Business News

Biden seeks $10B for aid to Ukraine, $22.5B for coronavirus

President Joe Biden delivers his State of the Union address to a joint session of Congress at the Capitol, Tuesday, March 1, 2022, in Washington, as Vice President Kamala Harris and Speaker of the House Nancy Pelosi of Calif., look on. (Jabin Botsford, Pool via AP)

The Biden administration is seeking another $10 billion to help protect Ukraine against the Russian invasion and an additional $22.5 billion to cover coronavirus pandemic-related expenses, two major additions to budget talks already underway.

The acting director of the White House Office of Management and Budget, Shalanda Young, laid out the need for the supplemental funding in a Thursday blog post. The requests would be additions to a planned budget agreement that Congress is trying to finish before a March 11 deadline.

Young said in the blog post that the money was urgently needed. The $10 billion to Ukraine would be a rapid escalation of the $1.4 billion provided by the United States since 2021, a reflection of the crisis caused by the Russian offensive that began last month. Young said the money would cover “additional humanitarian, security, and economic assistance in Ukraine and the neighboring region in the coming days and weeks.”

Last week, Biden administration officials told congressional aides that their requests would include $3.5 billion for the Pentagon and $2.9 billion for humanitarian aid as Russia’s invasion has caused more than a million Ukrainian refugees to flee their country.

The $22.5 billion tied to the coronavirus would pay for testing, treatments and vaccines as well as investments in research and efforts to increase vaccinations worldwide. There had been expectations that the request was going to be for as much as $30 billion, which comes after lawmakers and the Biden and Trump administrations committed a combined $5.8 trillion over multiple years on the pandemic, according to the nonpartisan Committee for a Responsible Federal Budget.

White House COVID-19 coordinator Jeff Zients said on a call with reporters on Wednesday that the plan to address the pandemic is “robust and comprehensive,” which is why it requires additional funding for immediate and longer-term priorities.

The federal government spent $6.8 trillion last fiscal year, due in large part to the emergency measures tied to the coronavirus that included President Joe Biden’s $1.9 trillion relief package. Before the COVID-19 pandemic, the federal budget was about $4.4 trillion, according to the Congressional Budget Office.

Copyright 2021 Associated Press. All rights reserved.

Source: https://apnews.com/article/russia-ukraine-coronavirus-pandemic-health-business-united-states-da778e1f0523da3dea15721ee5ff3e24

Click to comment

You May Also Like

Russia-Ukraine War

Russia is facing an expanding fuel supply crisis after months of Ukrainian drone strikes severely damaged key oil refineries and energy facilities, disrupting gasoline...

Africa

Authorities and residents in Uganda are expressing frustration over renewed global attention on the “Bundibugyo” strain of Ebola, a virus variant named after a...

Africa

Health workers and aid volunteers responding to the deadly Ebola outbreak in eastern Democratic Republic of Congo are facing mounting hostility from local residents,...

Business News

ERIE, Colo. (AP) — “Gus” the turkey has been spending Thanksgiving week much differently than millions of other unlucky gobblers across the U.S. As he trots...

Copyright © 2023 Newsworthy News | Global | Political | Local | All News | Website By: Top Search SEO

Exit mobile version