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Magadh Today - Beyond Headlines > Latest News > Global > US is Nearly Out of Money to Help Ukraine Fight War with Russia: White House
Global

US is Nearly Out of Money to Help Ukraine Fight War with Russia: White House

Gulshan Kumar
Last updated: 2023/12/04 at 11:14 PM
By Gulshan Kumar 2 years ago
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In a concerning development, the White House budget director, Shalanda Young, has issued a stark warning regarding the diminishing financial resources available to aid Ukraine in its ongoing conflict with Russia. The Biden administration, seeking a substantial appropriation of nearly $106 billion from Congress in October, faces increasing pressure as time and funds dwindle.

The political landscape, dominated by a slim Republican majority in the House of Representatives, has made the allocation of funds for Ukraine a contentious issue. Some right-leaning lawmakers have raised objections, intensifying the urgency of the situation. Young’s letter to Republican House Speaker Mike Johnson and other congressional leaders emphasized the critical nature of the funding, stating that a lack of action would severely compromise Ukraine’s ability to procure weapons and equipment.

Young’s letter highlights the potential repercussions of ceasing financial support and the supply of weapons to Ukraine. She underlines that such a move would significantly enhance the likelihood of Russian victories on the battlefield. The plea for urgent congressional action is underscored by the looming deadline at the end of the year, when available resources for procuring essential equipment are expected to be exhausted.

“I want to be clear: without congressional action, by the end of the year, we will run out of resources to procure more weapons and equipment for Ukraine and to provide equipment from US military stocks,” Young asserted in the letter. “There is no magical pot of funding available to meet this moment. We are out of money — and nearly out of time.”

Stay tuned for further updates on this developing story.

 

 

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