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Senate Majority Leader Harry Reid (D-NV) speaks to the media after a caucus meeting with Senate Democrats on Capitol Hill in Washington August 1, 2011.
On Monday, the Senate reached cloture on a Ukraine aid/Russia sanctions bill, with a controversial provision that included International Monetary Fund reforms that the House opposes. The IMF reforms would shift about $63 billion in IMF money from a crisis fund to a general account, and had been pushed by the White House. Because of the criticality of the issue, and the need to get this approval done this week, Senate Majority Leader Harry Reid will drop the IMF provision from the final bill.
"I feel very strongly about IMF reform, we need to get that done and we need to get it done just as quickly as we can," Reid told reporters Tuesday afternoon. "But this [aid] bill is important. As [Secretary of State] John Kerry said yesterday, he wants both of them, but the main thing is to get the aid now, and I'm following his lead."

Senate Foreign Relations Committee Chairman Robert Menendez (D-N.J.) had earlier blamed the decision to drop the IMF provisions on the GOP-controlled House.
"The House Republican leadership has made very clear, come hell or high water, regardless of the importance of the IMF to the Ukraine and future emergencies, that their politics doesn't permit to have the national security interests of the United States superseded," he told reporters.

The bill will contain $1 billion in loan guarantees as well as $150 million in economic assistance. It will impose sanctions on Russia, freeze assets of certain Russian individuals as well as impose visa bans on them. The House bill also contains the loan guarantees. Speaker John Boehner refused to consider the IMF provisions, forcing Reid and the White House to relent.

The Senate will continue to debate the bill Tuesday, with a vote on final passage expected before Friday.

Originally posted to Joan McCarter on Tue Mar 25, 2014 at 12:24 PM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  Tip Jar (14+ / 0-)

    "The NSA’s capability at any time could be turned around on the American people, and no American would have any privacy left, such is the capability to monitor everything. [...] There would be no place to hide."--Frank Church

    by Joan McCarter on Tue Mar 25, 2014 at 12:24:07 PM PDT

  •  Harry, here's what you need to do... (6+ / 0-)
    Recommended by:
    MartyM, whizdom, AJayne, jck, Matt Z, Pinto Pony

    ... whenever you propose anything in a bill that the GOP would normally shoot down, add in something about "loosening" some gun regulation.

    So, when the Repugs block the will of the people, you can tell the nation they were against fewer regulations on guns.

    Hey, they did it to us; we can do it to them.

    "People should not be afraid of their government; governments should be afraid of their people." --V

    by MikeTheLiberal on Tue Mar 25, 2014 at 12:34:54 PM PDT

    •  exactly (4+ / 0-)

      propose a law allowing concealed carry on the House floor.   Let the gun nuts vote against that

    •  Nah! Go the opposite direction. (1+ / 0-)
      Recommended by:
      Matt Z

      Propose a gun confiscation rider and a Mandatory Gay Marriage constitutional amendment and while they're sputtering and fuming, allow those provisions to be cut while what you (we) really want sails through under the radar.
      It's called hardball and I learned it from watching Tom DeLay.
      Don't pre-compromise, go so far past your own position that you can compromise away stuff that is strictly wishlist or fanciful non-starter.

      If I ran this circus, things would be DIFFERENT!

      by CwV on Tue Mar 25, 2014 at 01:48:38 PM PDT

      [ Parent ]

  •  Caving to Republicans again. Other countries (1+ / 0-)
    Recommended by:
    Bob Love

    are awaiting U.S. approval of these reforms.

    Brazil says IMF reforms key to helping countries in need

    (Reuters) - Approval of reforms at the International Monetary Fund is key to helping countries in need such as Ukraine, Brazilian Finance Minister Guido Mantega said on Monday, in a call for Washington to ratify changes agreed upon in 2010.

    Speaking to reporters after meeting U.S. Treasury Secretary Jack Lew in Sao Paulo, Mantega said the so-called quota reforms are essential to build up the global lender's war chest. The quotas represent the size of a country's stake in and financial contribution to the IMF.

    Brazil and other big developing economies including China and Russia have expressed frustration at the U.S. Congress' failure to ratify a package of reforms that would increase their influence in the IMF.

    <...>

    http://www.reuters.com/...

  •  The Menendez quote doesn't make any sense. (0+ / 0-)

    ...then again, that asshole Menendez doesn't make a lotta sense generally, so, I dunno, mebbe he really did say that....

    "Ronald Reagan is DEAD! His policies live on but we're doing something about THAT!"

    by leftykook on Tue Mar 25, 2014 at 01:33:13 PM PDT

  •  Is it just me or did Menendez totally garble that? (0+ / 0-)
    The House Republican leadership has made very clear...that their politics doesn't permit to have the national security interests of the United States superseded
    I'm pretty sure that wasn't his intended point.

    Art is the handmaid of human good.

    by joe from Lowell on Tue Mar 25, 2014 at 01:34:28 PM PDT

    •  No, that's what he meant. (1+ / 0-)
      Recommended by:
      auron renouille

      The paranoid fantasy on the Right is that IMF reforms will destroy our sovereignty and make us subservient to the new world odor. He's a NeoCon and wants to insure America's hegemony is not challenged. He couches the objection in blame for Boner (fair) but it's his position too.
      Remember this is the guy that wanted to force Obama into a war against Iran just a couple months ago.

      If I ran this circus, things would be DIFFERENT!

      by CwV on Tue Mar 25, 2014 at 01:54:37 PM PDT

      [ Parent ]

  •  Is Ukrainian aid really that critical? (1+ / 0-)
    Recommended by:
    Halfton81

    I thought the basic sentiment on this blog was that Ukraine was not this super-duper crisis that we need to get worked up over.  What is the case for moving quickly on this.

    If it's a bigger deal to Republicans than it is to us, shouldn't we be trying to hold it hostage to force concessions on things we want?  This feels like a missed opportunity.

  •  Joan, with all due respect for Senator Reid, 1B is (0+ / 0-)

    a drop into the black hole of a Ukranian financial abyss.

    Dr. Seuss, "the mess is so big and so tall there is no way to fix it, no way at all".

    So, instead of a quick fix, where are the diplomats who bring compromise and long term solutions for humanity to the table?

  •  I don't get it at all. (4+ / 0-)
    Recommended by:
    hmi, grollen, OregonWetDog, Halfton81

    IMF reforms don't need to be in this bill.

    Also, the only crisis in the Ukraine is that they have bond payments coming due and are short of cash.

    It's a bankster thing, only. And the EU has scraped $13 billion together.

    A billion is a drop in the bucket.

    Maybe it's going over my head.

  •  it seems that (0+ / 0-)

    reid and the dems still haven't figured how the game is played but the gop has.

    you would think by now the dems might catch on but maybe they don't because this way they can claim innocence to the destruction of our democracy while at the same time agreeing with the agenda that is accomplishing the unthinkable.

    save america defeat all republicans and conservatives

  •  Backstory (0+ / 0-)
    But in the course of House-Senate negotiations, the IMF became paired with an amendment shaped by Senate Minority Leader Mitch McConnell (R-Ky.) who wanted to block Treasury from implementing new IRS rules to curb political activity by tax-exempt groups.
    http://www.politico.com/...
  •  what's the difference (0+ / 0-)

    between a crisis fund and a general account?

    "a lie that can no longer be challenged becomes a form of madness" -Debord

    by grollen on Tue Mar 25, 2014 at 02:48:44 PM PDT

  •  Ukraine/Russia (0+ / 0-)

    These people have been fighting this same issue since the Charge of the Light Brigade. Not USA problem. Let them fight it out among themselves. No money, weapons, advisers, drones, no aid whatsoever.  

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