Yellen says US can afford to support two wars: 'America stands behind Israel, period'
foxbusiness.comWARNING — GRAPHIC FOOTAGE: The Punaro Group CEO Gen. Arnold Punaro (ret.) discusses the attacks on Israel from Hamas and reacts to the White House being grilled over refreezing the $6 billion from the Iran prisoner swap deal.
Treasury Secretary Janet Yellen said Monday the U.S. can afford to support both Ukraine and Israel in their respective war efforts without hindering the nation's economy.
Asked during an interview on Sky News whether the U.S. can afford to provide military aid to Israel and to Ukraine in its ongoing war with Russia given the current debt-to-GDP ratio of 122%, Yellen said, «I think the answer is absolutely.»
She continued: «America can certainly afford to stand with Israel and to support Israel's military needs, and we also can and must support Ukraine in its struggle against Russia. The American economy is doing extremely well.»
LIVE UPDATES: ISRAEL AT WAR WITH HAMAS
Israeli troops search the scene of a Palestinian militant attack in the Israeli kibbutz of Kfar Aza on the border with the Gaza Strip on Wednesday. (GIL COHEN-MAGEN/AFP via Getty Images / Getty Images)
The Biden administration is pushing for Congress to take up an emergency aid package that would pair together support for Ukraine and Israel amid fading Republican support for assisting Kyiv in the war against Russia.
White House national security adviser Jake Sullivan confirmed during an interview on CBS' «Face the Nation» that President Biden plans to speak with lawmakers about the need to approve a new weapons package for both countries.
IMF SAYS GLOBAL ECONOMY 'LIMPING ALONG' AS IT FACES NEW THREAT FROM ISRAEL-GAZA WAR
«The president has made clear that he is going to go to Congress with a package of funding for Ukraine as well as
Read more on foxbusiness.com
