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US Slashes Foreign Aid Budgets by 92%

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  • US cuts overseas aid budgets by 92%
  • Over $54 billion in contracts reduced
  • Focus on 'America First' agenda programs
  • 5,800 awards eliminated, $4.4 billion grants cut
  • Priority on essential programs, efficiency
360 summary
  • The funding freeze has led to the termination of thousands of U.S.-funded programs abroad, affecting the majority of USAID staff through forced leave and firings.
  • Successful USAID programs combating outbreaks like Ebola and providing HIV/AIDS treatment in Africa have been cut off from agency funds, jeopardizing their continuation.
  • Nonprofits describe a rapid termination of USAID contracts worldwide by Trump political appointees and Elon Musk's teams, without allowing for a proper review process.
FortuneFortune
  • USAID official warned of more terminations, indicating further financial strain on contractors.
  • Democratic lawmaker criticized the mass contract terminations as a way to bypass lifting the funding freeze temporarily.
  • U.S. Global Leadership Coalition expressed shock at the move, highlighting concerns over the loss in critical areas like counterterrorism and global health.
FortuneFortune
  • The State Department and USAID swiftly targeted foreign aid programs for contract terminations in response to the federal court order.
  • Officials began processing back payments owed to U.S. and international organizations and companies after more than a month of no spending.
  • The Supreme Court will need to review the order to unfreeze billions of dollars related to foreign aid funding.
FortuneFortune
  • The State Department memo highlighted the administration's swift response to a federal court order, leading to significant terminations of USAID and State Department foreign aid programs.
  • Secretary of State Rubio confirmed becoming the acting USAID chief amidst the administration's efforts to realign foreign assistance delivery for advancing American interests.
  • USAID, established in the 1960s, operates in 60 nations with a significant workforce delivering aid globally, mainly through third-party organizations funded by the agency.
Fox NewsFox News
  • Elon Musk compared USAID to a "ball of worms" that needs complete removal due to irreparable issues.
  • Trump's administration intends to drastically reduce USAID staff, leaving fewer than 300 out of the current 8,000 direct hires and contractors.
  • Sen. Joni Ernst highlighted questionable projects funded by USAID, such as allocating $20 million for a Sesame Street show in Iraq.
Fox NewsFox News
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