• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
PoliticsThe Biden administration

Biden pitches tens of billions of dollars in aid for Ukraine and Israel in rare Oval Office address: ‘A smart investment that’s going to pay dividends’

By
Chris Megerian
Chris Megerian
,
Seung Min Kim
Seung Min Kim
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Chris Megerian
Chris Megerian
,
Seung Min Kim
Seung Min Kim
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
October 20, 2023, 6:54 AM ET
U.S. President Joe Biden called the conflicts in Ukraine and Israel as "vital for America’s national security."
U.S. President Joe Biden called the conflicts in Ukraine and Israel as "vital for America’s national security."Jonathan Ernst—Reuters/Bloomberg via Getty Images
Add Fortune on Google for similar content.

Declaring that U.S. leadership “holds the world together,” President Joe Biden told Americans on Thursday night the country must deepen its support of Ukraine and Israel in the middle of two vastly different, unpredictable and bloody wars.

Recommended Video

Acknowledging that “these conflicts can seem far away,” Biden insisted in a rare Oval Office address that they remain “vital for America’s national security” as he prepared to ask Congress for billions of dollars in military assistance for both countries.

“History has taught us when terrorists don’t pay a price for their terror, when dictators don’t pay a price for their aggression, they cause more chaos and death and more destruction,” Biden said. “They keep going. And the cost and the threat to America and the world keep rising.”

Biden’s speech reflected an expansive view of U.S. obligations overseas at a time when he faces political resistance at home to additional funding. He’s expected to ask for $105 billion on Friday, including $60 billion for Ukraine, much of which would replenish U.S. weapons stockpiles provided earlier.

There’s also $14 billion for Israel, $10 billion for unspecified humanitarian efforts, $14 billion for managing the U.S.-Mexico border and fighting fentanyl trafficking and $7 billion for the Indo-Pacific region, which includes Taiwan. The proposal was described by three people familiar with the details who insisted on anonymity before the official announcement.

“It’s a smart investment that’s going to pay dividends for American security for generations,” Biden said.

He hopes that combining all of these issues into one piece of legislation will create the necessary coalition for congressional approval. His speech came the day after his high-stakes trip to Israel, where he showed solidarity with the country after the Oct. 7 attack by Hamas and pushed for more humanitarian assistance to Palestinians.

With Israel continuing to bombard the Gaza Strip and preparing a ground invasion, Biden placed an increased emphasis on the deadly toll that the conflict has had on civilians there, saying he’s “heartbroken by the tragic loss of Palestinian life.”

“Israel and Palestinians equally deserve to live in safety, dignity and peace,” Biden said. He also warned about a rising tide of antisemitism and Islamophobia in the U.S., noting the killing of Wadea Alfayoumi, a 6-year-old Palestinian-American boy.

“To all you hurting, I want you to know I see you. You belong,” Biden said. “And I want to say this to you. You’re all Americans.”

The White House said that after his speech, the president and first lady Jill Biden spoke over the phone with Wadea’s father and uncle to express their “deepest condolences” and share their prayers for the recovery of the boy’s mother, who was also stabbed.

Biden included in his remarks a warning to Iran’s leaders, who have supported Hamas in Gaza and Russia’s invasion of Ukraine, and said the U.S. “will continue to hold them accountable.”

As Biden seeks a second term in a campaign that will likely hinge on voters’ feeling about the economy, he was careful to emphasize that the spending will create jobs for U.S. workers, referencing the construction of missiles in Arizona and artillery shells in Pennsylvania, Ohio and Texas.

And he worked in a nod to one of his political heroes, Franklin Delano Roosevelt, by saying that “just as in World War II,” the country is “building the arsenal of democracy and serving the cause of freedom.”

Biden faces an array of steep challenges as he tries to secure the money. The House remains in chaos because the Republican majority has been unable to select a speaker to replace Rep. Kevin McCarthy, who was ousted more than two weeks ago.

In addition, conservative Republicans oppose money for sending more weapons to Ukraine as its battle against the Russian invasion approaches the two-year mark. Biden’s previous request for funding, which included $24 billion to help with the next few months of fighting, was stripped out of budget legislation last month despite a personal plea from Ukrainian President Volodymyr Zelenskyy.

There will be resistance from some on the other side of the political spectrum when it comes to military assistance for Israel, which has been bombarding the Gaza Strip in response to the Hamas attack on Oct. 7.

Critics have accused Israel of indiscriminately killing civilians and committing war crimes by cutting off essential supplies including food, water and fuel.

Bipartisan support for Israel has already eroded in recent years as progressive Democrats have become more outspoken in their opposition to the country’s decades-long occupation of Palestinian territory, which is widely viewed as illegal by the international community.

There are rumbles of disagreement within Biden’s administration as well. Josh Paul, a State Department official who oversaw the congressional liaison office dealing with foreign arms sales, resigned over U.S. policy on weapons transfers to Israel.

“I cannot work in support of a set of major policy decisions, including rushing more arms to one side of the conflict, that I believe to be short-sighted, destructive, unjust and contradictory to the very values that we publicly espouse,” he wrote in a statement posted to his LinkedIn account.

A speech from the Oval Office is one of the most prestigious platforms that a president can command, an opportunity to try to seize the country’s attention at a moment of crisis. The major television networks broke into regular programming to carry the address live.

Biden has delivered only one other such speech during his presidency, after Congress passed bipartisan budget legislation to avert a default on the country’s debt.

The White House and other senior administration officials, including Office of Management and Budget Director Shalanda Young, have quietly briefed key lawmakers in recent days about the contours of the planned supplemental funding request.

The Democratic Senate plans to move quickly on Biden’s proposal, hoping that it creates pressure on the Republican-controlled House to resolve its leadership drama and return to legislating.

However, there are disagreements within the Senate, too, on how to move forward. Eight Republicans, led by Kansas Sen. Roger Marshall, said they did not want to combine assistance for Ukraine and Israel in the same legislation.

“These are two separate and unrelated conflicts and it would be wrong to leverage support of aid to Israel in an attempt to get additional aid for Ukraine across the finish line,” they wrote in a letter.

North Dakota Sen. Kevin Cramer said he was fine with the proposal as long as there was also a fresh effort to address border issues. But he said “it’s got to be designed to secure the border, not to facilitate travel through the border.”

Although there was a lull in migrant arrivals to the U.S. after the start of new asylum restrictions in May, illegal crossings topped a daily average of more than 8,000 last month.

Sen. Chris Murphy, a Connecticut Democrat who leads a Senate panel that oversees funding for the Department of Homeland Security, was wary of any effort to overhaul border policy during a debate over spending.

“How are we going to settle our differences over immigration in the next two weeks?” Murphy said. “This is a supplemental funding bill. The minute you start loading it up with policies, that sounds like a plan to fail.”

Biden’s decision to include funding for the Indo-Pacific in his proposal is a nod toward the potential for another international conflict. China wants to reunify the self-governing island of Taiwan with its mainland, a goal that could be carried out through force.

Although wars in Europe and the Middle East have been the most immediate concerns for U.S. foreign policy, Biden views Asia as the key arena in the struggle for global influence.

The administration’s national security strategy, released last year, describes China as “America’s most consequential geopolitical challenge.”

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Chris Megerian
See full bioRight Arrow Button Icon
By Seung Min Kim
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

Donald Trump sits at his desk in the Oval Office, smiling and with his hands folded in front of him.
PoliticsDonald Trump
Trump got a $78k pension from the Screen Actors Guild in 2025 because he appeared in Home Alone 2 in 1992
By Sasha RogelbergJuly 1, 2026
25 minutes ago
Anthropic CEO Dario Amodei
AIAnthropic
Anthropic’s AI models are back online after a two-week government standoff—settling the company and administration into a fragile truce
By Tristan BoveJuly 1, 2026
52 minutes ago
US President Donald Trump during a Presidential memorandum signing in the Oval Office of the White House in Washington, DC, US, on Monday, June 29, 2026.
PoliticsDonald Trump
Inside Trump’s finances: World Cup tickets, a $250,000 golf sculpture, over $1 billion in crypto earnings, and a merch machine
By Eleanor PringleJuly 1, 2026
6 hours ago
senate
CommentaryCongress
One rare bipartisan AI bill is moving through Congress. Here’s why it deserves to pass
By Neil Björkman and Betsy BrewerJuly 1, 2026
6 hours ago
Henry Ford, Steve Jobs, William Boeing: These Fortune 500 founders are the American-born children of immigrants
PoliticsImmigration
Henry Ford, Steve Jobs, William Boeing: These Fortune 500 founders are the American-born children of immigrants
By Catherina GioinoJuly 1, 2026
10 hours ago
Russian President Vladimir Putin
EconomyRussia
It started with one viral influencer complaining about Russia’s economy. Now a record 60% of Russians are pessimistic about their country’s outlook
By Tristan BoveJune 30, 2026
24 hours ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
6 days ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
4 days ago
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
2 days ago
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
10 hours ago
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
Commentary
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
By Marc AndersenJune 30, 2026
1 day ago
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
Newsletters
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
By Diane BradyJuly 1, 2026
8 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.