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White House wants $550M for new critical munitions acquisition fund

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President Biden is asking lawmakers for $550 million to establish a new Critical Munitions Acquisition Fund plus billions of dollars to replenish U.S. military stocks in the wake of multiple security assistance packages for Ukraine. The initiative is part of a broader request for $33 billion in supplemental funding request for security, economic and humanitarian aid that the White House submitted to Congress Thursday. The $550 million would help to…