orders for defense companies such as RTX Corp., Lockheed Martin, General Dynamics, and Northrop Grumman.

The text also mentions that the conflict in Gaza has resulted in over 34,000 civilian deaths.

Previously, there had been seven attacks that resulted in the deaths of 1,200 people.

The House approved Ukraine funding with a vote of 311-112, but most Republican opposition resulted in only 101 GOP votes.

Speaker Mike Johnson relied on Democratic support, leading to calls for his removal as House leader.

Despite this, the House went on a week-long recess without a vote on Johnson's ouster.
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