Top Investing Today
  • Investing
  • Politics
  • Stock
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Economy
  • Editor’s Pick
No Result
View All Result
Top Investing Today
No Result
View All Result
Home News

Trump administration cutting 90% of USAID foreign aid contracts, documents show

BoldThemes by BoldThemes
February 27, 2025
in News, Politics
0
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

The sheer scale of cuts the Trump administration is looking to carry out at the U.S. Agency for International Development (USAID) has been revealed, with nearly 15,000 grants worth $60 billion set to be eliminated, according to internal documents.

The grants amount to about 90% of foreign aid contracts and come after a review on spending by the State Department. 

USAID aid became an early target of the Trump administration, with the president being a longtime critic of overseas spending, arguing that it does not benefit the American taxpayer and going so far as to call those who run the top agency ‘radical lunatics.’

Republicans argue it is wasteful, promotes liberal agendas and should be enfolded into the State Department, while Democrats say it saves lives abroad and helps U.S. interests by stabilizing other countries and economies.

In all, the Trump administration said it will eliminate 5,800 of 6,200 multi-year USAID contract awards, for a cut of $54 billion. Another 4,100 of 9,100 State Department grants were being eliminated, for a cut of $4.4 billion, according to a State Department memo reviewed by the Associated Press.

The State Department memo described the administration as spurred by a federal court order that gave officials until the end of the day Wednesday to lift the Trump administration’s monthlong block on foreign aid funding.

‘In response, State and USAID moved rapidly,’ targeting USAID and State Department foreign aid programs in vast numbers for contract terminations, the memo said.

The memo said officials were ‘clearing significant waste stemming from decades of institutional drift.’ More changes are planned in how USAID and the State Department deliver foreign assistance, it said, ‘to use taxpayer dollars wisely to advance American interests.’

U.S. Supreme Court Justice John Roberts on Wednesday paused a federal judge’s order that required the Trump administration to pay around $2 billion in foreign aid funds to contractors by midnight. 

The ruling comes after the Trump administration asked the Supreme Court for an emergency order to block the release of U.S. Agency for International Development (USAID) funding, which the federal judge had required by midnight. Officials had said they would not be able to comply with the judge’s order.

USAID was set up in the early 1960s to act on behalf of the U.S. to deliver aid across the globe, particularly in impoverished and underdeveloped regions. The agency now operates out of 60 nations and employs some 10,000 people, two-thirds of whom work overseas – though most of the on-the-ground work is contracted out to third-party organizations funded by USAID, according to a BBC report.

But the agency has come in for considerable criticism as Trump and Elon Musk’s Department of Government Efficiency (DOGE) look to root out waste, fraud and abuse in the federal government. 

Musk likened the agency to ‘not an apple with a worm in it,’ but ‘just a ball of worms.’ 

‘You’ve got to basically get rid of the whole thing. It’s beyond repair,’ Musk wrote on X earlier this month.

Trump has moved to gut the agency after imposing a 90-day pause on foreign aid. The Trump administration plans to gut the agency and intends to leave fewer than 300 staffers on the job out of the current 8,000 direct hires and contractors. He has also appointed Secretary of State Marco Rubio as the acting director of USAID.

The news comes as thousands of staffers were notified weeks ago about pending dismissals. Some were seen leaving Washington, D.C., offices for the last time on Friday carrying boxes scrawled with messages that seemed to be directed at President Donald Trump.

Sen. Joni Ernst, R-Iowa, the Senate DOGE Caucus Chairwoman, recently published a list of questionable projects and programs she says USAID has helped fund over the years, including $20 million to produce a Sesame Street show in Iraq. 

Several more examples of questionable spending have been uncovered at USAID, including more than $900,000 to a ‘Gaza-based terror charity’ called Bayader Association for Environment and Development and a $1.5 million program slated to ‘advance diversity, equity, and inclusion in Serbia’s workplaces and business communities.’

Fox News’ Bill Mears, Andrew Mark Miller, Aubrie Spady, Deirdre Heavey, Caitlin McFall, Morgan Phillips and Emma Colton as well as Reuters and The Associated Press contributed to this report.

This post appeared first on FOX NEWS
Previous Post

Morning Glory: Change comes to the White House ‘press pool’ 

Next Post

Thales Partners With Cubic to Launch Next-generation eSIM Solutions for Connected Vehicles

BoldThemes

BoldThemes

Next Post
Thales Partners With Cubic to Launch Next-generation eSIM Solutions for Connected Vehicles

Thales Partners With Cubic to Launch Next-generation eSIM Solutions for Connected Vehicles

  • Trending
  • Comments
  • Latest
The Connectivity Standards Alliance Product Security Working Group Launches the IoT Device Security Specification 1.0

The Connectivity Standards Alliance Product Security Working Group Launches the IoT Device Security Specification 1.0

March 19, 2024
Israel says UN ‘deceiving’ world over aid delays to Gaza

Israel says UN ‘deceiving’ world over aid delays to Gaza

March 28, 2024
Conservative backlash to Israel aid bill could force Johnson to seek Democrat support again

Conservative backlash to Israel aid bill could force Johnson to seek Democrat support again

February 6, 2024
Gold and Silver Set to Smash Records: Could 2024 Be Their Biggest Year Yet?

Gold and Silver Set to Smash Records: Could 2024 Be Their Biggest Year Yet?

May 17, 2024

FBI Deputy Director Bongino: Illegal alien criminals and child predators are next in ongoing crackdown

0
Amid growing criticism of Biden foreign policy, experts credit wins while leaving room for improvement

Amid growing criticism of Biden foreign policy, experts credit wins while leaving room for improvement

0
Conservative backlash to Israel aid bill could force Johnson to seek Democrat support again

Conservative backlash to Israel aid bill could force Johnson to seek Democrat support again

0
Precision Manufacturing For Sensitive Equipment With CNC Machining

Precision Manufacturing For Sensitive Equipment With CNC Machining

0

FBI Deputy Director Bongino: Illegal alien criminals and child predators are next in ongoing crackdown

May 11, 2025

Trump inks trade deal with UK, previews China trade negotiations during 16th week in office

May 10, 2025

Denmark PM says ‘you cannot spy against an ally’ following reports of US spying on Greenland

May 10, 2025

Mexico sues Google for changing ‘Gulf of Mexico’ to ‘Gulf of America’ after Trump’s order

May 10, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent News

    FBI Deputy Director Bongino: Illegal alien criminals and child predators are next in ongoing crackdown

    May 11, 2025

    Trump inks trade deal with UK, previews China trade negotiations during 16th week in office

    May 10, 2025

    Denmark PM says ‘you cannot spy against an ally’ following reports of US spying on Greenland

    May 10, 2025

    Mexico sues Google for changing ‘Gulf of Mexico’ to ‘Gulf of America’ after Trump’s order

    May 10, 2025
    • About Us
    • Privacy Policy
    • Terms & Conditions
    • Contact

    Copyright © 2024 Topinvestingtoday.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Politics
    • Stock
    • Economy
    • Editor’s Pick

    Copyright © 2024 Topinvestingtoday.com. All Rights Reserved.