🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

US House Republicans' Israel-only aid bill opposed in Senate, by Biden

Published 10/31/2023, 04:16 PM
Updated 10/31/2023, 09:35 PM
© Reuters. Palestinians search for casualties at the site of Israeli strikes on houses in Jabalia refugee camp in the northern Gaza Strip, October 31, 2023. REUTERS/Anas al-Shareef

By Patricia Zengerle

WASHINGTON (Reuters) -U.S. senators from both parties voiced doubts on Tuesday about House Republicans' plan to provide $14.3 billion in aid to Israel by cutting Internal Revenue Service funding, without providing aid to Ukraine, and Democratic President Joe Biden threatened to veto the bill were it to pass.

In the first major legislative action under new Speaker Mike Johnson, House of Representatives Republicans unveiled a standalone supplemental spending bill only for Israel on Monday.

This is despite President Joe Biden's request for a $106 billion package that would include aid for Israel and Ukraine and funding to boost competition with China in the Indo-Pacific as well as security along the U.S. border with Mexico.

Republicans have a 221-212 majority in the House, but Biden's fellow Democrats control the Senate 51-49. To become law, the bill would have to pass both the House and Senate and be signed by Biden.

The top Senate Democrat said the Republican bill would be dead on arrival in the upper chamber, even if it passed the House.

"The bottom line is it's not a serious proposal," Senate Democratic Majority Leader, Chuck Schumer, told reporters.

The administration said Biden would veto such a bill were it to reach his desk.

"This bill is bad for Israel, for the Middle East region, and for our own national security," the White House's Office of Management and Budget said.

Senator Mitch McConnell, the Republican leader in the Senate said he felt the four issues needed to be addressed.

"We need to treat all four of these areas, all four of them, Ukraine, Israel, Taiwan and the border," McConnell told reporters.

Secretary of State Antony Blinken met with Johnson on Tuesday after testifying in the Senate. At the hearing, Blinken and Secretary of Defense Lloyd Austin said Ukraine needed continued U.S. assistance to win its fight against Russian invaders.

Blinken told reporters: "It was a very good meeting. I appreciate the opportunity. I'll leave our conversation at that."

© Reuters. Palestinians search for casualties at the site of Israeli strikes on houses in Jabalia refugee camp in the northern Gaza Strip, October 31, 2023. REUTERS/Anas al-Shareef

State Department spokesperson Matthew Miller said they had discussed issues including Biden's request for support for Ukraine and Israel.

Republicans are expected to pass the legislation in the House as soon as this week.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.