The Financial Horizons
No Result
View All Result
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
The Financial Horizons
No Result
View All Result
Home Latest News

Sec Rubio says purge of USAID programs complete with 83% gone, remainder now falling under State Dept

by
March 10, 2025
in Latest News
0
Sec Rubio says purge of USAID programs complete with 83% gone, remainder now falling under State Dept
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

Secretary of State Marco Rubio announced that 83% of USAID programs will be canceled following the conclusion of a six-week review by Elon Musk’s Department of Government Efficiency (DOGE).

In total, 5,200 contracts are being terminated, Rubio wrote in his early Monday morning post on X announcing the new reforms. He said the canceled contracts amounted to ‘tens of billions of dollars’ being spent ‘in ways that did not serve,’ or even harmed, the national interests of the U.S.

Rubio added that the remaining 18% of USAID programs—approximately 1,000—will now be managed by the State Department. The move to transfer that authority, he said, was made in consultation with Congress. 

In his Monday morning post, Rubio also thanked DOGE and its ‘hardworking staff who worked very long hours to achieve this overdue and historic reform.’ Musk responded to the post, adding ‘good working with you,’ calling the work ‘tough but necessary.’

‘The important parts of USAID should always have been with Dept of State,’ Musk wrote. 

The pair reportedly got into a heated exchange last week during a meeting with President Donald Trump’s Cabinet officials, which included Musk, over whether Rubio was doing enough to implement cuts at USAID. Trump reportedly defended Rubio during the spat, according to The New York Times, chiming in that he was doing a ‘great job’ in such a demanding and high-pressure position. Trump later wrote on Truth Social that the two ‘have a great relationship.’

 

USAID was an early target of Trump, who, just hours after taking office, ordered a 90-day pause on all U.S. foreign assistance programs pending a review to ensure those programs aligned with American interests. Musk has also been at the forefront of criticism of the agency, asserting it is ‘beyond repair’ and likening the agency’s spending to illegal money laundering for left-wing nonprofits.

As the Trump administration has sought to dismantle USAID, a slew of lawsuits seeking to halt its actions have come down. The Supreme Court issued an emergency ruling last week, refusing to halt a judge’s order directing the Trump administration to resume $2 billion in foreign aid payments owed to other countries via pre-existing contracts.

Fox News Digital reached out to the State Department for comment but did not immediately hear back. 

This post appeared first on FOX NEWS
Previous Post

Trump admin ends waiver allowing Iraq to buy Iranian electricity as part of ‘maximum pressure’ campaign

Next Post

Dems weaponize Medicaid anxiety in bid to take down Trump-backed federal funding plan

Next Post
Dems weaponize Medicaid anxiety in bid to take down Trump-backed federal funding plan

Dems weaponize Medicaid anxiety in bid to take down Trump-backed federal funding plan

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Iran talks with Europeans set for Friday; White House sees ‘substantial chance’ for renewed negotiations

    Iran talks with Europeans set for Friday; White House sees ‘substantial chance’ for renewed negotiations

    June 20, 2025
    Kurilla warfare: Meet the general leading US military forces in the Middle East amid Iran conflict

    Kurilla warfare: Meet the general leading US military forces in the Middle East amid Iran conflict

    June 19, 2025
    US Ambassador to Israel Mike Huckabee indicates US is working to offer evacuation options

    US Ambassador to Israel Mike Huckabee indicates US is working to offer evacuation options

    June 19, 2025
    Mystery flights from China to Iran raise questions amid Israel conflict

    Mystery flights from China to Iran raise questions amid Israel conflict

    June 19, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved

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

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved