A look at what’s in the $95 billion package passed by the House on Saturday that will provide military aid to Ukraine and Israel, replenish U.S. weapons systems and give humanitarian assistance to civilians in Gaza. The broad spending breakdown:
Quick Read
- Support for Ukraine: The package allocates approximately $61 billion for Ukraine, which includes $13.8 billion for weapon purchases and over $9 billion in economic assistance through forgivable loans, alongside funds for replenishing U.S. weapons stockpiles.
- Aid for Israel and Gaza: About $26 billion is dedicated to supporting Israel and providing humanitarian relief in Gaza. This includes $4 billion for replenishing Israel’s missile defense systems and more than $9 billion aimed at humanitarian assistance in Gaza amid the ongoing Israel-Hamas conflict.
- Assistance for Indo-Pacific Allies: Approximately $8 billion is designated to assist U.S. allies in the Indo-Pacific region to counter China’s influence. This includes over $3.3 billion for submarine infrastructure and development and $1.9 billion to replenish U.S. weapons supplied to Taiwan and other regional allies.
The Associated Press has the story:
A look at what’s in $95 billion foreign aid package passed by the House
Newslooks- (AP)
A look at what’s in the $95 billion package passed by the House on Saturday that will provide military aid to Ukraine and Israel, replenish U.S. weapons systems and give humanitarian assistance to civilians in Gaza.
Senate passage is expected this coming week. President Joe Biden has promised to sign the package as soon as he gets it.
The broad spending breakdown:
—about $61 billion for Ukraine and replenishing U.S. weapons stockpiles. The overall amount provided to Ukraine for the purchase of weapons would be $13.8 billion. Ukraine would receive more than $9 billion of economic assistance in the form of “forgivable loans.”
—about $26 billion for supporting Israel and providing humanitarian relief for people in Gaza. About $4 billion of that would be dedicated to replenishing Israel’s missile defense systems. More than $9 billion of the total would go toward humanitarian assistance in Gaza amid the Israel-Hamas war.
—about $8 billion for helping U.S. allies in the Indo-Pacific region and countering China. More than $3.3 billion would go toward submarine infrastructure and development, with an additional $1.9 billion to replenish U.S. weapons provided to Taiwan and other regional allies.
You must Register or Login to post a comment.