Monday, October 16, 2023

Janet Yellen says US can 'certainly afford' two wars- Israel and Ukraine

 16 Oct 2023, Livemint

Yellen said it's too early to understand war ramification of Israel-Hamas conflict. Yellen also appealed for Republicans to fill vacant House speaker position. ‘We do need to come up with funds’ Yellen cited.
Janet Yellen, US Treasury secretary, (Bloomberg)

The United States has sent aids to Ukraine after Russia unleashed a ‘special military operation’ in 2022, later US has also sent aid to Israel after Hamas fighters launched a surprise attack on 7 October, 2023. Now US Treasury Secretary Janet Yellen has told Sky News, US can ‘certainly afford’ wars on two fronts.

In an interview with Sky News, the US treasure secretary informed that the economy and public finances were in good shape to ensure backing for US interests abroad.

Yellen also informed that it was too early to understand the ramification of the war between Benjamin Netanyahu's Israel and Hamas fighters from Gaza. This comes even as threat of the war spilling to a regional conflict in the Middles East looms, and oil and gas prices remain volatile.

Talking about the vacant position of a House speaker following McCarthy's ouster, Yellen appealed for Republicans to fill the void left in order for greater financial support to flow.

"We do need to come up with funds, both for Israel and for Ukraine. This is a priority", Yellen told Sky News. "It's really up to the House to find, seat a speaker and to put us in a position where legislation can be passed."

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She added, "We stand with Israel. America has also made clear to Israel, we're working very closely with the Israelis, that they have a right to defend themselves. But it's important to try to spare innocent civilian lives to the maximum extent possible.


"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."

Meanwhile US Secretary of State Anthony Blinken renewed pledges of American support for Israel in its war against Hamas as he returned to the country for the second time in less than a week.

In Jerusalem on Monday to consult with Prime Minister Benjamin Netanyahu and other senior officials, Blinken also briefed them about discussions he had with Arab leaders on the conduct of the war and the need to protect civilians.

According to official statement, “Blinken underlined his firm support for Israel’s right to defend itself from Hamas’ fighters and reaffirmed US determination to provide the Israeli government with what it needs to protect its citizens".

In the current update, Israel's relentless bombardment on Gaza has killed 2,808 people while over a thousand remain missing under rubbles. The World Health Organnization (WHO) has also warned that there are less than 24 hours of food, water, fuel, and electricity left in Gaza, as Palestinians scrabble for survival in the beseiged enclave.


Biden: US is able to support both Ukraine and Israel militarily

US President Joe Biden departs the White House en route to Philadelphia. Lenin Nolly/ZUMA Press Wire/dpa

The United States is capable of supporting both Ukraine and Israel militarily, President Joe Biden told broadcaster CBS in an interview due for broadcast on Sunday evening.

"We're the United States of America, for God's sake, the most powerful nation in the world – not in the world – in the history of the world," Biden said on being was asked whether the wars in Israel and Ukraine were more than the US could take on..

"We can take care of both of these and still maintain our overall international defence," Biden said. "We have the capacity to do this, and we have an obligation to," he said, describing the US as "the essential nation."

"If we don't, who does?" the president queried.

The remarks were recorded on Friday

Since the full-scale Russian invasion of Ukraine, the US has provided almost $44 billion in support. Israel regularly receives billions of dollars in military support, much of it being spent on missiles.

Biden recently announced he would seek additional funds for Israel from Congress. An application for further support for Ukraine has also been made, but the House of Representatives is currently paralysed as there is no speaker.

© Deutsche Presse-Agentur GmbH




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