Democrat President Joe Biden’s administration is reportedly “scrambling” to account for almost $20 billion in taxpayer money that was sent to Ukraine as military aid.
Biden admin officials are desperately trying to track the missing funds as Republicans warn of impending audits when they take control of the House in January.
The news emerges after Slay News recently reported that the Ukraine government was “investing” U.S. aid in the now-bankrupt cryptocurrency exchange FTX.
FTX founder and former CEO Sam Bankman-Fried admitted that his company was laundering the funds for the Ukrainian government.
FTX and its executives were then funneling millions of dollars back to the United States and into the coffers of Democrat candidates’ midterm election campaigns.
Panic is now ripping through the White House as congressional audits on the aid are looming.
House GOP Leader Kevin McCarthy (R-CA), the likely next speaker, has warned that Republicans will not be giving Ukraine a “blank check” to fend off Russia’s invasion.
A potential audit would determine how much, if any, of the U.S. aid is ending up in the wrong hands.
The Biden admin’s previous tracking efforts have inspected only a fraction of the aid provided to the country.
However, amid threats of audits from Republicans, Biden officials are now “scrambling” to account for the missing $20B in taxpayer funds, according to Fox News.
The Republican push to ramp up oversight enjoys some bipartisan support in Congress.
Some staunch Ukraine allies fear the party will cut off aid to the country entirely, however.
Conservative firebrand Rep. Marjorie Taylor Greene (R-GA) has vowed to “hold our government accountable” for Ukraine spending.
Some of her colleagues across the aisle are now echoing that message.
“The taxpayers deserve to know that investment is going where it’s intended to go,” Rep. Jason Crow (D-CO) told the Washington Post.
“In any war, there can be missteps and misallocation of supplies.”
The lawmakers agree that current monitoring efforts appear woefully inadequate, with the Biden administration inspecting just 10% of the 22,000 weapons the U.S. has provided to Ukraine between February and November 1, according to the Post.
U.S. allies in Europe have expressed hope that Republican skepticism of Ukraine aid will not lead to a widespread cutting of funding, however.
“You’d be playing into Putin’s hands,” U.K. Parliament member Tobias Ellwood said in October.
“If America pulls back, Putin could snatch victory from the jaws of defeat.”
McCarthy has based his criticism of the aid packages on America’s economic situation as the economy threatens to fall into a recession.
“I think people are gonna be sitting in a recession and they’re not going to write a blank check to Ukraine,” McCarthy said last month.
“They just won’t do it. … It’s not a free blank check.”
Nevertheless, America’s funding for Ukraine has been largely bipartisan under Biden, and many Republicans say there is no reason that funding cannot continue in some form.
“No one in Republican leadership has called for an end to aid for Ukraine,” Rep. Mike Turner (R-OH) said Monday.
“People on the Republican side are saying, ‘Why do we have to pass a $40 billion package to send $8 billion to Ukraine?’”