Biden is sending $61 billion to Ukraine. Much of it will pass through the US economy first.

“Washington is spending another $61 billion to help Ukraine. But most of the money will flow through the US economy first.

The new law will allow the Pentagon to send existing weapons — everything from bullets to missiles to tank parts — to Kyiv and then simultaneously backfill that inventory with new manufacturing efforts for US armories.

There are 117 production lines in about 71 US cities that are set to produce those weapons systems, according to research from the American Enterprise Institute (AEI).”

https://finance.yahoo.com/news/biden-is-sending-61-billion-to-ukraine-much-of-it-will-pass-through-the-us-economy-first-162914531.html

Leave a Reply

Your email address will not be published. Required fields are marked *