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  • 00:00[CC may contain inaccuracies] U.S. House of Representatives passing its 40 billion dollar Ukraine aid package has been sent to the Senate. Now it is significantly larger than the 33 billion dollars that had been actually outlined. And by President Biden last month it had enough support in the end to clear the House. The Senate next week is when they have to vote on this. It includes a nineteen point seven billion dollar bill for the Defense Department more than three billion dollars above what the Biden administration was looking for here. We've also got something like eight point seven billion dollars also to replenish weapons stocks given from the Pentagon to Ukraine.
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U.S. House Passes $40 Billion Ukraine Aid Bill

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May 11th, 2022, 4:10 AM GMT+0000

The U.S. House of Representatives passed a more than $40 billion emergency Ukraine spending bill that funds new weapons and provides economic assistance. The legislation now heads to the Senate where approval is likely next week. Rishaad Salamat reports on "Bloomberg Markets: Asia." (Source: Bloomberg)


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