Connect with us

Hi, what are you looking for?

Stock

Ukraine funding rises as major political lightning rod in government shutdown fight

Disagreements over Ukraine aid are threatening to be a major factor in a looming government shutdown if lawmakers can’t agree on how to fund the government by the end of the fiscal year on Sept. 30.

Sending U.S. dollars to Kyiv for its fight against a Russian invasion has been a point of contention for a significant number of GOP lawmakers in the House, and even several in the Senate. 

The House Rules Committee staged an emergency meeting on Wednesday night to strip $300 million in Ukraine aid from the defense spending bill, one of 12 that lawmakers are passing to fund the government after Sept. 30. It came hours after Fox News Digital first reported that objections to those provided funds were threatening to tank the bill.

The $300 million funding got a separate vote late on Thursday night after the Rules Committee separated it – more than half of the Republican conference voted against it. The bill passed with the support of all 210 present Democrats and 101 of 218 voting Republicans. 

Meanwhile, in the Senate, the inclusion of $6 billion for Ukraine in a stopgap funding bill, known as a continuing resolution (CR), has made the bill a nonstarter in the House, according to Speaker Kevin McCarthy, R-Calif.

Sen. Rand Paul, R-Ky., has also pledged to force the chamber to slow-walk any CR that includes additional aid toward Kyiv’s effort.

House and Senate lawmakers must come together on some funding agreement before midnight on Sunday to avert a partial government shutdown. 

A majority of Republicans in both chambers do support aid for Ukraine – amendments to stop or limit those funds offered with the defense spending bill were defeated by Democrats and more than half of the GOP conference. 

But in the House specifically, the GOP’s razor-thin majority has given a smaller faction of hardliners outsized influence over the rest of the conference. 

‘I’ve been clear from day one, that no money should be going to Ukraine, that our position should be bringing peace to that country. We’re currently right now funding the destruction of Ukraine,’ Rep. Marjorie Taylor Greene, R-Ga., who voted to block a procedural measure over her opposition, told Fox News Digital on Wednesday.

It comes after Ukrainian President Volodymyr Zelenskyy came to Capitol Hill earlier this month and, in a sign of the tensions over the subject, he was not given the opportunity to address a joint session of Congress as he did previously. 

Instead, he met with leaders and some lawmakers in the House and delivered a separate address to the Senate. 

This post appeared first on FOX NEWS

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    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!

    You May Also Like

    Editor's Pick

    LIVE OAK, Fla. — President Biden traveled to Florida on Saturday to survey the damage caused by Hurricane Idalia, part of a storm response...

    Economy

    Union members at Ford, Stellantis and General Motors have ratified a new 4½-year contract, locking in at 11% pay increases secured after a six-week...

    Stock

    President Biden is asking his Cabinet to ‘aggressively execute’ plans for federal employees to return to their offices for work this fall after years...

    Stock

    A group of House Democrats penned a letter Thursday to several top Biden administration and White House officials, demanding the immediate continuance of uninterrupted...

    Disclaimer: beneficialinvestmentnow.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 beneficialinvestmentnow.com