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Free AccessSenate Vote On Final Passage Of USD95bn Foreign Aid Bill Expected ~0515ET
Following a rare talking filibuster attempt by Republican lawmakers, the US Senate is set to vote on the final passage of a USD95bn package of aid for, among others, Ukraine and Israel, at around 0515ET (1015GMT, 1115CET). Late on 12 Feb, the Senate voted 66-33 to overcome the last procedural hurdle before a final vote can take place. This meant that the Sen. Rand Paul (R-KY)-led filibuster has proved more of a sideshow than a concerted and effective effort to stop the legislation proceeding.
- While the package's passage in the Senate will cheer the White House and moderate Republicans in favour of maintaining US support for Kyiv, it faces a sterner challenge in the House of Representatives before it can reach President Biden's desk.
- Speaker Mike Johnson (R-LA) faces a difficult challenge, with a razor-thin majority he has to corrall two vehemently opposed wings of his party: moderates in favour of maintaining aid and hard-line members on the right taking their cues from former President Donald Trump, who are deeply opposed.
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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.