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Biden’s Ukraine Aid Risks Slowdown as GOP Balks at Covid Tie-In

29 Tháng Tư 2022
Biden’s Ukraine Aid Risks Slowdown as GOP Balks at Covid Tie-In © Reuters. Biden’s Ukraine Aid Risks Slowdown as GOP Balks at Covid Tie-In

(Bloomberg) -- President Joe Biden has broad support in Congress for a massive $33 billion Ukraine aid package, but the proposal risks getting tangled in a long-simmering partisan dispute over immigration and Covid-19 funding.

The Senate could vote on the emergency spending package next week, but the House will be on recess. Congress could finish by the week of May 9 and send it to Biden for his signature. But if Democrats insist on attaching long-stalled funding for Covid vaccinations and treatment to the package, action could be delayed indefinitely.

“That’s not going to happen. That’s an awful way to do business,” Senator Jim Risch of Idaho, the top Republican on the Foreign Relations Committee, said about combining the two spending requests.

Senate Democrats and Republicans previously hashed out a $10 billion compromise on Covid funding, but the effort stalled earlier this month when Republicans demanded a vote on an amendment that would reverse a decision to lift pandemic-related restrictions on migration across the southern border, known as Title 42.

Vulnerable swing-state Senate Democrats have come out against lifting Title 42 and could feel compelled to approve a Title 42 amendment. Once the provision is part of the bill, that could poison the measure with Democrats in the closely divided House.

Utah Republican Senator Mitt Romney, who negotiated the Covid relief package with Majority Leader Chuck Schumer, said senators still want to vote on extending Title 42.

“I think the prospects of each being passed would be greater if they were kept separate and if each had the potential for amendments,” he told reporters.

Biden urged Congress to tie the two together in his request. “Let’s get both of these critical tasks done,” he said Thursday at the White House.

That has the support of many Democrats. Senate Health Committee Chair Patty Murray told reporters that Covid aid should be included with the Ukraine package.

“It needs to get done. We need to have testing and new vaccines developed,” the Washington Democrat said.

The administration’s proposal includes $20.4 billion in military and security assistance for Ukraine, $8.5 billion in economic assistance to help support the government in Kyiv, and $3 billion for humanitarian assistance and global food security, according to a White House statement.

White House officials said the funding would cover Ukraine costs through Sept. 30, the end of the current fiscal year.

The Ukraine aid generally drew support from key Republicans, who stressed the urgency of the situation on the ground.

“There is a desperate need for this assistance. We can’t play politics with this. We have to get this done,” Senator Rob Portman of Ohio said.

“The sooner the better on Ukraine,” Alabama Senator Richard Shelby, the top Republican on the Appropriations Committee, said.

The top Republican on the Armed Services Committee, Jim Inhofe of Oklahoma, said he is “pretty satisfied” with the request for the military although he had expected higher levels prior to the announcement.

©2022 Bloomberg L.P.

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23-05-2022 09:03:55 (UTC+7)

EUR/USD

1.0588

+0.0028 (+0.27%)

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EUR/USD

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USD/JPY

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AUD/USD

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US Coffee C Futures

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Euro Stoxx 50

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S&P 500

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US Small Cap 2000

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Adidas AG

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 EUR/USD1.0588↑ Buy
 GBP/USD1.2533↑ Buy
 USD/JPY127.35↑ Sell
 AUD/USD0.7082↑ Buy
 USD/CAD1.2809↑ Buy
 EUR/JPY134.83↑ Sell
 EUR/CHF1.0295Neutral
 Gold1,848.57Neutral
 Silver21.843Sell
 Copper4.3030Sell
 Crude Oil WTI110.87Neutral
 Brent Oil110.71Sell
 Natural Gas8.165↑ Sell
 US Coffee C216.48↑ Buy
 Euro Stoxx 503,657.03↑ Buy
 S&P 5003,901.36↑ Buy
 DAX13,981.91Buy
 FTSE 1007,389.98Neutral
 Hang Seng20,520.00↑ Sell
 Small Cap 20001,773.27↑ Buy
 IBEX 358,484.50Neutral
 BASF48.850Buy
 Bayer63.74Buy
 Allianz195.58Buy
 Adidas172.80Buy
 Lufthansa6.852↑ Sell
 Siemens AG115.08Neutral
 Deutsche Bank AG9.362Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,880/ 6,980
(5/ 5) # 1,787
SJC HCM6,895/ 6,985
(0/ 0) # 1,791
SJC Hanoi6,895/ 6,987
(0/ 0) # 1,793
SJC Danang6,895/ 6,987
(0/ 0) # 1,793
SJC Nhatrang6,895/ 6,987
(0/ 0) # 1,793
SJC Cantho6,895/ 6,987
(0/ 0) # 1,793
Cập nhật 23-05-2022 09:03:57
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$1,849.42+2.740.15%
Live 24 hour Gold Chart
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Sản phẩmVùng 1Vùng 2
RON 95-V30.58031.190
RON 95-III29.98030.570
E5 RON 92-II28.95029.520
DO 0.05S26.65027.180
DO 0,001S-V27.45027.990
Dầu hỏa 2-K25.16025.660
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WTI$110.77-0.24-0.22%
Brent$113.23-0.34-0.30%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.005,0023.315,00
EUR23.899,8625.238,69
GBP28.277,1029.483,51
JPY176,47186,83
KRW15,8019,25
Cập nhật lúc 08:57:42 23/05/2022
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