US House passes $95bn aid boost for Ukraine, Israel, Taiwan

US House passes $95 billion aid package, overcoming political hurdles and bipartisan objections. Speaker Mike Johnson leads bipartisan effort for national security, funding Ukraine's defense, Taiwan's security, and Israel's missile defense. Ultraconservative backlash threatens Speaker's position..Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here..By Erik Wasson, Billy House and Maeve Sheehey.The US House passed $61 billion in fresh aid for Ukraine on Saturday, ending a six-month political impasse during which Kyiv's stockpiles dwindled in its war against Russia. .The Ukraine aid will be combined with funding for Israel and Taiwan, for a foreign assistance package totaling $95 billion. .Speaker Mike Johnson worked with Democrats and overcame fierce objections from within his own party to funding Ukraine, ultimately pushing that legislation to passage on a 311 to 112 bipartisan vote. ."We did our work here and history will judge us well," Johnson said after the vote. .The Senate is expected to pass the package, which was negotiated with the White House, next week. Senate Democrats and Republicans agreed to take it up on Tuesday, starting with procedural votes, Majority Leader Chuck Schumer said in a statement. .Read more: Cameron exposes "horrific" working conditions in SAPS – after another cop killing….The vote marks a victory for Republican defense hawks against the more isolationist wing of the party led by Donald Trump. Even so, more Republicans voted against further aid to Ukraine than in favor.."We cannot be afraid of our shadows. We must be strong. We have to do what's right," House Foreign Affairs Chairman Michael McCaul, a Texas Republican, said. .Ukrainian President Volodymyr Zelenskiy quickly celebrated the vote on the social media platform X. A spokesman for Russian President Vladimir Putin decried the fresh aid. .Today, we received the awaited decision on the US aid package that we long fought for. And a very significant one. Our warriors on the front lines, as well as our cities and villages suffering from Russian terror, will feel it.The U.S. House of Representatives voted on it… pic.twitter.com/G6z3PxsOMg— Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) April 20, 2024.Democrats and some Republicans waved Ukrainian flags during the vote, a rare moment of bipartisanship in a bitterly and narrowly divided House. ."Traditional House Republicans led by Speaker Mike Johnson have risen to the occasion," House Democratic leader Hakeem Jeffries said. "We have a responsibility to push back against authoritarianism.".Taiwan, TikTok.The House earlier Saturday passed an $8 billion aid package aimed at averting Chinese aggression against Taiwan. The chamber also passed a bill that would force Chinese-controlled ByteDance Ltd to divest itself from the popular social media app TikTok or face a US ban. .That bill also allows the confiscation of Russian dollar assets to help fund assistance to Ukraine. Russia will retaliate for any confiscation of its property, the Tass newswire quoted Putin's spokesman Dmitry Peskov as saying..The Senate aims to begin voting Tuesday on the combined package..The $61 billion Ukraine bill has $13 billion to replenish US stockpiles for weapons already given to Ukraine and $14 billion for US defense systems for Ukraine. It also has $7 billion for US military operations in the region..The bill's $9.5 billion in economic assistance to Ukraine comes in the form of a loan that the president can fully forgive after the next election. The loan idea was first floated by Trump, the GOP's presumptive nominee. .Read more: What all-out war between Israel and Iran would look like and what it would mean for the World.The Taiwan aid bill includes $2 billion in foreign military financing for Taiwan and $1.9 billion to replenish US weapons stocks to cover items and services provided for Taiwan. It also has $3.3 billion to develop submarine infrastructure. .The Israel aid bill, which passed on a 366 to 58 vote, includes $4 billion for Israel's missile defenses in the wake of last weekend's drone and missile attacks by Iran. It provides $9 billion in global humanitarian aid including for use in Gaza at Democrats' insistence..Risky Move.Johnson ignored demands from ultra-conservatives to attach Republican-only US border legislation, which would have sunk its chances in the Democratic-controlled Senate. .He also relied on Democrats to clear procedural hurdles for the legislation, breaking from decades of tradition and putting his speakership at risk. .President Joe Biden welcomed the House vote, thanking Johnson, Jeffries and lawmakers "who voted to put our national security first." He urged the Senate to pass the aid quickly and send the package to him for signing..Three ultraconservative lawmakers — Marjorie Taylor Greene of Georgia, Thomas Massie of Kentucky and Paul Gosar of Arizona — say they are prepared to vote to oust him from his job. .Marjorie Taylor Greene departs Capitol Hill following a vote in Washington, DC, on April 19.."Nothing is done to secure our border or reduce our debt," Greene said on Saturday. "Ukraine is not even a member of NATO.".Massie on Saturday said he hoped the mounting Republican opposition would ultimately force Johnson to resign. ."But if it comes to it, a vote will be called," to remove Johnson, he said. .To strip Johnson of his speakership, these rebels would need the cooperation of Democrats, many of whom have said they'd protect the Louisiana Republican after he struck the foreign aid deal. .Read also:.With allies like the US, Ukraine hardly needs enemies: Andreas KluthIsrael is not committing genocide, Dr. Soni: Woode-SmithEskom's shadowed legacy: SA's 30 year struggle for power.© 2024 Bloomberg L.P.

US House passes $95bn aid boost for Ukraine, Israel, Taiwan

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