AGL 37.94 Decreased By ▼ -0.54 (-1.4%)
AIRLINK 193.91 Decreased By ▼ -9.11 (-4.49%)
BOP 9.32 Decreased By ▼ -0.85 (-8.36%)
CNERGY 5.84 Decreased By ▼ -0.70 (-10.7%)
DCL 8.68 Decreased By ▼ -0.90 (-9.39%)
DFML 36.46 Decreased By ▼ -3.56 (-8.9%)
DGKC 92.54 Decreased By ▼ -5.54 (-5.65%)
FCCL 33.97 Decreased By ▼ -0.99 (-2.83%)
FFBL 82.30 Decreased By ▼ -4.13 (-4.78%)
FFL 12.75 Decreased By ▼ -1.15 (-8.27%)
HUBC 120.61 Decreased By ▼ -10.96 (-8.33%)
HUMNL 13.60 Decreased By ▼ -0.42 (-3%)
KEL 5.22 Decreased By ▼ -0.39 (-6.95%)
KOSM 6.52 Decreased By ▼ -0.75 (-10.32%)
MLCF 42.11 Decreased By ▼ -3.48 (-7.63%)
NBP 59.81 Decreased By ▼ -6.57 (-9.9%)
OGDC 211.17 Decreased By ▼ -9.59 (-4.34%)
PAEL 37.58 Decreased By ▼ -0.90 (-2.34%)
PIBTL 8.07 Decreased By ▼ -0.84 (-9.43%)
PPL 190.32 Decreased By ▼ -7.56 (-3.82%)
PRL 38.17 Decreased By ▼ -0.86 (-2.2%)
PTC 23.45 Decreased By ▼ -2.02 (-7.93%)
SEARL 97.94 Decreased By ▼ -5.11 (-4.96%)
TELE 8.22 Decreased By ▼ -0.80 (-8.87%)
TOMCL 35.03 Decreased By ▼ -1.38 (-3.79%)
TPLP 13.55 Decreased By ▼ -0.20 (-1.45%)
TREET 22.73 Decreased By ▼ -2.39 (-9.51%)
TRG 52.87 Decreased By ▼ -5.17 (-8.91%)
UNITY 32.96 Decreased By ▼ -0.71 (-2.11%)
WTL 1.52 Decreased By ▼ -0.19 (-11.11%)
BR100 11,349 Decreased By -541.2 (-4.55%)
BR30 34,972 Decreased By -2384.1 (-6.38%)
KSE100 106,275 Decreased By -4795.3 (-4.32%)
KSE30 33,353 Decreased By -1555.7 (-4.46%)

WASHINGTON: US lawmakers signed off on almost $14 billion in aid for war-torn Ukraine on Wednesday as part of a giant blueprint to fund federal agencies and avoid a damaging government shutdown at home.

The House of Representatives green-lit around $1.5 trillion in spending through September, less than 48 hours before the Friday-Saturday midnight deadline, when government funding was due to dry up.

The 2,700-plus page package will need to be rubber-stamped by the Senate before the budget can pass into law.

"The brave, freedom-loving people of Ukraine and our allies in the region will receive urgently needed investments to fight Vladimir Putin and the Russians' illegal and immoral invasion," Democratic House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer said in a joint statement.

Lawmakers in the lower chamber also passed a four-day "continuing resolution" to keep federal agencies running until next Tuesday.

This gives the Senate some breathing room in case the procedural hurdles required to get the full package to President Joe Biden's desk cannot be completed by Friday night.

The rigid timetable was forced on lawmakers because Democrats were due to spend the rest of the working week at a retreat in Philadelphia.

Included in the deal is $13.6 billion in military and humanitarian aid for Ukraine and its Eastern European allies in response to Russian leader Vladimir Putin's invasion, which is entering its third week.

'Dangerous time'

The funding, which has huge cross-party support, was one of the keys to passing the omnibus package, which has proved controversial in other areas.

"This bipartisan government funding agreement is the major step forward that our national security needs," Republican Senate Minority Leader Mitch McConnell said in a statement.

"This is a dangerous time for the United States and our partners."

It provides $782 billion in defenCe funding -- far more than Biden's initial $715 billion request and an increase of 5.6 percent over last year. The package includes $730 billion in non-defense cash, a 6.7 percent increase over 2021 and the largest hike in four years.

Lawmakers on the left of the Democratic Party had signaled they would be unhappy about defense spending hikes, but they back the increases in domestic spending and allowed the package to advance to the Senate.

There was a backlash from progressives however over a provision to provide $15.6 billion to fund the Biden administration's Covid-19 strategy, forcing it to be stripped out of the omnibus package.

Republicans are refusing to back any new cash for the federal pandemic response, and Democrats had agreed to take the money from existing programs, including $7 billion allocated to state governments in the $1.9 trillion American Rescue Plan.

But rank-and-file Democrats objected to the proposal, meaning leadership had to schedule a separate vote on Covid funding, likely to come next week.

Lawmakers were also expected to vote Wednesday on a new sanctions bill that includes a ban on importing oil and other petroleum products from Russia.

Biden has already instituted the oil ban by executive order, but Democratic leaders in Congress want their members to be on the record supporting the measure.

The Senate is unlikely to follow suit in any case.

Comments

Comments are closed.