A bipartisan group of US Senators released an outline of a deal Sunday that would send billions to Ukraine, Israel, and Gaza and beef up US border security after months of wrangling. Too bad House Speaker Mike Johnson called it “dead on arrival.”
Show me the money. Overall, the price tag will cross $118 billion, including ~$60 billion for Ukraine, ~$20 billion for border security, ~$14 billion in security aid to Israel, and ~$10 billion for humanitarian aid in Gaza. The bill also creates new pathways to legal migration and raises the standards of evidence a migrant faces persecution at home needed to claim asylum. Folks who meet the new standards will be able to work and live in the US pending a hearing, and especially compelling cases may even be granted asylum on the spot by an immigration officer.
Will it see the light of day? With former President Donald Trump actively campaigning against the bill, smart money says “no.” He’d like to keep the immigration issue in the headlines to hammer President Joe Biden with – and the situation underscores the dynamics within the Republican Party, where a candidate who holds no office is influencing legislative priorities.
The fact is, Johnson stands to lose his job – just like his predecessor did – if he crosses Trump on this, so his diagnosis may prove prescient.
With the US leading production and China driving new reactor development, Bank of America breaks down the who, what, where, when, and why behind nuclear’s return. Stay ahead of global energy trends with Bank of America Institute.
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