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 A look at what's in the $95 billion foreign aid package passed by the House
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The $95 billion foreign aid package passed by the House includes about $61 billion for Ukraine and replenishing weapons stockpiles, $26 billion for supporting Israel and providing humanitarian relief for people in Gaza, and $8 billion for helping U.S. allies in the Indo-Pacific region and countering China. The package is expected to be passed by the Senate in the coming week. Speaker of the House Mike Johnson, R-La., proposed the package to aid Ukraine, Israel, and Taiwan. The overall amount provided to Ukraine for the purchase of weapons would be $13.8 billion, with more than $9 billion of economic assistance in the form of "forgivable loans." About $4 billion of the aid for Israel would be dedicated to replenishing its missile defense systems, and more than $9 billion would go toward humanitarian assistance in Gaza. The aid for U.S. allies in the Indo-Pacific region includes more than $3.3 billion for submarine infrastructure and development, and $1.9 billion to replenish U.S. weapons provided to Taiwan and other regional allies.

#ForeignAid #House #Ukraine #Israel #Gaza #Indopacific #China

https://m.economictimes.com/news/international/world-news/a-look-at-whats-in-the-95-billion-foreign-aid-package-passed-by-the-house/articleshow/109469233.cms