The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

Politics

Schumer looks to expedite $95 billion Israel, Ukraine aid package through Senate

by admin April 23, 2024
April 23, 2024
Schumer looks to expedite $95 billion Israel, Ukraine aid package through Senate

Senate Majority Leader Chuck Schumer, D-N.Y., is looking to quickly pass a $95 billion package with aid to Ukraine, Israel and Taiwan roughly six months after President Biden made his request for additional aid in October 2023.

‘Now it’s the Senate’s turn, and the finish line is now in sight,’ Schumer said in a statement following the House’s passage of separate aid bills for Ukraine, Israel and Taiwan. As part of the package, it also passed a measure requiring the app TikTok to divest from Chinese-owned ByteDance, as well as a measure called the REPO Act, which would allow $5 billion in Russian assets held in U.S. banks to be transferred to Ukraine.

The House passed the measures on Saturday, more than two months after the Senate passed a different version of the foreign aid package. 

With this goal of swift Senate passage in mind, Schumer didn’t wait until the House had approved the package before he began working on it.

‘A few moments ago, Democrats and Republicans locked in an agreement enabling the Senate to finish work on the supplemental with the first vote on Tuesday afternoon,’ the majority leader previewed in his statement. 

‘The task before us is urgent. It is once again the Senate’s turn to make history,’ Senate Minority Leader Mitch McConnell, R-Ky., said in his own statement about the need to pass the aid. 

But as Schumer hopes to expedite the aid bills, discontent on both sides of the aisle threatens to upend his timeline.

According to a source familiar, Sen. Mike Lee, R-Utah, is leading a push to table the so-called ‘amendment tree,’ which would prevent Schumer from predetermining which amendments would be considered. Instead, it would allow senators to take their amendments to the chamber floor in regular order. In Senate terms, ‘filling the amendment tree’ refers to a process by which a certain number and type of amendments are offered under Senate precedents. Once these amendments are offered and the ‘tree is filled,’ no other amendments are allowed.

One of the amendments Lee wants to see implemented in the package is a provision requiring Ukraine to repay the aid, some of which would be granted in the form of a loan, which would be eligible to be forgiven under the House-passed measure.

Sen. Bernie Sanders, I-Vt., is supportive of this effort, signaling potential bipartisan backing, the source said. Sanders dislikes the package for his own reasons and plans to offer his own amendments to it.

Sanders’ two amendments include one to stop ‘unfettered military aid to Netanyahu’s war machine’ and another that would restore funding to the United Nations Relief and Works Agency ‘so that children in Gaza don’t starve.’

If the senators are successful in preventing the amendment tree being filled by Schumer, preventing consideration of other amendments, the voting process would be lengthened. And if any amendments were to pass, the bills would need to be reconsidered by the House.

It’s unclear what level of support they have garnered for this effort. It would take a simple majority of 51 votes to table the amendment tree. 

Despite this opposition to the current package, a senior GOP Senate source told Fox News Digital that the previous aid package for Ukraine, Israel and Taiwan passed with 70 votes. Only 29 voted against it. And while certain changes have been made, the source said the bills are likely to move quickly as Schumer intends.

This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
‘Our Revolution’: Far-left lawmakers host event taking aim at ‘anti-peace’ pro-Israel group
next post
Weak Charts Keep Getting Weaker

Related Posts

Trump inks trade deal with UK, previews China...

May 11, 2025

Kamala Harris offers vague ‘Day 1’ Oval Office...

August 30, 2024

Rosie O’Donnell can’t stop talking about MAGA despite...

March 28, 2025

‘American hero’ or ‘failure’: Elon Musk’s DOGE departure...

May 31, 2025

Multiple letters circulating among House Dems calling on...

July 4, 2024

Biden admin buys into lies about Israel, reversing...

March 6, 2024

Political betting markets still have plenty of action...

November 29, 2024

How can Israel respond to Iran’s brazen attack?

April 15, 2024

Israeli Prime Minister Netanyahu criticizes military’s plans for...

June 17, 2024

‘Gut check time’: Dissent among Senate GOP ranks...

July 10, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Orange juice importer says Brazil tariffs will squeeze American consumers

      July 23, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      July 23, 2025
    • Tech Taps the Brakes, Homebuilders Hit the Gas: See the Rotation on StockCharts Today

      July 23, 2025
    • GOP lawmakers advocate for US condemnation of persecution against Christians in Muslim-majority nations

      July 23, 2025
    • ‘Not going away’: Inside the Epstein drama that’s thrown House GOP into chaos

      July 23, 2025
    • Obama denies Trump’s ‘bizarre allegations’ that he was Russiagate ‘ringleader’ in rare statement

      July 23, 2025

    Categories

    • Business (1,300)
    • Politics (4,060)
    • Stocks (1,538)
    • Uncategorized (45)
    • World News (1,293)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved