Monday, May 6, 2024

A look at what’s in the $95 billion foreign aid package passed by the House



A look at what’s in the $95 billion package passed by the Senate on Tuesday that may supply military aid to Ukraine and Israel, refill U.S. guns techniques and provides humanitarian help to civilians in Gaza.

President Joe Biden has promised to signal the package Wednesday.

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The extensive spending breakdown:

— About $61 billion for Ukraine and replenishing U.S. guns stockpiles. The total quantity supplied to Ukraine for the acquire of guns could be $13.8 billion. Ukraine would obtain greater than $9 billion of financial help in the type of “forgivable loans.”

— About $26 billion for supporting Israel and offering humanitarian aid for folks in Gaza. About $4 billion of that will be devoted to replenishing Israel’s missile protection techniques. More than $9 billion of the overall would cross towards humanitarian help in Gaza amid the Israel-Hamas war.

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— About $8 billion for serving to U.S. allies in the Indo-Pacific area and countering China. More than $3.3 billion would cross towards submarine infrastructure and building, with an extra $1.9 billion to refill U.S. guns supplied to Taiwan and different regional allies.

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