A look at what's in the $95 billion foreign aid package passed by Congress

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Explore the contents of Congress's $95B foreign aid package, highlighting global impact & allocation details.

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A look at what's in the $95 billion foreign aid package passed by Congress

As for the $95 billion package passed by the Senate, here's a breakdown:

 

The Senate passed a $95 billion package aimed at providing military aid to Ukraine and Israel, as well as replenishing U.S. weapons systems and offering humanitarian assistance to civilians in Gaza. President Joe Biden has committed to signing the package on Wednesday.

 

The key components of the spending include:

 

1. Ukraine and Weapon Stockpiles: Approximately $61 billion is allocated for Ukraine and replenishing U.S. weapons stockpiles. This includes $13.8 billion specifically for the purchase of weapons by Ukraine, along with over $9 billion in economic assistance provided in the form of "forgivable loans."

 

2. Israel and Gaza Relief: Around $26 billion is designated for supporting Israel and providing humanitarian relief in Gaza. Of this amount, approximately $4 billion is earmarked for replenishing Israel's missile defense systems. Additionally, more than $9 billion is allocated for humanitarian assistance in Gaza, particularly in light of the Israel-Hamas conflict.

 

3. Indo-Pacific Allies and Countering China: Roughly $8 billion is set aside for assisting U.S. allies in the Indo-Pacific region and countering China. This includes over $3.3 billion allocated for submarine infrastructure and development. Another $1.9 billion is designated to replenish U.S. weapons provided to Taiwan and other regional allies.

 

The package represents a significant investment in bolstering the defense capabilities of key allies, addressing humanitarian crises, and countering strategic threats in various regions.


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CRN News Update - Latest Breaking News: A look at what's in the $95 billion foreign aid package passed by Congress
A look at what's in the $95 billion foreign aid package passed by Congress
Explore the contents of Congress's $95B foreign aid package, highlighting global impact & allocation details.
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