• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

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

by March 10, 2025
written by March 10, 2025

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
0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump admin ends waiver allowing Iraq to buy Iranian electricity as part of ‘maximum pressure’ campaign
next post
Trump Organization sues Capital One bank over account closures after Jan. 6 Capitol riot

related articles

Schumer claims Trump admin withholding Epstein files, threatens...

August 15, 2025

From admiration to Alaska: A timeline of Trump...

August 15, 2025

American history won’t be displayed ‘in a woke...

August 15, 2025

Armenia and Azerbaijan leaders seek to ease Russian...

August 14, 2025

Social Security is 90 years old. We are...

August 14, 2025

Trump admin unveils groundbreaking tool ‘supercharging’ gov’t efficiency...

August 14, 2025

DNC rips JD Vance for fishing with British...

August 13, 2025

Vance: Adversaries are ‘afraid’ of US military, and...

August 13, 2025

Trump threatens ‘very severe’ consequences if Russia doesn’t...

August 13, 2025

Trump predicts little progress in potential shutdown talks...

August 13, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


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!

Latest News

  • Blinken questioned for State Department hosting in-house therapy sessions after Trump win

    November 24, 2024
  • Dem senators rip GOP’s ‘Silence of the Lambs’ as Trump marks 100th day

    April 29, 2025
  • New Republican leader Lisa McClain talks messaging ‘playbook’ in the Trump era

    January 23, 2025
  • SCOOP: Freedom Caucus threatens to force vote on Al Green measure if Johnson doesn’t act

    March 12, 2025
  • ‘No betrayal’ in Trump move toward Ukraine war negotiations, Hegseth says

    February 13, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,715)
  • Investing (634)
  • Stock (884)

Latest Posts

  • Federal judge orders Trump admin to restore public health web pages

    February 11, 2025
  • Ripple and Tron: Tron is retreating from the weekly high

    August 22, 2024
  • UiPath to lay off 10% of workforce in companywide restructuring

    July 10, 2024

Recent Posts

  • Schumer refuses to step down as Senate Dem leader, defends shutdown vote

    March 23, 2025
  • How investors can prepare for lower interest rates: It’s ‘like getting a haircut,’ advisor says

    August 24, 2024
  • DOGE slashes millions more in ‘nonsense’ contracts across several federal agencies

    February 12, 2025

Editor’s Pick

  • Highlights from President-elect Donald Trump’s 1st Inauguration Day; what to expect from Monday

    January 18, 2025
  • OpenAI announces a search engine called SearchGPT; Alphabet shares dip

    July 26, 2024
  • Is Google about to break up? US DoJ mulls over historic move to curb ‘illegal monopoly’

    August 14, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock