The military remains deeply overdrawn and needs at least $10 billion to replenish all the weapons it has pulled from its stocks to help Kyiv in its desperate fight against Russia.
after finding some cost savings in its contracts, even though the military remains deeply overdrawn and needs at least $10 billion to replenish all the weapons it has pulled from its stocks to help Kyiv in its desperate fight against Russia, the White House announced Tuesday.
US officials have insisted for months that the United States wouldn't be able to resume weapons deliveries until Congress provided the additional replenishment funds, which are part of the stalled supplemental spending bill.
Senior defense officials who briefed reporters said the Pentagon was able to get cost savings in some of those longer-term contracts of roughly $300 million and, given the battlefield situation, decided to use those savings to send more weapons.The officials said the cost savings basically offset the new package and keep the replenishment spending underwater at $10 billion.
"This is not a sustainable way to support Ukraine," said Maj. Gen. Pat Ryder, Pentagon press secretary, calling it a "one time good deal" that officials can't plan on occurring again. House Speaker Mike Johnson has so far refused to bring the $95 billion package, which includes aid for Ukraine, Israel and Taiwan, to the floor.
President of Ukraine, Volodymyr Zelensky speaks to the media during a joint press conference with President of Turkey, Recep Tayyip Erdogan on March 08, 2024 in Istanbul, Turkey.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
All eyes on GQG co-founder Rajiv Jain; $300 million block tippedSources said Macquarie Capital’s desk, in particular, has been testing market appetite.
Read more »
Industrial property hits $300 billion and will surge ahead of offices, CBRE report showsThe value of prime industrial property is expected to surge above $400 billion over the next decade, a CBRE report says.
Read more »
Ukraine war briefing: Russian forces occupying Ukraine use torture as ‘policy’, says UN expertAlice Jill Edwards says 90% of Ukraine’s 103,000 open cases relating to war crimes and crimes against humanity are registered as torture cases – what we know on day 745
Read more »
Russia-Ukraine war live: British foreign minister says he opposes sending western troops to UkraineDavid Cameron says placing foreign soldiers would provide targets for Russia, even if on training missions
Read more »
Future Super keeps an ear out for potential buyersSources say while the company hasn’t launched an auction, it has been seeking out parties it thinks could pay near the $300 million mark to buy the entire business.
Read more »
Russia-Ukraine war live: Moscow-installed governors poisoned in Ukraine, Russia says; Ukraine troops under attack in ZaporizhzhiaMoscow-installed governors of Kherson and Luhansk regions both survive claimed attack; Russia launching multiple attacks near Robotyne
Read more »