Congress Unveils $858 Billion NDAA

Congress on Tuesday night unveiled the 2023 National Defense Authorization Act (NDAA), worth $858 billion, $45 billion more than what President Biden requested for the military spending bill. The House is expected to vote on the legislation this week, and it could be...

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Hungary Blocks EU Aid for Ukraine

Hungary on Tuesday blocked a massive EU aid package for Ukraine worth 18 billion euros ($18.9 billion), angering other members of the bloc. Hungarian Prime Minister Viktor Orban said that Budapest is not against sending aid to Ukraine but objects to how the EU wants...

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Russian Oil Price Cap, EU Sanctions Come Into Effect

An EU embargo on Russian oil and a Western-imposed price cap on Russian oil came into effect on Monday as Moscow said it is preparing a response to the policies. The US led the push to impose a price cap on Russian oil, and the EU agreed to set it at $60 per barrel,...

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