U.S. President Joe Biden's administration is preparing a $725 million weapons package for Ukraine, two U.S. officials said on Wednesday, as the outgoing president seeks to bolster the government in Kyiv before leaving office in January.

The Joe Biden administration won't have enough time to provide Ukraine with military aid for all of the money authorised by Congress before his tenure ends in January 2025, and some of the authority in this particular regard will be transferred to Donald Trump's team.

The proposed funds, which are aimed at avoiding a disruption in support during a change of administration, could be included in a package of decisions to avert a government shutdown next month. The allocation includes $8 billion for contracts with American companies to supply arms to Ukraine and $16 billion to replenish the US weapons stockpile.

President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia factory

Rivian said it will use a $6.6 billion government loan to “aggressively” scale manufacturing of its R2, which is coming in 2026.