President Joe Biden claimed Congressional support for his $33 billion supplemental budget request to provide security, economic, and humanitarian assistance to Ukraine battling Russian invasion.
"I am pleased that, in my conversations with Congressional leaders, there appears to be strong support for the proposal I submitted, and Congress is likely to pass it in substantially the form I proposed," Biden said in a statement released by the White House Monday.
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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.