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) $ 98,107.29 0.20%
ethereum
Ethereum (ETH) $ 3,372.33 1.69%
tether
Tether (USDT) $ 1.00 0.12%
solana
Solana (SOL) $ 252.96 2.27%
bnb
BNB (BNB) $ 660.45 0.12%
xrp
XRP (XRP) $ 1.40 5.01%
dogecoin
Dogecoin (DOGE) $ 0.423772 4.10%
usd-coin
USDC (USDC) $ 1.00 0.11%
cardano
Cardano (ADA) $ 1.02 6.32%
staked-ether
Lido Staked Ether (STETH) $ 3,369.71 1.79%
tron
TRON (TRX) $ 0.208936 3.05%
avalanche-2
Avalanche (AVAX) $ 41.36 2.64%
the-open-network
Toncoin (TON) $ 6.09 5.20%
stellar
Stellar (XLM) $ 0.516832 14.84%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 5.89%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,991.59 1.69%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,748.19 0.30%
polkadot
Polkadot (DOT) $ 8.70 7.59%
chainlink
Chainlink (LINK) $ 17.80 1.43%
bitcoin-cash
Bitcoin Cash (BCH) $ 511.25 1.85%
weth
WETH (WETH) $ 3,373.59 1.65%
sui
Sui (SUI) $ 3.37 4.70%
near
NEAR Protocol (NEAR) $ 6.97 7.61%
pepe
Pepe (PEPE) $ 0.00002 4.02%
leo-token
LEO Token (LEO) $ 8.61 0.50%
litecoin
Litecoin (LTC) $ 96.65 5.32%
aptos
Aptos (APT) $ 12.27 7.57%
uniswap
Uniswap (UNI) $ 10.90 0.85%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,549.92 1.79%
internet-computer
Internet Computer (ICP) $ 11.33 5.46%
hedera-hashgraph
Hedera (HBAR) $ 0.140576 8.44%
usds
USDS (USDS) $ 1.00 0.12%
crypto-com-chain
Cronos (CRO) $ 0.185676 6.34%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.558734 5.82%
ethereum-classic
Ethereum Classic (ETC) $ 28.50 6.21%
render-token
Render (RENDER) $ 8.04 0.36%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.51 3.05%
bittensor
Bittensor (TAO) $ 528.78 2.34%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.10%
kaspa
Kaspa (KAS) $ 0.151623 2.33%
whitebit
WhiteBIT Coin (WBT) $ 24.47 1.16%
blockstack
Stacks (STX) $ 2.34 9.74%
bonk
Bonk (BONK) $ 0.000046 5.19%
dai
Dai (DAI) $ 1.00 0.12%
arbitrum
Arbitrum (ARB) $ 0.850482 5.21%
vechain
VeChain (VET) $ 0.042605 2.01%
filecoin
Filecoin (FIL) $ 5.61 6.98%
cosmos
Cosmos Hub (ATOM) $ 8.50 9.50%
okb
OKB (OKB) $ 54.94 6.32%
mantra-dao
MANTRA (OM) $ 3.65 2.49%