President Joe Biden has made a $33 billion supplemental budget request to Congress to provide security, economic, and humanitarian assistance to Ukraine battling Russian invasion.
Out of this record aid package, $20 billion is aimed at providing military and other security assistance to keep weapons and ammunition flowing to the Ukrainian people. This includes $5 billion in additional drawdown authority, $6 billion for the Ukraine Security Assistance Initiative, and $4 billion for the State Department's Foreign Military Financing program.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.