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Free Access12:00ET/17:00BST: Senate To Vote On Ukraine Aid Package
Senate Majority Leader Chuck Schumer (D-NY) has scheduled a vote today on the ~USD$40 billion military and humanitarian aid package for Ukraine.
- After a procedural vote to break Senator Rand Paul's (R-KY) blockade on the bill, a final vote (requiring a simple majority) is expected to take place at 12:00ET/17:00BST.
- There will be a handful of GOP ‘noes’ but the bill will be approved with a strong bipartisan vote.
- Schumer was scathing of Paul's objection to the bill: ‘This should already have been done and over with, but it is repugnant that one member of the other side, the junior senator from Kentucky, chose to make a show and obstruct Ukraine funding.’
- Paul in response said: ‘I went home and I had a standing ovation from 200 people at a Lincoln Day dinner, who all say, ‘Thank you for holding up this money. We need help at home. We can’t get baby formula. We can’t pour our gas.’
- Although the bill will pass today it may foreshadow a splintering of the bipartisanship that has characterised support for Ukraine in Congress.
- Former President Donald Trump said Democrats 'are sending another USD$40 billion to Ukraine, yet America’s parents are struggling to even feed their children.'
- As the midterms approach President Biden may expect more significant opposition to another Ukraine aid package, should it be required.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.