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☆ Israeli forces take control of the Gaza side of the Rafah border crossing with Egypt
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: +3 min

An Israeli tank brigade seized control Tuesday of the Gaza Strip side of the Rafah border crossing with Egypt, authorities said, moving forward with an offensive in the southern city even as cease-fire negotiations with Hamas remain on a knife's edge. The Israeli 401st Brigade entered the Rafah crossing early Tuesday morning, the Israeli military said, taking "operational control" of the crucial crossing. Footage released by the Israeli military showed a tank entering the crossing. The Israeli military claimed it seized the crossing after receiving intelligence it was "being used for terrorist purposes." Wael Abu Omar, a spokesman for the Palestinian Crossings Authority, acknowledged Israeli forces had seized the crossing and had closed the facility for the time being.

Persons: brinkmanship, Wael Abu Omar, Israel that's Organizations: Palestinian, Hamas, Israeli 401st Brigade, Palestinian Crossings Authority, Egyptian Foreign Ministry Locations: Rafah, Gaza, Israel, Israeli, Egypt, Kerem, Wael, United States

☆ At the Brink: Confronting the Risk of Nuclear War - The New York Times
▼ + stars: | 2024-03-04 | by ( Kathleen Kingsbury | ) www.nytimes.com time to read: +7 min

In New York Times Opinion’s latest series, At the Brink, we’re looking at the reality of nuclear weapons today. Within two years, the last major remaining arms treaty between the United States and Russia is to expire. Part of the answer is that both of those active conflicts would be far more catastrophic if nuclear weapons were introduced into them. Their efforts helped to end atmospheric testing of nuclear weapons, which, in certain cases, had poisoned people and the environment. The United States could insist on robust controls for artificial intelligence in the launch processes of nuclear weapons.

Persons: We’ve, Vladimir Putin, Biden, Hennigan, aren’t, Donald Trump, I’ve, “, —, Jamie Dimon, JPMorgan Chase Organizations: New York Times, JPMorgan Locations: Ukraine, United States, Russia, Iran, China, Poland, Japan, Saudi Arabia

☆ Opinion: Mitch McConnell’s unconditional surrender
▼ + stars: | 2024-02-29 | by ( Julian Zelizer | ) edition.cnn.com time to read: +9 min

CNN —Mitch McConnell has bowed to political reality and announced that he is relinquishing his role as leader of Senate Republicans. (Chao served as transportation secretary under former President Donald Trump, before quitting the post following the January 6, 2021 attack on the US Capitol.) The anti-Trump coalition within the Republican Party is small and hanging on by a thread, and there is little chance of that changing in the short term. Now, one of Haley’s most generous benefactors, the conservative political action committee Americans for Prosperity, funded by the Koch network, has withdrawn its funds. And now, like other Trump opponents, Romney finds himself heading for the exit at the end of his current term.

Persons: Julian Zelizer, Mitch McConnell, McConnell, Elaine Chao, Chao, Donald Trump, ”, It’s, he’s, invectives, MAGA, Trump, Merrick Garland, Barack Obama’s, — McConnell, SCOTUS, Roe, Wade, Dobbs, Lindsey Graham, Sen, Dick Durbin, —, that’s, Gingrich’s, Nikki Haley, Haley, couldn’t, Koch, Mitt Romney, Romney, convicting Trump, Trump’s, Romney’s Organizations: CNN, Princeton University, The New York Times, America, Republicans, Julian Zelizer CNN, Trump, Ukraine, GOP, Republican Party, Republican, NATO, Tea Party, MAGA, UN, Prosperity, Old Party Locations: Washington, life’s, Ukraine, Israel, Taiwan, Kentucky, South Carolina, Utah

☆ Dysfunctional Week Exposes the Fissures, Fractures and Fault Lines Across the GOP
▼ + stars: | 2024-02-09 | by ( Lauren Camera | ) www.usnews.com time to read: +8 min

“The Republican Party is not really a conservative party anymore – it’s a populist party,” he says. “What are the incentives for conservatives to take these positions?” asks Joshua Huder, senior fellow at Georgetown University’s McCourt School of Public Policy. “This Republican Party is spiraling out of control. Last week, the RNC reported its lowest fundraising totals in 10 years, entering 2024 with just $8 million in cash on hand. Prosecutors are seeking $370 million – a loss that has the potential to ruin him financially ahead of the November election.

Persons: Donald Trump, “, Trump, ”, David Barker, –, Mike Johnson, Alejandro Mayorkas, Johnson couldn’t, Joshua Huder, Georgetown University’s, Johnson, Sen, Chris Murphy, it's Donald Trump –, who’s, Mitch McConnell’s, – Sen, Ted Cruz, Mike Lee of Utah, Ron Johnson of, Mitch ” trended, intraparty, Mitch McConnell, ” Huder, I’m, Ronna McDaniel, isn’t, Joe Biden Organizations: Republican National Committee, Republican, Republican Party, American University, Center, Congressional, Presidential, Republicans, Homeland, Israel, Georgetown, Georgetown University’s McCourt School of Public, Senate, Connecticut Democrat, RNC, South Carolina, U.S ., Trump, Capitol, Prosecutors Locations: Connecticut, Ted Cruz of Texas, Ron Johnson of Wisconsin, underperformed, Washington, Manhattan

☆ Global powers have a plan to use $250 billion in frozen Russian funds to help rebuild Ukraine
▼ + stars: | 2024-02-05 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussia's frozen assets could finally have a role in funding Ukraine, used as collateral in a new debt scheme under Western consideration, sources told the Financial Times. "Of course, the Russian Federation will challenge such decisions, we will protect our interests and our assets illegally seized," spokesman Dmitry Peskov said. Meanwhile, US brinkmanship is keeping Washington sidelined, with further Ukraine funding unlikely ahead of the electionSome, such as former Treasury Secretary Larry Summers, have called to transfer Russia's reserves directly to Ukraine. The German government has instead supported seizing the returns generated by the assets, but leave the underlying reserves untouched.

Persons: —, Dmitry Peskov, it's, Larry Summers Organizations: Service, Financial Times, Business, Russian Federation, Western, European Union, EU Locations: Ukraine, Moscow, Russia, Russian, Belgian, Washington

Johnson has been under intense pressure from Republican hard-liners, who see the new speaker’s dealmaking with Democrats as anathema to their conservative agenda. And overriding their concerns to pass the short-term funding package with help from the majority of Democrats does little to help his case. Moreover, he argued, working with Democrats and brokering a deal – even if it’s not the one he wants – is necessary given their shrinking majority. Come Monday, their majority will shrink to 217 – the smallest Republican majority in the history of Congress – as Rep. Bill Johnson of Ohio resigned to accept a job as a university president. “Here we are again, with House Democrats once again providing the votes to avert a costly shutdown.

Persons: Mike Johnson, –, ”, Chuck Schumer, Johnson, it’s, Bill Johnson of, Schumer, Brendan Boyle, Marjorie Taylor Greene, Chip Roy, Eli Crane of, Crane, – appropriators Organizations: Republican, Caucus, Republican Party, GOP, House Democrats, ”, House Republicans, Texas, Senate Locations: Bill Johnson of Ohio, Marjorie Taylor Greene of Georgia, Eli Crane of Arizona, Ukraine, Israel, Taiwan

☆ How 3 big Supreme Court cases could derail the government
▼ + stars: | 2023-11-29 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

On Wednesday, the Supreme Court is hearing a case challenging the authority of federal agencies. AdvertisementThree major Supreme Court cases could upend the way the government works — and put Americans' federal benefits and consumer protections at risk. These are the other big cases to follow on the Supreme Court's docket. AdvertisementChanging how the federal government is allowed to make regulationsAnother Supreme Court challenge has big implications for the way all federal agencies function. AdvertisementThe Supreme Court will likely issue final decisions on these cases by June.

Persons: —, George Jarkesy, Jarkesy, Sheila Bair, Loper, Raimondo Organizations: Service, SEC, Securities and Exchange Commission, Center, American Progress, Social Security, Social Security Administration, Financial, Community Financial Services Association of America Ltd, Federal, Fifth Circuit, Federal Deposit Insurance, Loper Bright Enterprises, National Marine Fisheries Locations: Chevron

The U.S. government narrowly averted shutting down—again. WSJ explains why the growing divide in Congress is leading to threats of a shutdown nearly every year. Photo illustration: Madeline MarshallWASHINGTON—Congressional shutdown brinkmanship is taking a break, but it could be back with a vengeance soon. Faced with a government-funding deadline this weekend, House lawmakers of both parties agreed Tuesday to back a short-term plan that simply extends the status quo until early next year, rather than stage another bare-knuckle fight now over spending and policy priorities.

Persons: —, Madeline Marshall WASHINGTON Organizations: Congressional

WSJ explains why the growing divide in Congress is leading to threats of a shutdown nearly every year. Photo illustration: Madeline MarshallWASHINGTON—Congressional shutdown brinkmanship is taking a break, but it could be back with a vengeance soon. Faced with a government-funding deadline this weekend, House lawmakers of both parties agreed Tuesday to back a short-term Republican plan that extends the status quo until early next year, rather than stage another bare-knuckle fight now over spending and policy priorities. The far-less-pugnacious Senate followed Wednesday, approving the proposal 87 to 11. The bill now goes to President Biden for his signature.

Persons: —, Madeline Marshall WASHINGTON, Biden Organizations: Congressional

☆ New GOP Speaker Needs Democrats’ Help to Avert Shutdown
▼ + stars: | 2023-11-14 | by ( Katy Stech Ferek | ) www.wsj.com time to read: +1 min

The U.S. government narrowly averted shutting down—again. WSJ explains why the growing divide in Congress is leading to threats of a shutdown nearly every year. Photo illustration: Madeline MarshallWASHINGTON—House lawmakers were guardedly optimistic that they would pass a Republican proposal to temporarily extend government funding and avoid a partial shutdown this weekend, with Speaker Mike Johnson (R., La.) counting on a wave of Democratic votes to offset GOP defections. One wrinkle: The measure will require a two-thirds supermajority for approval, after Johnson was forced to use a special procedure to bypass internal GOP opposition.

Persons: —, Madeline Marshall, Mike Johnson, Johnson Organizations: —, Republican Locations: Ukraine

☆ Lawmakers are set to vote to avert a government shutdown. Here’s what it means for markets
▼ + stars: | 2023-11-14 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Washington may be able to avoid a government shutdown by the upcoming Friday deadline, but that doesn't mean Congress — or the markets — are quite in the clear. House Speaker Mike Johnson said on CNBC's " Squawk Box " on Tuesday that he expects enough lawmakers on both sides to pass his two-step "laddered" continuing resolution. The continuing resolution plan would extend federal funding for some government agencies until mid-January, while other agencies would be funded through early February. The House is expected to vote on the continuing resolution around 4:30 p.m. That doesn't mean that you're not going to have the showdown — it just means that this is the prologue," Salisbury said.

Persons: Mike Johnson, Chuck Schumer, Mitch McConnell, Israel, Goldman Sachs, Jan Hatzius, Benjamin Salisbury, Salisbury, Brian Gardner, Gardner, It's, Eric Diton, Diton, We've, we've, — CNBC's Michael Bloom, Chelsey Cox Organizations: Freedom Caucus, Democrats, Wall, Government shutdowns, Wealth Alliance, Moody's, Service Locations: Washington, Salisbury

☆ Moody's warning on the massive U.S. debt burden has turned into a nonevent
▼ + stars: | 2023-11-13 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Michael M. Santiago | Getty ImagesThere was a time when bad news about U.S. debt would send markets into a tailspin, but not this month. Markets on Monday shrugged at a warning Friday from Moody's Investor's Service that it was lowering its ratings outlook on Treasurys. But with the domestic fiscal and political mess seemingly old news, the ratings service saber-rattling just doesn't seem to have the same impact. "There's no piercing insight from Moody's that they have proprietary information that nobody knows about the U.S. government. watch nowIndeed, no one has to tell investors about the $33.7 trillion U.S. debt and the $1.7 trillion deficit in fiscal 2023.

Persons: Michael M, Fitch, There's, Michael Reynolds Organizations: New York Stock, Santiago, Moody's Investor's, Poor's, U.S, Glenmede Investment Management, . Locations: New York City, Washington, Wall

☆ Government shutdown looms as new speaker struggles to control hardliners
▼ + stars: | 2023-11-13 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

The move could head off the Washington holiday-season tradition of shutdown dramas and mammoth all-encompassing spending bills. But the chances that a GOP majority that has trouble passing any bill could deliver on this intricate plan seem very low. Time is critically short given the need to muscle a funding measure through both the House and Senate in five days. Trump looms over the House – and the year to comeHouse Democrats are yet to solidify their position but did note Saturday that spending cuts weren’t included in Johnson’s plan. Johnson pleads for a break from his hardlinersAs with the White House, Johnson’s language explains his strategy.

Persons: Mike Johnson, Kevin McCarthy —, Johnson, “, Chip Roy, McCarthy, Jabin Botsford, Jabin, haven’t, Ukraine’s, —, ”, Karine Jean, Pierre, Joe Biden, Donald Trump, — Biden, Trump, Jack Smith, Marjorie Taylor Greene, ” Greene, Biden, Republicans —, Connecticut Democratic Sen, Chris Murphy, ” Murphy, Murphy Organizations: CNN, New, Republican, Washington, GOP, CRs, Democratic, White, Caucus, Texas Rep, Getty, Washington Post, Senate, Internal Revenue Service, Republicans, Democrats, Trump, Connecticut Democratic, Press Locations: Louisiana, Washington, DC, Washington ,, Israel, Gaza, Marjorie Taylor Greene of Georgia, Connecticut

☆ Moody's just reignited concerns about the US debt mountain. Here's what that means for the troubled Treasury-bond market.
▼ + stars: | 2023-11-13 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Moody's lowered its outlook for the US's credit rating to negative Friday. Negative credit outlookMoody's cut its outlook for the US's credit rating to negative Friday. The US's deficit: The US's debt pile is likely to "remain very large", per Moody's. The US's debt pile is likely to "remain very large", per Moody's. By stoking up worries about the government's massive debt pile, Moody's threatened to make a bad week worse – but the market reaction to it slashing its outlook has so far been muted.

Persons: Moody's, —, That's, Fitch, Biden, Karine Jean, Pierre, Hargreaves, Susannah Streeter Organizations: Treasury, Service, AAA, AA, Poor's, Federal, Treasury Department, Congress, White, Veterans Day Locations: Washington, British

Moody's is the last of the three major rating agencies to maintain a top rating for the U.S. government. Fitch changed its rating from triple-A to AA+ in August, joining S&P which has had an AA+ rating since 2011. “While the statement by Moody’s maintains the United States’ AAA rating, we disagree with the shift to a negative outlook. The sharp rise in Treasury yields "has increased pre-existing pressure on US debt affordability," Moody's said. “Moody’s just downgraded our credit rating outlook to negative because of our out-of-control government spending and deficits," hardline Republican Representative Andy Harris said on X, formerly known as Twitter.

Persons: Shannon Stapleton, Joe Biden's, Fitch, Moody's, Karine Jean, Pierre, Moody’s, Wally Adeyemo, Adeyemo, Biden, Quincy Krosby, Donald Trump, Mike Johnson, “ Moody’s, Andy Harris, ”, Richard Rohan Francis, Davide Barbuscia, Andrea Shalal, David Morgan, Caroline Valetkevitch, Ira Iosebashvili, Megan Davies, Shilpi Majumdar, Shounak Dasgupta, David Gregorio, Chris Reese Organizations: REUTERS, . House, U.S ., Aaa, White, Republican, States ’ AAA, Treasury, Reserve, LPL, New York Times, Republicans, Democratic, Thomson Locations: New York City, U.S, WASHINGTON, American, Siena, Nevada , Georgia, Arizona , Michigan, Pennsylvania, Trump, Wisconsin

The White House is seen at dusk on September 30, 2023 in Washington, DC. Moody's Investors Service on Friday lowered its ratings outlook on the United States' government to negative from stable, pointing to rising risks to the nation's fiscal strength. The ratings agency has affirmed the long-term issuer and senior unsecured ratings of the U.S. at Aaa. Moody's move to cut its outlook arrives as Congress faces the looming threat of a government shutdown once more. "Moody's decision to change the U.S. outlook is yet another consequence of Congressional Republican extremism and dysfunction," White House press secretary Karine Jean-Pierre said in a statement.

Persons: Moody's, Wally Adeyemo, Mike Johnson, Karine Jean, Pierre, Fitch Organizations: Moody's, Aaa, United States, Republican, White, Democratic, AAA Locations: Washington ,, United States, Washington, United, American, Jan, U.S

WASHINGTON (AP) — The credit rating agency Moody’s Investors Service lowered its outlook on the U.S. government's debt on Friday to “negative” from “stable,” citing the cost of rising interest rates and political polarization in Congress. Moody's retained its top triple-A credit rating on U.S. government debt, though it is the last of the three major credit rating agencies to do so. A reduced outlook, however, raises the risk that Moody's could eventually strip its triple-A rating from the U.S. as well. A lower rating on U.S. debt could cost taxpayers if it leads borrowers to demand higher interest rates on Treasury bills and notes. Analysts have warned that with interest rates heading higher, interest costs on the national debt will eat up a rising share of tax revenue.

Persons: Moody's, Fitch, Biden, Moody’s, Wally Adeyemo, “, ” Moody's Organizations: WASHINGTON, Moody’s Investors Service, Fitch, AAA, Poor's, Treasury, States ’ Aaa Locations: American, Washington, U.S

But Johnson told Fox News in an interview late on Thursday that House Republicans want "certain conditions" attached to any stopgap bill. "We need a path forward," said Representative Steve Womack, a senior Republican member of the House Appropriations Committee. Meanwhile, the House and Senate must deal -- in one fashion or another -- with the 12 regular spending bills funding government activities for the fiscal year. For months, many Republicans had opposed such a measure, arguing it simply enshrines spending priorities written last year by Democrats, who controlled the House, Senate and White House. SENATE PROGRESSThe Senate, following long delays imposed by a few Republicans, moved ahead with three of its 12 bipartisan funding bills.

Persons: Kevin Wurm, Mike Johnson, Johnson, Johnson's, Kevin McCarthy, Steve Womack, Womack, Joe Biden, Thomas Massie, Chuck Schumer, Schumer, Hakeem Jeffries, dealmaking, Andy Biggs, Richard Cowan, David Morgan, Scott Malone, Richard Chang, Daniel Wallis Organizations: U.S, Capitol, REUTERS, Rights, U.S . House, Fox News, Republicans, Republican, Democratic, Biden, White, Defense Department, federal Social Security, Top, Christian, Thomson Locations: Washington , U.S, U.S, Israel, Ukraine, Mexico, Washington

"In the interests of ensuring the security of our country, we are withdrawing the ratification of the Comprehensive Nuclear Test Ban Treaty," Duma Speaker Vyacheslav Volodin said ahead of a debate and parliamentary vote on revoking ratification. While Russia is revoking ratification, it would remain a signatory and would continue to cooperate with the test ban treaty organisation and the global monitoring system, which alerts the world to any nuclear test. Post-Soviet Russia has never carried out a nuclear test. "I hear calls to start testing nuclear weapons, to return to testing," Putin said on Oct. 5. Since the CTBT, 10 nuclear tests have taken place.

Persons: Putin, Vladimir Putin, Vyacheslav Volodin, Volodin, Guy Faulconbridge, Robert Birsel Organizations: Comprehensive, Russian Federation, U.S, Soviet Union, United Nations, Cuban Missile, U.S . Congress, Thomson Locations: Russia, United States, MOSCOW, Washington, Soviet Russia, Soviet Union, China, Ukraine, Moscow, Beijing, India, Pakistan, North Korea

High funding needs and central banks removing support are increasing pricing uncertainty for investors, Sophia Drossos, hedge fund Point72 Asset Management's chief economist, said. Spending plans lacking credibility were seen as most likely to spark market turmoil. I suspect not by default, but when markets start reflecting their worries in Treasury prices, by a political crisis and a potentially ugly adjustment," the former IMF chief economist said. "We need more investment, not less," said King's College London professor Jonathan Portes, Britain's cabinet office chief economist during the financial crisis. Not enough reforms are being implemented, OECD chief economist Clare Lombardelli warned.

Persons: Andrew Kelly, Peter Praet, Praet, Sophia Drossos, Daniel Ivascyn, Claudio Borio, Olivier Blanchard, Ray Dalio, Janet Yellen's, Yellen, Jim Leaviss, Giancarlo Giorgetti, Daleep Singh, Joe Biden, Britain's, Yellen's, Jonathan Portes, Clare Lombardelli, Moritz Kraemer, Yoruk Bahceli, Maria Martinez, Leigh Thomas, Giuseppe Fonte, Nell Mackenzie, Naomi Rovnick, William Schomberg, Jan Strupczewski, Dan Burns, Elisa Martinuzzi, Riddhima Talwani, Jayaram, Emelia Sithole Organizations: Financial, of, REUTERS, Institute of International Finance, Reuters, European Central Bank, ECB, Bank for International, Peterson Institute for International Economics, Associates, U.S . Treasury, Wall, Economy, Britain's Treasury, Congressional, Britain's, Institution, Reuters Graphics ACT, King's College London, Labour Party, OECD, Graphics, Thomson Locations: of Manhattan , New York City, U.S, Italy, Britain, United States, Europe, Ukraine, Berlin, Paris, Rome, London, Brussels, Washington, Marrakech

High funding needs and central banks removing support are increasing pricing uncertainty for investors, Sophia Drossos, hedge fund Point72 Asset Management's chief economist, said. Spending plans lacking credibility were seen as most likely to spark market turmoil. I suspect not by default, but when markets start reflecting their worries in Treasury prices, by a political crisis and a potentially ugly adjustment," the former IMF chief economist said. Italy's 2.4 trillion-euro debt pile is the focus in Europe, where the IMF has said high debt leaves governments vulnerable to crisis. "We need more investment, not less," said King's College London professor Jonathan Portes, Britain's cabinet office chief economist during the financial crisis.

☆ 'Higher for longer' isn't just about rates: Here's how to play elevated everything
▼ + stars: | 2023-10-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Each "higher for longer" item carries investment implications. Here's a look at how each category breaks down: Interest rates "I do subscribe to the new moniker, 'higher for longer.' That statement came from someone who nevertheless thinks the central bank doesn't have to take rates any higher than where they are now. Defense spending Geopolitical tensions, such as the wars in Ukraine and Israel, as well as the "cold war in Asia," should lead to an increase in defense spending around the world. In 2022, global defense spending hit a record $2.2 trillion, Quinlan said, citing Stockholm International Peace Institute data.

Persons: Joseph Quinlan, Merrill Lynch, Quinlan, Patrick Harker Organizations: Federal Reserve, Bank of America Private Bank, Philadelphia Fed, Investors, Defense, Stockholm International Peace Institute Locations: Israel, U.S, Ukraine, Asia, Stockholm, Washington

☆ US credit downgrade means junk sovereign bonds now outweigh AAA debt for the first time, Fitch says
▼ + stars: | 2023-10-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Fitch Rating's US downgrade in August has dramatically shifted the debt market's composition. With the US now rated AA+, the amount of outstanding AAA sovereign debt shrank 85% to about $5 trillion. Meanwhile, speculative-grade sovereign debt was little changed at about $6.1 trillion. Without $33 trillion of US debt, AAA debt shrank 85% to about $5 trillion. That narrowed the share of AAA debt to just 6% from over 40%.

Persons: Fitch, — Organizations: AAA, Service, AA, Fitch Locations: Germany, Switzerland, Sweden, Singapore, Moody's

☆ Congressional Showdown: Can Lawmakers Boost Ukraine Aid by $50 Billion—or Even More?
▼ + stars: | 2023-10-09 | by ( Lindsay Wise | ) www.wsj.com time to read: 1 min

President Biden criticized hard-line Republicans in early October over the ‘brinkmanship’ that almost led to a government shutdown. Photo: Yuri Gripas/Bloomberg NewsWASHINGTON—Pro-Ukraine senators from both parties, unnerved by the upheaval in the House, say they want to move quickly to pass a yearlong aid package for the war-torn country that far exceeds the amount of aid requested by President Biden in August and would last through the 2024 election.

Persons: Biden, Yuri Gripas Organizations: Bloomberg News WASHINGTON —

☆ Congressional Showdown: Can Lawmakers Boost Ukraine Aid by $50 Billion—Or Even More?
▼ + stars: | 2023-10-09 | by ( Lindsay Wise | ) www.wsj.com time to read: 1 min

President Biden criticized hard-line Republicans in early October over the “brinkmanship” that almost led to a government shutdown. Photo: Yuri Gripas/Bloomberg NewsWASHINGTON—Pro-Ukraine senators from both parties, unnerved by the upheaval in the House, say they want to move quickly to pass a yearlong aid package for the war-torn country that far exceeds the amount of aid requested by President Biden in August and would last through the 2024 election.

Persons: Biden, Yuri Gripas Organizations: Bloomberg News WASHINGTON —

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