On Tuesday, however, President Joe Biden touted a new military aid package worth $200 million for Ukraine.
Money is dwindling. But the announcement of more weapons being sent to Kyiv just underscores the complexity of the funding. So has the money run out? Or are there still a few billion dollars floating around?
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In a Nov. 4 letter to Congress, White House budget director Shalanda Young said flatly: “We are out of money to support Ukraine in this fight. This isn't a next year problem. The time to help a democratic Ukraine fight against Russian aggression is right now.”
Since then, the U.S. has announced three more aid packages totaling $475 million. That may seem contradictory, but it's due to the complex programs used to send aid to Ukraine.
There are two pots of money for weapons and security assistance set up specifically for the war. One is the Presidential Drawdown Authority, or PDA, under which the U.S. provides weapons already in its stockpile. The other is the Ukraine Security Assistance Initiative, which funds long-term weapons contracts.
Money for USAI has all been spent. That pot is empty.
And money for the PDA also appeared to be gone. But then the Pentagon determined that it had overstated…