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Senate releases $118 billion bipartisan aid proposal for Israel, Ukraine, border security

2024-02-05 13:20:26       source:CNBC

February 4, 2024

Senators on Sunday released the details of a $118.2 billion bipartisan aid proposal for Ukraine, Israel and the southern U.S. border, after months of painstaking, closed-door negotiations.

The long-awaited bill requests $60.1 billion for Ukraine aid, $14.1 billion for Israel and $20.2 billion to improve security at the U.S. border. It also includes smaller pockets of funding for humanitarian assistance in war-torn regions, and defense operations in the Red Sea and Taiwan.

President Joe Biden initially proposed a more than $105 billion aid package in October. The Senate’s new deal roughly matches the funding proportions Biden had requested for Ukraine, Israel and Taiwan.

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