Economic news

White House says it is nearly out of money to help Ukraine fight war with Russia

2023.12.04 05:22


© Reuters. A view shows a heavily damaged residential building, amid Russia’s attack on Ukraine, in the town of Avdiivka, Donetsk region, Ukraine October 17, 2023. REUTERS/Yevhen Titov

WASHINGTON (Reuters) – White House budget director Shalanda Young warned in a letter to Republican House Speaker Mike Johnson and other congressional leaders on Monday that the United States was running out of time and money to help Ukraine fight its war with Russia.

President Joe Biden’s administration in October asked Congress for nearly $106 billion to fund ambitious plans for Ukraine, Israel and U.S. border security.

Republicans control the House of Representatives with a slim majority, and funding for Ukraine has become politically controversial with some right-leaning lawmakers.

Young said in a letter released by the White House that cutting off funding and a flow of weapons to Ukraine would increase the likelihood of Russian victories.

“I want to be clear: without congressional action, by the end of the year we will run out of resources to procure more weapons and equipment for Ukraine and to provide equipment from U.S. military stocks,” she wrote. “There is no magical pot of funding available to meet this moment. We are out of money — and nearly out of time.”

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 68,579.37 0.68%
ethereum
Ethereum (ETH) $ 2,426.21 1.89%
tether
Tether (USDT) $ 0.999458 0.15%
bnb
BNB (BNB) $ 558.36 0.38%
solana
Solana (SOL) $ 160.25 1.17%
usd-coin
USDC (USDC) $ 1.00 0.04%
xrp
XRP (XRP) $ 0.508144 0.48%
dogecoin
Dogecoin (DOGE) $ 0.165879 9.60%
staked-ether
Lido Staked Ether (STETH) $ 2,425.23 1.90%
tron
TRON (TRX) $ 0.162559 1.66%
cardano
Cardano (ADA) $ 0.329953 0.68%
the-open-network
Toncoin (TON) $ 4.60 5.67%
shiba-inu
Shiba Inu (SHIB) $ 0.000017 3.34%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,866.95 1.96%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 68,495.35 0.52%
avalanche-2
Avalanche (AVAX) $ 23.09 2.21%
weth
WETH (WETH) $ 2,426.19 1.79%
bitcoin-cash
Bitcoin Cash (BCH) $ 334.62 0.58%
chainlink
Chainlink (LINK) $ 10.47 2.33%
usds
USDS (USDS) $ 1.00 0.01%
leo-token
LEO Token (LEO) $ 6.07 0.04%
polkadot
Polkadot (DOT) $ 3.81 0.55%
sui
Sui (SUI) $ 1.93 2.68%
litecoin
Litecoin (LTC) $ 66.83 0.07%
near
NEAR Protocol (NEAR) $ 3.66 0.09%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,552.93 1.81%
aptos
Aptos (APT) $ 8.18 0.25%
uniswap
Uniswap (UNI) $ 6.90 0.95%
pepe
Pepe (PEPE) $ 0.000008 0.03%
internet-computer
Internet Computer (ICP) $ 7.13 0.94%
dai
Dai (DAI) $ 1.00 0.02%
bittensor
Bittensor (TAO) $ 426.13 1.19%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.14 0.54%
monero
Monero (XMR) $ 160.42 1.50%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.07%
whitebit
WhiteBIT Coin (WBT) $ 18.92 0.05%
stellar
Stellar (XLM) $ 0.091385 0.28%
ethereum-classic
Ethereum Classic (ETC) $ 17.89 0.64%
kaspa
Kaspa (KAS) $ 0.105041 3.81%
first-digital-usd
First Digital USD (FDUSD) $ 0.999503 0.05%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.297496 0.76%
blockstack
Stacks (STX) $ 1.50 1.82%
okb
OKB (OKB) $ 37.34 0.68%
dogwifcoin
dogwifhat (WIF) $ 2.04 1.23%
filecoin
Filecoin (FIL) $ 3.34 0.44%
aave
Aave (AAVE) $ 131.44 0.46%
crypto-com-chain
Cronos (CRO) $ 0.071547 0.31%
arbitrum
Arbitrum (ARB) $ 0.480265 0.75%
mantle
Mantle (MNT) $ 0.555193 1.25%
immutable-x
Immutable (IMX) $ 1.07 0.21%