A look at what's in the $95 billion foreign aid package passed by the House
World
A look at what’s in the $95 billion foreign aid package passed by the House
NEW YORK (AP) - A look at what’s in the $95 billion package passed by the House on Saturday that will provide military aid to Ukraine and Israel, replenish U.S. weapons systems and give humanitarian assistance to civilians in Gaza.
Senate passage is expected this coming week. President Joe Biden has promised to sign the package as soon as he gets it.
The broad spending breakdown:
—about $61 billion for Ukraine and replenishing U.S. weapons stockpiles. The overall amount provided to Ukraine for the purchase of weapons would be $13.8 billion. Ukraine would receive more than $9 billion of economic assistance in the form of “forgivable loans.”
—about $26 billion for supporting Israel and providing humanitarian relief for people in Gaza. About $4 billion of that would be dedicated to replenishing Israel’s missile defense systems. More than $9 billion of the total would go toward humanitarian assistance in Gaza amid the Israel-Hamas war.
—about $8 billion for helping U.S. allies in the Indo-Pacific region and countering China. More than $3.3 billion would go toward submarine infrastructure and development, with an additional $1.9 billion to replenish U.S. weapons provided to Taiwan and other regional allies.
