Article

2024-11-22 Government Corruption

Biden administration to forgive almost $5 billion in economic loans to Ukraine

[JTN] The Biden administration confirmed to Congress that it will forgive almost $5 billion in economic loans given to Ukraine.

State Department spokesperson Matthew Miller confirmed the forgiven loans during a Wednesday briefing.

"So we have taken the step that was outlined in the law to cancel those loans, provide that economic assistance to Ukraine," he said, according to Fox News.

Miller explained that when Congress passed a bill to aid Ukraine back in April of this year, $9 billion of the aid was structured as a loan and the administration was allowed to forgive it.

Congress could pass a resolution that could overturn the cancellation.

Rep. Thomas Massie, R-Ky., earlier this week introduced legislation to overturn the cancellation, but it is unlikely to pass in the Senate, which has a Democratic majority.

Posted by Skidmark 2024-11-22 04:08|| || Front Page|| [11148 views ] Top

#1 It was never a "loan" in the first place.

Posted by Besoeker 2024-11-22 08:24|| 2024-11-22 08:24|| Front Page Top

#2 Sen Blutarsky to the courtesy phone, please.

Posted by Cesare 2024-11-22 08:33|| 2024-11-22 08:33|| Front Page Top

#3 Isn't that last year's accrued interest?

Posted by swksvolFF 2024-11-22 10:31|| 2024-11-22 10:31|| Front Page Top

#4 Does that cancel the kickbacks?

Posted by Super Hose 2024-11-22 12:14|| 2024-11-22 12:14|| Front Page Top

#5 Does that cancel the kickbacks?

No. Of course not. Biden might be losing it but he will always be a top notch grifter.

Posted by Abu Uluque 2024-11-22 12:17|| 2024-11-22 12:17|| Front Page Top

#6 But Pentagon can't pass an audit.

But if it gets vaporized, can't be audited, eh?

Posted by swksvolFF 2024-11-22 19:31|| 2024-11-22 19:31|| Front Page Top

#7 How much was laundered back to the Bidet cartel?

Posted by JohnQC 2024-11-22 22:55|| 2024-11-22 22:55|| Front Page Top

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