• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
Biden Admin Moves To Forgive Multi-Billion Dollar Loan To Ukraine

Biden Admin Moves To Forgive Multi-Billion Dollar Loan To Ukraine

November 21, 2024
Columbia Clamps Down On ‘Hateful Language’ Against Jews As Trump Admin Deal Reportedly Closes In

Columbia Clamps Down On ‘Hateful Language’ Against Jews As Trump Admin Deal Reportedly Closes In

July 16, 2025
Left-Wing Firebrands’ Massive Fundraising Hauls Leave Vulnerable House Dems In The Dust

Left-Wing Firebrands’ Massive Fundraising Hauls Leave Vulnerable House Dems In The Dust

July 16, 2025
‘She Took Me Back!’: Obamas Address Divorce Rumors On Former First Lady’s Podcast

‘She Took Me Back!’: Obamas Address Divorce Rumors On Former First Lady’s Podcast

July 16, 2025
Biden’s Use of Autopen Sparks Major Probe by White House: Report

Biden’s Use of Autopen Sparks Major Probe by White House: Report

July 16, 2025
CNN’s Elie Honig Says Pam Bondi Has ‘Mishandled’ Epstein Files ‘Egregiously’

CNN’s Elie Honig Says Pam Bondi Has ‘Mishandled’ Epstein Files ‘Egregiously’

July 16, 2025
Hunter Biden Throws Shade at Dems: Lost Because They Didn’t Stay ‘Loyal’

Hunter Biden Throws Shade at Dems: Lost Because They Didn’t Stay ‘Loyal’

July 16, 2025
Tough Trump Border Measures Lead To Lowest Border Crossings Ever Recorded

Tough Trump Border Measures Lead To Lowest Border Crossings Ever Recorded

July 16, 2025
Trump Admin Ramps Up Election Integrity Pressure On States

Trump Admin Ramps Up Election Integrity Pressure On States

July 16, 2025
We Have Their Names: Epstein Brought 8 Women With Him to Visit Clinton at White House – Report

Report: Nearly 3 Minutes of Epstein Prison Footage Missing

July 16, 2025
Trump Criticizes His Supporters Who Want More Info on Epstein Case

Trump Criticizes His Supporters Who Want More Info on Epstein Case

July 16, 2025
EXCLUSIVE: Millions In US Tax Dollars Likely Funding Sex Work Overseas, Watchdog Finds

EXCLUSIVE: Millions In US Tax Dollars Likely Funding Sex Work Overseas, Watchdog Finds

July 16, 2025
RYAN COSTELLO: America’s Energy Comeback Deserves Applause

RYAN COSTELLO: America’s Energy Comeback Deserves Applause

July 16, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Wednesday, July 16, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

Biden Admin Moves To Forgive Multi-Billion Dollar Loan To Ukraine

by Daily Caller News Foundation
November 21, 2024 at 11:15 am
in News, Wire
247 5
0
Biden Admin Moves To Forgive Multi-Billion Dollar Loan To Ukraine
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Daily Caller News Foundation

The Biden administration is planning to forgive roughly $4.7 billion that it loaned to Ukraine, the State Department announced on Wednesday, but some lawmakers are moving to stop that from happening.

The Biden administration has flooded Ukraine with billions of dollars since the country’s war with Russia began in 2022. Part of the funds that have been delivered to Ukraine came in the form of a loan, but Biden officials are ready to dismiss the debt, State Department spokesman Matthew Miller told reporters.

“Some of that economic assistance was provided in the form of loans, and we had the option under the bill to cancel that – those loans at our discretion,” Miller said on Wednesday. “So we have taken the step that was outlined in the law to cancel those loans.”

Miller explained that the Biden administration was doing so under congressional approval. Lawmakers in Congress passed a near-$60 billion Ukraine aid package in April including approximately $10 billion in loans, which Kyiv would technically be obligated to pay back. But the bill included a provision that allowed the debt to be forgiven completely by 2026.

President Joe Biden is planning to use the remainder of his term to forgive $4.7 billion of those loans. But Miller noted that Congress could pass a resolution to stonewall Biden officials from forgiving the debt.

Some lawmakers are already attempting to do so. Republican Kentucky Rep. Thomas Massie introduced a resolution on Wednesday to block Biden from forgiving the loan, though it will need enough votes in both the House and the Senate to be passed.

“On his way out, Joe Biden is trying to forgive $4.65 billion of debt Ukraine owes America’s taxpayers,” Massie said on Wednesday, adding that he introduced the bill “to stop this ‘America Last’ policy from taking effect.”

Separately, Republican Kentucky Sen. Rand Paul forced a vote on the floor of the Senate on Wednesday to stop Biden from forgiving the debt, but “Sadly, the Ukraine 1st, America Last Caucus defeated my resolution,” he said in a statement.

The decision to forgive part of Ukraine’s debt speaks to Biden’s last-ditch effort to throw as much U.S. support behind Kyiv as he can before he leaves office in just months, even if his options to help are limited. Reports emerged over the weekend that Biden officials had recently given Ukraine the green light to start using U.S.-provided long-range missiles to strike targets deep inside Russian territory.

That move surprised some national security experts, given the Biden administration has been hesitant for years to allow Ukraine to use the missiles for such purposes. The administration had previously expressed concern that allowing Ukraine to use U.S.-provided long-range missiles for strikes inside Russia would only escalate the war without providing Ukraine with any tangible strategic advantage.

The Biden administration also recently allowed Ukraine to scatter U.S.-provided antipersonnel mines across its countryside, as was reported on Wednesday, despite the mines being subject to international scrutiny given the risk they pose to civilians.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Tags: DCNFforeign-affairsU.S. News
Share196Tweet123
Daily Caller News Foundation

Daily Caller News Foundation

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th