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White House says it is nearly out of money to help Ukraine

President Biden's administration is urging congressmen to act as funds will run out by the year-end. 

White House says it is nearly out of money to help Ukraine
Photo: EPA/UPG

The White House has warned Congress that it is running out of money to help Ukraine. White House Budget Director Shalanda Young issued the warning in a letter to House Speaker Mike Johnson and other congressional leaders, Reuters reports.

Young said the United States was running out of time and money to help Ukraine fight its war with Russia. She stressed that Congress must act.

"I want to be clear: without congressional action, by the end of the year we will run out of resources to procure more weapons and equipment for Ukraine and to provide equipment from U.S. military stocks," she wrote. "There is no magical pot of funding available to meet this moment. We are out of money — and nearly out of time," she said.

President Joe Biden's administration in October asked Congress for nearly $106 billion to fund ambitious plans for Ukraine, Israel and U.S. border security. Of this amount, more than $61 billion was earmarked for Ukraine.

However, Congress has not yet approved the funding - the process has been delayed by conservative Republicans who wanted to provide assistance only to Israel, without Ukraine. The situation was also affected by the dismissal of the Speaker of the House of Representatives and the lengthy process of selecting a new one. 

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