The US State Department announced a significant reduction in overseas development and aid budgets, slashing multiyear contracts by 92 percent, amounting to $54 billion. This initiative, spearheaded by President Trump, involves a 90-day aid freeze for reviewing programs not consistent with his America First policy. The review led to nearly 5,800 foreign assistance awards being identified for elimination, while also cutting 28 percent of grants valued at $4.4 billion. Essential programs, such as food assistance and medical treatment for diseases, remain funded to support critical humanitarian needs.
The United States has dramatically cut its overseas development and aid budgets, reducing multiyear contracts by 92 percent, totaling $54 billion, as part of the America First agenda.
This review process, featuring significant input from USAID leadership and high-level political oversight, has led to a streamlined approach to foreign aid, ensuring alignment with key national priorities.
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