Capitalists And Money

House passes $60.8B in delayed Ukraine aid

The House approved tens of billions of dollars in long-stalled aid to Ukraine on Saturday in a move that could further stoke a push to remove Speaker Mike Johnson.

The lower chamber passed the measure in a 311-112 vote, with one member voting present, overriding staunch conservative opposition to the funding. The Biden administration has stressed that, without the assistance, Ukraine could lose in its defense against Russia by the end of the year.

The bill would provide $60.8 billion for Ukraine, more than $23 billion of which would be used to replenish weapons and stocks provided by the U.S. The measure also includes $13.8 billion for advanced weapons systems and $10 billion in repayable economic assistance that likely won’t be repaid.