American Financial Live
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
American Financial Live
No Result
View All Result
Home Latest News

Senate advances $95B Ukraine and Israel aid package, setting stage for expedited vote

by
April 24, 2024
in Latest News
0
Senate advances $95B Ukraine and Israel aid package, setting stage for expedited vote

The Senate successfully advanced a $95 billion foreign aid package, which includes assistance for both Israel and Ukraine, on Tuesday by passing a motion to invoke cloture and end debate on the measures early. 

The upper chamber cleared the procedural hurdle by a vote of 81 to 19 after the House passed the bills on Saturday, and Majority Leader Chuck Schumer, D-N.Y., promised to move quickly to get the package across the finish line. 

Included in the package of bills is aid for Ukraine, Israel and Taiwan, as well as a measure requiring TikTok to divest from Chinese-owned ByteDance, and the REPO Act, which would allow $5 billion in Russian assets held in U.S. banks to be transferred to Ukraine.

Schumer pleaded with fellow senators in remarks on the Senate floor ahead of the vote, telling them, ‘Let us not delay this. Let us not prolong this. Let us not keep our friends around the world waiting for a moment longer.’

‘Today, the Senate faces a test,’ Senate Minority Leader Mitch McConnell, R-Ky., said in his own floor remarks prior to the vote. ‘And we must not fail it.’

He further called passage of the supplemental foreign aid bills ‘overdue.’ President Biden first made his request for additional aid to U.S. allies in October 2023. 

The Senate initially passed a foreign aid package to Ukraine, Israel, and Taiwan in February, but House Speaker Mike Johnson, R-La., did not move quickly to bring the measure to the House floor for a vote. And when Johnson ultimately brought aid for a vote in the lower chamber, it was a different version, prompting the bills to be sent back to the Senate before they can head to Biden for a signature. 

The initial package had passed the Senate with overwhelming support, by a vote of 70 to 29. 

The package faces some pushback from senators on both sides of the aisle. Sen. Mike Lee, R-Utah, for example, is against the continued aid to Ukraine, citing the amount of aid already given to the country, as well as the potential of humanitarian aid getting into the hands of Hamas terrorists. Sen. Bernie Sanders, I-Vt., also has reservations over the package due to the continued aid to Israel. He has previously criticized Israeli Prime Minister Benjamin Netanyahu and the high civilian death toll in Gaza.  

However, the opposition from these senators and others doesn’t appear to be widespread enough to threaten the bills’ passage.

This post appeared first on FOX NEWS
Tags: Featured
Previous Post

Hong Kong’s Spot Bitcoin and Ethereum ETFs to Begin Trading on April 30

Next Post

Trump defends Johnson as Marjorie Taylor Greene pushes to oust speaker

Next Post
Trump defends Johnson as Marjorie Taylor Greene pushes to oust speaker

Trump defends Johnson as Marjorie Taylor Greene pushes to oust speaker

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    DOJ releases former Special Counsel Jack Smith’s report on investigation into Trump election interference case

    DOJ releases former Special Counsel Jack Smith’s report on investigation into Trump election interference case

    January 14, 2025
    ‘Waste less, save more’: DOGE caucus member rolls out expansive bill package ahead of Trump inauguration

    ‘Waste less, save more’: DOGE caucus member rolls out expansive bill package ahead of Trump inauguration

    January 14, 2025
    Most Americans rate Biden as ‘failed’ or ‘fair’ president: new poll

    Most Americans rate Biden as ‘failed’ or ‘fair’ president: new poll

    January 14, 2025

    About American Financial Live

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Latest News

    • DOJ releases former Special Counsel Jack Smith’s report on investigation into Trump election interference case
    • ‘Waste less, save more’: DOGE caucus member rolls out expansive bill package ahead of Trump inauguration
    • #29193 (no title)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • Thank you

    Copyright © 2025 americanfinanciallive.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 americanfinanciallive.com | All Rights Reserved