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Can Trump and Musk Shut Down USAID Without Congress?
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Subscribe05 FEB 2025 / ECONOMY
Elon Musk, who heads the Department of Government Efficiency under President Trump, seeks to shut down the U.S. Agency for International Development (USAID), citing inefficiency and corruption. This move is sparking widespread debate and criticism, with implications ranging from disrupted treasury payments to U.S. contractors, potential shifts in global influence favoring China and Russia, and mounting uncertainty in the business and stock market spheres.
If you thought Washington was chaotic before, hold onto your hats, because Elon Musk and President Trump just threw another wrench into the gears. The U.S. Agency for International Development (USAID), which has been doling out billions in foreign aid for...
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