Biden's push for funding to confront China and support allies
TL;DR Summary
President Biden has requested nearly $106 billion in supplemental funding from Congress, including $7.4 billion for efforts to confront China. The funding would be allocated towards America's submarines in the region, countering China's economic influence, and supporting foreign military efforts. If approved, the funds could be used to strengthen US allies in the Indo-Pacific, potentially escalating tensions with China. The request also includes over $60 billion for Ukraine, over $20 billion for the Middle East, and over $10 billion for border security. The funding request faces challenges in Congress due to ongoing political deadlock.
- Biden doesn't just want aid for Ukraine and Israel. He also wants billions to confront China. Yahoo Finance
- The latest on Israel-Hamas war as Biden seeks funding for military assistance 13News Now
- News updates from October 20: Biden asks Congress for $100bn security package, 30-year gilts hit quarter-century high Financial Times
- Yes, the U.S. Can Afford to Help Its Allies The Atlantic
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