Wednesday, December 11, 2024
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US running out of money, time to avoid ‘kneecap’ to Ukraine

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Washington, Dec 4: The Biden administration on Monday sent Congress an urgent warning about the need to approve tens of billions of dollars in military and economic assistance to Ukraine, saying Kyiv’s war effort to defend itself from Russia’s invasion may grind to a halt without it.
In a letter to House and Senate leaders and also released publicly, Office of Management and Budget Director Shalanda Young warned the US will run out of funding to send weapons and assistance to Ukraine by the end of the year, saying that would “kneecap” Ukraine on the battlefield.
She added that the US already has run out of money that it has used to prop up Ukraine’s economy, and “if Ukraine’s economy collapses, they will not be able to keep fighting, full stop.” “We are out of money – and nearly out of time,” she wrote.
Biden has sought a nearly USD 106 billion aid package for Ukraine, Israel and other needs, but it has faced a difficult reception on Capitol Hill, where there is growing scepticism about the magnitude of assistance for Ukraine and where even Republicans supportive of the funding are insisting on US-Mexico border policy changes to halt the flow of migrants as a condition for the assistance.
Meanwhile, the GOP-controlled House has passed a standalone assistance package for Israel, which is fighting a war with Hamas in Gaza, while the White House has maintained that all of the priorities must be met.
Congress already has allocated USD 111 billion to assist Ukraine, including USD 67 billion in military procurement funding, USD 27 billion for economic and civil assistance and USD 10 billion for humanitarian aid.
“We are out of money to support Ukraine in this fight,” Young wrote. “This isn’t a next year problem. The time to help a democratic Ukraine fight against Russian aggression is right now. It is time for Congress to act.”
Security officials briefed the “big four” congressional leaders as Congress is debating President Joe Biden’s nearly USD 106 billion funding package, which includes USD 61 billion for Ukraine but has become snared by Republican demands for US-Mexico border security changes. (AP)

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