• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Biden administration announces $988M in aid to Ukraine on same day Trump meets with Zelenskyy in Paris

by December 8, 2024
written by December 8, 2024

The Biden administration on Saturday announced a $988 million aid package to Ukraine to ensure it ‘has the tools it needs to prevail in its fight against Russian aggression.’ 

‘This administration has made its choice. And so has a bipartisan coalition in Congress. The next administration must make its own choice,’ Defense Secretary Lloyd Austin said Saturday at the Reagan National Defense Forum in California. ‘But, from this library, from this podium, I am confident that President Reagan would have stood on the side of Ukraine, American security and human freedom.’ 

The aid package is provided through the Ukraine Security Assistance Initiative and ‘will provide Ukraine with munitions for rocket systems and unmanned aerial systems,’ a release from the administration said. ‘This package also includes support for maintenance and repair programs to help Ukraine reconstitute its forces and build and sustain combat power.’ 

The announcement came as President-elect Trump met with Ukrainian President Volodymyr Zelenskyy while at a ceremony commemorating the reopening of the Notre Dame Cathedral in Paris on Saturday after a devastating fire there in 2019. 

During the campaign, Trump and running mate JD Vance heavily criticized the Biden administration’s support for Ukraine after Russia’s 2022 invasion, and Trump said he would end the war before even entering office without offering further details. 

Vance also suggested earlier this year that the best way to end the war was for Ukraine to cede the land Russia has seized and for a demilitarized zone to be established, a proposal Ukrainian President Volodymyr Zelenskyy flatly rejected. 

Recently, Zelenskyy has said he is more open to negotiations in the war and has called for Ukraine to be allowed to join NATO. 

The Biden administration has committed to giving Ukraine as much aid as possible before Trump takes office in January. 

‘In September, the president announced a surge in security assistance for Ukraine to put Ukrainian forces in the strongest possible position before he leaves office,’ National Security Advisor Jake Sullivan said in a statement Monday while announcing $725 million in aid to Ukraine. 

‘Between now and mid-January, we will deliver hundreds of thousands of additional artillery rounds, thousands of additional rockets and other critical capabilities to help Ukraine defend its freedom and independence.’ 

Last month, U.S. Secretary of State Antony Blinken said, ‘President Biden has committed to making sure that every dollar we have at our disposal will be pushed out the door between now and Jan. 20.’ 

Saturday’s announcement marks the administration’s 22nd aid package through the Ukraine Security Assistance Initiative. 

This week, House Speaker Mike Johnson rejected a request by the administration for Congress to authorize $24 billion in additional funding.

‘It is not the place of Joe Biden to make that decision now,’ Johnson said. ‘We have a newly elected president, and we’re going to wait and take the new commander in chief’s direction on all that. So, I don’t expect any Ukraine funding to come up now.’

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump, Prince William sit down for meeting in Paris after Notre Dame ceremony
next post
Trump responds after rebels overtake Syria, ousting longtime dictator: ‘Assad is gone’

related articles

From Biden’s ‘war’ on gas prices to ‘small...

March 13, 2026

US diplomatic facility in Iraq struck by drone

March 13, 2026

From Biden’s ‘war’ on gas prices to ‘small...

March 13, 2026

171 million travelers face airport delays as Democrats’...

March 13, 2026

FDA launches new AI-powered system to track drug...

March 13, 2026

Cornyn reverses on filibuster stance to push Trump’s...

March 13, 2026

DAVID MARCUS: Sen Thune has no idea how...

March 13, 2026

Trump touts 5-0 sweep by endorsed candidates in...

March 13, 2026

US destroys 16 Iranian mine boats as Strait...

March 13, 2026

House GOP urges Trump to choke off Iran...

March 13, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Dollar General is shaking off tariff fears and winning over higher-income consumers

    June 4, 2025
  • Trump asks Supreme Court for urgent ruling on tariff powers as ‘stakes could not be higher’

    September 4, 2025
  • Benjamin Harrison won the White House by receiving the electoral majority, but losing the popular vote

    August 20, 2024
  • SEC issues summons for Gautam Adani, nephew on bribery allegations

    November 25, 2024
  • Why is Nvidia stock soaring over 5% today?

    February 7, 2026

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025

Categories

  • Economy (829)
  • Editor's Pick (8,376)
  • Investing (1,189)
  • Stock (981)

Latest Posts

  • Best stocks to invest in as Hormuz crisis sends oil majors higher

    March 11, 2026
  • SCOOP: House GOP memo highlights Republican wins in Trump’s ‘big, beautiful bill’

    May 23, 2025
  • Netflix stock slips 5% after earnings: why analysts are cutting targets

    January 22, 2026

Recent Posts

  • S&P 500 and Nasdaq close to erasing last week’s losses

    September 13, 2024
  • Trump impeachment Dem pushes back on GOP concerns over possible role in assassination attempt probe

    July 26, 2024
  • Top insurance company in hot seat as blistering new ad campaign exposes ‘radical woke ideology’

    October 1, 2025

Editor’s Pick

  • Rio Tinto considers $32 billion acquisition of Canadian mining giant Teck Resources

    July 12, 2024
  • Reagan-appointed judge, once rebuked by Supreme Court, continues to lambaste Trump

    October 2, 2025
  • Ripple and Tron: Ripple faces new resistance on Thursday

    September 12, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock