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Free AccessHouse Of Reps To Vote On Ukraine 'Lend-Lease' Today
12:00 ET 17:00 BST: The US House of Representatives will take up the bill to create a lend-lease program for Ukraine.
- First votes are expected to take place between 13:15 ET 18:15 BST and 14:00 ET 19:00 BST with final votes likely to take place by 16:00 ET 21:00 BST.
- If the bill passes it would allow for the rapid expedition of military aid to Ukraine and remove much of the Congressional red tap which has stalled previous aid packages.
- Both GOP and Democrats have accused the opposing side of the aisle of attaching partisan political demands to Ukraine funding.
- The GOP believes that Democrats are using political will for Ukraine to push COVID-19 relief funding through Congress.
- Democrats have accused the GOP of leveraging Ukraine funding to extent Title 42 immigration policy.
- The passage of a lend-lease program would allow the Pentagon to sidestep some of these partisan disputes.
- Lend-lease would compliment a new measure set to be announced by President Biden shortly to allocate funds from the liquidation of Russian oligarch assets to the Ukrainian war effort.
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.