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Amidst Congressional Chaos, Biden Asks For Over $100 Billion To Pour Into Israel And Ukraine



© Reuters. Amidst Congressional Chaos, Biden Asks For Over $100 Billion To Pour Into Israel And Ukraine

Benzinga – by Bibhu Pattnaik, Benzinga Staff Writer.

Amidst a backdrop of global challenges, President Joe Biden has reached out to Congress, seeking a substantial financial commitment.

What Happened: Biden has officially requested Congress to approve over $100 billion to aid Israel and Ukraine, with a significant amount for humanitarian assistance to Palestinian civilians.

According to Business Insider India, the request was made amidst ongoing conflicts between Israel and Hamas, as well as between Ukraine and Russia.

The White House is seeking $61.4 billion for Ukraine, $14.3 billion for Israel, and $9.15 billion for humanitarian aid for both countries and Gaza. Also included is over $7 billion for domestic border operations to counter the entry of fentanyl into the U.S.

Also Read: Intelligence Reports On Hamas Failed To Reach Biden Before Attack Occurred”The administration looks forward to continued engagement with members of both parties to reach a comprehensive bipartisan agreement to fund the government and invest in critical national priorities,” Office of Management and Budget Director Shalanda Young said during a press call.

This official request follows Biden’s announcement of his intention to provide funding to Israel and Ukraine, as well as $100 million in humanitarian assistance for Gaza and the West Bank civilians, routed through the United Nations as well as international NGOs.

Despite opposition from some Republican lawmakers to continue funding for Ukraine, the president and Treasury Secretary Janet Yellen have asserted the U.S.’ capacity to aid both Ukraine and Israel.

Amidst the chaos in the House of Representatives, where the speaker’s seat remains vacant, it remains unclear how swiftly Congress can pass or debate this supplemental funding request.

Now Read: Trump Blasts NY Attorney General Letitia James, Appears Less Attentive To Israel-Hamas Conflict: ‘Total Wack Job’

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo: Shutterstock

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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