• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Speaker Johnson reveals $17 billion Israel aid bill, says Senate ‘will no longer have excuses’
Economy

Speaker Johnson reveals $17 billion Israel aid bill, says Senate ‘will no longer have excuses’

by February 4, 2024
by February 4, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Speaker Mike Johnson, R-La., is putting legislation on the House floor next week to give Israel $17.6 billion in emergency funding.

The timing is notable given that Senate and White House negotiators are expected to release legislative text this weekend for a border security compromise in addition to President Biden’s $106 billion supplemental funding request for Ukraine, Israel, humanitarian causes and other issues.

In a letter sent to Republican colleagues on Saturday, Johnson criticized the House GOP majority’s exclusion from those talks and argued they were not moving fast enough to help Israel in its war against Hamas.

‘While the Senate appears poised to finally release text of their supplemental package after months of behind closed doors negotiations, their leadership is aware that by failing to include the House in their negotiations, they have eliminated the ability for swift consideration of any legislation,’ Johnson warned.

‘Given the Senate’s failure to move appropriate legislation in a timely fashion, and the perilous circumstances currently facing Israel, the House will continue to lead. Next week, we will take up and pass a clean, standalone Israel supplemental package.’

One of the first House votes Johnson held as speaker was a standalone Israel funding bill for roughly $14 billion, the amount requested by Biden in his supplemental aid package. However, that bill would have offset the funds by taking them from money allocated toward the Internal Revenue Service (IRS) — a move lauded by GOP hardliners.

But Senate Majority Leader Chuck Schumer, D-N.Y., refused to take the bill up and accused Johnson of mixing ‘a poison pill’ with Israel aid. 

‘During debate in the House and in numerous subsequent statements, Democrats made clear that their primary objection to the original House bill was with its offsets,’ Johnson wrote on Saturday. ‘The Senate will no longer have excuses, however misguided, against swift passage of this critical support for our ally.’

He said the legislative text would be released on Saturday afternoon by Rep. Ken Calvert, R-Calif., chairman of the House Appropriations Committee’s subcommittee on defense spending.

Republicans have demanded strict border and immigration policy changes in exchange for supporting funds for Ukraine, an issue a growing number of GOP lawmakers have been wary of. Biden’s supplemental funding request includes roughly $60 billion to help Kyiv fight off Russia’s invasion. 

But Johnson and dozens of members of his conference have suggested they’ll likely oppose the compromise. Most have signaled they will not accept less than the measures in H.R. 2, the House GOP border bill that Democrats called a nonstarter. 

Johnson and others have also called on Biden to use his executive authority to shut down the border, while the White House has insisted a legislative fix is necessary and have accused the House GOP of using the border as an election issue.

Schumer said earlier this week that he aims to have a vote on the Senate’s package by Wednesday.

This post appeared first on FOX NEWS
You Might Also Like
  • Britain could recognize independent Palestinian state before one is officially created, UK diplomat says
  • DeSantis says Trump is ‘high risk,’ ‘low reward’ GOP presidential nominee
  • Trump takes aim at ‘crooked’ Biden student loan plan after Supreme Court decision: ‘Trying to buy votes’
  • Abortion, Trump won’t hurt Republican turnout in 2024, says female GOP lawmaker
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Generals March On, but Fewer Troops are Following – Get the Essential Breadth Indicator ChartList
next post
U.S. economy added 353,000 jobs in January, much better than expected

You may also like

UK election exit polling suggests Labour is headed for landslide...

July 5, 2024

McCarthy’s speakership in peril after House passes stopgap funding bill:...

October 1, 2023

Consumer Confidence Rose and Inflation Expectations Fell in December

December 21, 2022

First round of US-made F-16s land in Ukraine as war...

August 1, 2024

Navy shoots down ballistic missiles launched by Iran-backed Houthis in...

December 27, 2023

Texas Rep. Crenshaw blasts Biden on border, fentanyl as dealer...

February 16, 2023

US must expand nuclear arsenal in face of Russia and...

July 30, 2024

Congressman urges DOJ to probe suspected Iran ‘kill list’ targeting...

June 12, 2023

Wisconsin bail amendment headed to ballot box in April

January 19, 2023

TAMMY BRUCE: An open letter to the Kennedys who turned...

August 25, 2024

    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.

    Recent Posts

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025
    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Disclaimer: RoundTableThoughts.com, 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 © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Biden admits Inflation Reduction Act had...

    August 11, 2023

    Border Patrol catches three child sex...

    February 10, 2023

    Former Democrat Tulsi Gabbard endorses Trump...

    August 26, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here