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Biden To Make "Major Speech" On Ukraine Aid
President Biden, speaking at the White House, has responded to questions from reporters on the future of Ukraine aid by stating the disarray on Capitol Hill does "worry" him, but he knows that a "majority" of lawmakers of both parties who support continued aid to Ukraine.
- Biden continued: "I'm going to be announcing, very shortly, a major speech I'm going to be making on this issue and why its critically important for the United States and our allies that we keep our commitment."
- Biden says he will make the argument that it is "overwhelmingly in the interest of the USA that Ukraine succeed."
- On whether dysfunction in Congress will affect Biden's domestic agenda: "The dysfunction always concerns me...[but] I'm not concerned that [Republicans] will come in and try to dismantle [legislation passed during his term]."
- When asked how long the US can continue supporting Ukraine, Biden gives a lengthy pause and says: "We can support Ukraine in the next tranche that we need, and, there's another means by which we may be able to find funding for that but I'm not gonna get into that now."
- There has been speculation that Democrats can advance legislation in the House through a discharge petition. That would require at least five Republicans to join with Democrats to bypass the authority of the Speaker. The discharge petition was suggested during both the debt ceiling crisis and last week's government shutdown events.
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.