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Biden ramps up Ukrainian military assistance

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3 years ago

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U.S. President Joe Biden is speeding up the process of providing military aid to Ukraine, as the war enters its third month

Biden is vowing to support Ukraine “in their fight to defend their country and their democracy” against Vladimir Putin’s terror.

The bill was passed in the House last month with a 417-10 vote, and unanimously through the Senate, a rare moment of bipartisanship for lawmakers.

The President signed into law S3522, the “Ukraine Democracy Defense Lend-Lease Act of 2022,” making it easier to export military equipment to Ukraine.

Biden sped up military aid to Ukraine on Monday, signing a present-day version of a lending program that helped defeat Hitler’s Germany.

The original Lend-Lease Act let Washington lend or lease weapons to its allies — the new version will allow the same to Ukraine immediately.

Before he signed the bill, Biden said it was time again to form a global force for peace.

“Every day Ukrainians pay with their lives and they fight along with the atrocities that the Russians are engaging in are just beyond the pale. And the cost to the fight is not cheap, but caving to aggression is even more costly. That’s why we’re staying in this.”

The sole condition is repayment at some later date, and the policy will also help other eastern European countries affected by Russia’s invasion.

President Vladimir Putin calls Russia’s actions in Ukraine a “special military operation” to disarm the country and protect it from fascists. Ukraine and the West say the fascism claim is a false pretext for an unprovoked war of aggression by Russia.

The signing came the same day U.S. lawmakers agreed to rush nearly $40 billion in additional aid to Ukraine, according to two sources familiar with the matter.

A proposal for additional COVID-19 funding, which some Democrats wanted to pass along with the emergency Ukraine aid, will now be considered in a separate vote, something Senate Republican Mitch McConnell told reporters he was pleased about.

He had repeatedly advocated for a “clean” Ukraine bill in the Senate.

Both houses of Congress are expected to quickly approve additional funding for Ukraine, which exceeds the $33 billion requested by Biden last month.

The expedited funding comes just as Secretary of State Antony Blinken and Defense Secretary Lloyd Austin urged Congress to act quickly, writing that the military had just enough money to send weapons to Ukraine for the next two weeks.

Reuters

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Carney’s Liberals poised for Canadian election victory

Mark Carney’s Liberals projected to win Canadian election, promising economic reform and a robust stance against Trump.

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17 hours ago

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April 29, 2025

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Mark Carney’s Liberals projected to win Canadian election, promising economic reform and a robust stance against Trump.

In Short

Canadians are likely to re-elect Prime Minister Mark Carney and the Liberal Party, aiming to tackle economic challenges and U.S. relations.

Carney’s leadership has gained voter support, positioning him against Conservative rhetoric and focusing on strengthening Canada’s economy and trade ties.

Canadians are projected to retain the Liberal Party under Prime Minister Mark Carney in the recent national elections.

Carney, a former central banker, is expected to address economic challenges and respond to U.S. President Donald Trump’s claims about Canada’s economy.

The Liberals aim for a fourth term, although it is uncertain if they will secure a majority. Carney took over as Prime Minister following Justin Trudeau’s resignation earlier this year.

The Conservatives were leading by over 20 points in January but the political landscape shifted after Trump’s return. Carney positioned himself as the candidate capable of managing relationships with the U.S. and rebuilding Canada’s economy, which heavily depends on American demand.

Leadership skills

Polling data indicated a turning tide for the Liberals, as voters appreciated Carney’s leadership skills. After a conversation with Trump, Carney mentioned plans to discuss a new economic and security agreement post-election.

He plans to increase military investment while maintaining Canadian sovereignty on key issues like resources and language laws.

Carney has emphasised the need to enhance trade ties with Europe and Asia, aiming to reduce barriers within Canada. With his background in finance during critical periods, he aims to bring confidence back to the economy through tax reforms and targeted spending.

Pierre Poilievre’s Conservative rhetoric reportedly alienated some voters, amplifying support for Carney as the viable choice against Trump’s influence.

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National Top 10 Best Buyers Report: Terry Ryder’s Surprising Picks for Investors

Terry Ryder analyzes the National Top 10 Best Buyers Report, highlighting future capital growth locations like Darwin and Melbourne, while offering tips for first-time investors and an exclusive report discount.

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20 hours ago

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April 29, 2025

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Terry Ryder analyzes the National Top 10 Best Buyers Report, highlighting future capital growth locations like Darwin and Melbourne, while offering tips for first-time investors and an exclusive report discount.


In this episode, Terry Ryder breaks down the National Top 10 Best Buyers Report, sharing how he identifies locations with long-term potential and future capital growth — beyond today’s “hot” markets. Discover why Darwin is a standout and why Melbourne is back on the radar. Plus, get his advice for first-time property investors and an exclusive discount on the report!

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#PropertyInvestment #RealEstate #Hotspotting #InvestmentTips #NationalTop10 #CapitalGrowth #RealEstateAustralia #FirstHomeBuyers

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U.S. Treasury Secretary warns China to urgently fix trade tensions

Treasury Secretary Scott Bessent urges China to reduce trade tensions and warns high tariffs are unsustainable, while expressing optimism for negotiations with India.

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21 hours ago

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April 29, 2025

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Treasury Secretary Scott Bessent urges China to reduce trade tensions and warns high tariffs are unsustainable, while expressing optimism for negotiations with India.


Treasury Secretary Scott Bessent has put the pressure firmly on China to take steps to reduce escalating trade tensions, stressing the heavy reliance of China’s economy on exports to the United States.

Bessent warned that current high tariff levels are unsustainable and shared optimism about negotiation breakthroughs with other nations, notably a potential trade deal with India.

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#TradeTensions #ScottBessent #ChinaTrade #GlobalEconomy #TickerNews #Tariffs #EuroSurge #IndiaDeal

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