White House warns that Ukraine funding is set to run out

 December 4, 2023

For nearly two years, President Joe Biden has made supporting Ukraine in its fight against Russia a major financial priorityHowever, the White House is now warning that this support may soon come to an end. 

According to the Financial Times, White House Budget Director Shalanda Young conveyed that message in a letter sent to lawmakers from both parties on Monday.

"There is no magical pot of funding available"

"Without congressional action, by the end of the year we will run out of resources to procure more weapons and equipment for Ukraine and to provide equipment from US military stocks," Young was quoted as saying.

"There is no magical pot of funding available to meet this moment. We are out of money — and nearly out of time," she explained.

The official warned that "[c]utting off the flow of US weapons and equipment will kneecap Ukraine on the battlefield, not only putting at risk the gains Ukraine has made, but increasing the likelihood of Russian military victories."

"Already, our packages of security assistance have become smaller and the deliveries of aid have become more limited," Young pointed out.

She went on to add that "while our allies around the world have stepped up to do more, US support is critical and cannot be replicated by others."

President is seeking another $61 billion for Ukraine

Breitbart noted that Young's letter comes at the same time that the Biden administration is seeking an additional $61 billion in Ukrainian aid.

The requested funds are part of a larger $106 billion supplemental package that the president sent to Congress which also includes more money for Israel, the Pacific, and the U.S.-Mexico border.

In August, Breitbart cited a report from the conservative Heritage Foundation which found that the latest Ukrainian support package will cost Americans an average of $900 per household.

Aid package will cost $300 in interest costs per household

Richard Stern serves as director of the Heritage Foundation Hermann Center for the Federal Budget, and he was quoted as saying that "the formal aid packages alone amount to a staggering $113 billion."

"This $113 billion spending spree was added to our national debt and will cost more than $300 in interest costs per household over the decade," he stressed.

"Of course, we’ve given more aid than that, but haven’t paid the bill on it yet," Stern went on to complain.

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