World

White House: US to stop funding Ukraine as world’ largest economy runs out of resources

In a letter to Republican House Speaker Mike Johnson and other congressional leaders on Monday, White House budget director Shalanda Young issued a warning: the United States was running out of time and resources to support Ukraine in its conflict with Russia.

In October, the administration of US President Joe Biden requested nearly $106 billion from Congress to support its expansive plans for Israel, Ukraine and US border security.

With a slim majority, Republicans control the House of Representatives, and some lawmakers leaning to the right now find funding for Ukraine to be politically divisive.

In a letter made public by the White House, Young stated that stopping the supply of money and weapons to Ukraine would make Russian victories more likely.

“I want to be clear: without congressional action, by the end of the year we will run out of resources to procure more weapons and equipment for Ukraine and to provide equipment from US military stocks,” she wrote. “There is no magical pot of funding available to meet this moment. We are out of money — and nearly out of time.”

Also Read: “All roadside non-veg stalls should be shut down immediately”: Rajasthan BJP MLA Balmukund Acharya

Shivanshi Srivastava

Recent Posts

India Strengthens Economic Ties With EFTA: A New Era Of Growth And Partnership

India’s growing partnership with the European Free Trade Association (EFTA) offers promising opportunities for economic…

8 mins ago

Apple’s Projected Revenue Surge In 2024, Driven By iPhone 16e Launch

Apple is set to generate an estimated $11 billion in revenue from iPhone sales this…

14 mins ago

PM Modi Emphasizes Leadership’s Role In National Progress At SOUL Conclave

PM Modi highlighted vital role of leadership in driving national progress, stressing need for a…

25 mins ago

Uttar Pradesh Chief Minister Highlights Growth Plans to Achieve $1 Trillion Economy Goal

UP CM Yogi Adityanath reaffirmed the state's commitment to reaching a $1 trillion economy by…

34 mins ago

NPS AUM Set To Double, Expected To Reach Rs 29.5 Lakh Crore In 5 Years

The National Pension System (NPS) is poised for significant growth, with AUM expected to more…

48 mins ago

NCS Portal Hits Milestone, Mobilizes Over 440 Million Vacancies And Registers 4 Million Employers

India’s National Career Service (NCS) portal has made significant strides in connecting job seekers and…

59 mins ago