White House Warns Congress: ‘We Are Out of Money’ For Ukraine – By Michael Rainey (The Fiscal Times) / Dec 4, 2023
The White House warned lawmakers Monday that the U.S. will run out of funds to aid Ukraine in just a few weeks if Congress fails to pass the emergency funding package requested by President Joe Biden in October.
In a letter to congressional leaders, White House budget director Shalanda Young said that “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 U.S. military stocks.” She called on lawmakers to move quickly to provide more funding. “There is no magical pot of funding available to meet this moment,” she wrote. “We are out of money — and nearly out of time.”
Young also warned that the failure to provide the $61 billion in requested funding would “kneecap Ukraine on the battlefield” while “increasing the likelihood of Russian military victories.”
Young noted that Congress has already provided $111 billion “to support Ukraine and critical national security needs,” and that more than half of that total, or about $67 billion, has flowed through the Pentagon to help build up the American defense industrial base or support U.S. military and intelligence operations — part of an effort by the White House to remind lawmakers that aiding Ukraine has significant benefits for the U.S. military and economy.
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