NEWS

US Running Out of Money to Fund Ukraine War, Budget Office Says

The U.S. is running out of money and time helping Ukraine in its defense against Russian aggression, Office of Management and Budget Director Shalanda Young warned in a letter to Republican House Speaker Mike Johnson and other congressional leaders.

Young said in the letter that by the end of the year, the U.S. will no longer have the funds to send weapons and assistance to Ukraine. It “will not be able to keep fighting,” Young said of Ukraine, noting that the U.S. has already run out of money for propping up Ukraine’s economy.

Last October, the Biden administration asked Congress for nearly $106 billion to fund ambitious plans for Ukraine, Israel, and U.S. border security.

Funding for Ukraine has become politically controversial with some right-leaning lawmakers in the narrowly Republican-controlled Congress.

However, Young said in the letter released by the White House that cutting off funding and a flow of weapons to Ukraine would likely work to Russia’s advantage on the battlefield.

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 Edited by Jesus Chan

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