(Bloomberg) -- The US House advanced a long-stalled $95 billion aid package for Ukraine, Israel and Taiwan, a breakthrough signaling an end to an...
-- The US House advanced a long-stalled $95 billion aid package for Ukraine , Israel and Taiwan, a breakthrough signaling an end to an increasingly agonizing wait for Ukraine and US allies in Europe.The pivotal procedural vote Friday signals the funding will prevail on Saturday when the House is scheduled to vote on the bill, which also includes a provision that would force the social media platform TikTok’s Chinese parent company to divest or face a ban in the US.
“I don’t worry. I just do my job,” Johnson said Friday shortly before the vote. “I am not deterred by threats.”Irate conservatives in the House Freedom Caucus attempted to stop the package because it does not condition aid to Ukraine on changes to US border policies. The same conservatives were instrumental in scuttling a border security compromise that emerged in the Senate earlier this year, arguing it was too weak to stem the record flow of illegal migration across the US-Mexico border.
Minority Democrats had to do the same thing in May in order to pass a measure to raise the debt ceiling and prevent a US payment default. Because of the slim Republican majority, that means Johnson would need at least some Democratic support to retain his leadership position. Some Democrats already have said they would back him and more may be willing to do so after the aid package is approved.The $95 billion aid package also contains national security and sanctions provisions with bipartisan support.
On Thursday night, Israel retaliated against Iran in response to the latter's April 13 airstrikes. According to a report from the BBC, explosions were also reported in Iraq and Syria. Crude oil futures remain largely unaffected, to the surprise of some on Wall Street. Yahoo Finance Senior Columnist Rick Newman joins the Morning Brief to break down the conflict between Israel and Iran.
Following escalations between Israel and Iran, bitcoin prices have seen some bounce back in price after dropping from their all-time high in recent weeks. Investors have moved into other assets while the bitcoin halving event approaches this weekend. Yahoo Finance Senior Reporter Ines Ferre breaks down the recent movements in bitcoin and crypto stocks after rising tensions in the Middle East and the advent of bitcoin's halving.
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Ukraine, Israel aid back on track as House pushes toward weekend votesWASHINGTON (AP) — With rare bipartisan momentum, the House pushed ahead Friday on a foreign aid package of $95 billion for Ukraine, Israel, Taiwan and humanitarian support as a coalition of lawmakers helped it clear a procedural hurdle to reach final
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Ukraine, Israel aid back on track as House pushes toward weekend votesWASHINGTON (AP) — With rare bipartisan momentum, the House pushed ahead Friday on a foreign aid package of $95 billion for Ukraine, Israel, Taiwan and humanitarian support as a coalition of lawmakers helped it clear a procedural hurdle to reach final
Read more »