Billionaire entrepreneur Elon Musk, who leads President Donald Trump's federal cost-cutting initiative, announced plans to shut down the U.S. Agency for International Development (USAID) as part of a broader effort to shrink the government.
Speaking on a social media talk on X early Monday, Musk described USAID as "beyond repair" and confirmed that President Trump supports the decision. Musk, who also heads Tesla and SpaceX, was joined in the discussion by former Republican presidential candidate Vivek Ramaswamy and Senators Joni Ernst and Mike Lee.
The move comes as part of the Department of Government Efficiency (DOGE), the panel Musk leads to identify federal budget cuts. USAID, the world’s largest single donor, disbursed $72 billion in global assistance in fiscal year 2023, supporting programs ranging from women’s health and clean water to HIV/AIDS treatment and anti-corruption efforts.
Musk claimed the administration could cut $1 trillion from the U.S. deficit next year, citing alleged fraud in foreign aid, though he provided no evidence to support his claims.
The announcement follows reports that the Trump administration removed two top security officials at USAID over the weekend after they resisted DOGE representatives' attempts to access restricted areas within the agency.
USAID’s website remains offline, and concerns are mounting over the fate of critical humanitarian programs. Trump's "America First" policy, which includes a global freeze on most U.S. foreign aid, has raised alarms internationally, with refugee aid, landmine clearance, and HIV treatments at risk of elimination.
Musk’s expanding influence over government systems, including reported access to the U.S. Treasury’s payment infrastructure, has sparked criticism from lawmakers. Senator Peter Welch (D-VT), a member of the Senate Finance Committee, condemned Musk's access as a "gross abuse of power" and called for greater transparency.
Despite the backlash, Trump continues to back Musk's leadership. "He's a big cost-cutter," Trump said on Sunday. "Sometimes we won't agree with it... but I think he's doing a great job. He's a smart guy. Very smart."
Musk’s team has also reportedly taken control of the Office of Personnel Management (OPM), locking career civil servants out of systems containing sensitive data on millions of federal employees.
Since returning to office 11 days ago, Trump has initiated a sweeping overhaul of the federal government, dismissing hundreds of civil servants and installing loyalists across key agencies.
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Russia launched another wave of missile and drone attacks across Ukraine on Wednesday, killing at least nine people and underscoring Kyiv's growing co...
U.S. President Donald Trump has informed Syrian President Ahmed al-Sharaa that he intends to remove Syria from the United States' list of state sponso...
Rocket Lab has agreed to acquire Iridium Communications in an $8 billion deal, giving the space company a global satellite communications network and accelerating its expansion beyond launch services. The acquisition marks a major step in its ambition to become a fully integrated space business.
A federal judge has ordered Elon Musk to testify under oath in two proposed class-action lawsuits accusing him of misleading voters in swing states with his $1 million-a-day giveaway ahead of the 2024 U.S. election.
Tesla has been sued by the family of a 76-year-old Texas woman who was killed when a driver using the company’s Model 3 driver-assistance system crashed into her suburban Houston home, according to a lawsuit filed Tuesday (23 June).
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
The U.S. says it has launched strikes on Iran after alleged attacks on three commercial vessels in the Strait of Hormuz. Washington described the action as a response to threats against civilian shipping and a breach of the ceasefire.
U.S. President Donald Trump said on Wednesday that the memorandum of understanding signed with Iran to end the conflict was "over", adding he did not want to engage with Tehran, calling the Iranian leadership "sick people".
NATO leaders are unveiling multi-billion-dollar arms deals in Ankara as President Donald Trump joins the summit, highlighting Europe's increased defence spending amid tensions over Russia and Iran, and following years of U.S. criticism of the alliance.
Mark Rutte, Secretary General of NATO, has described fresh U.S. strikes on Iran as "absolutely necessary," in remarks at the start of the second day of the alliance's sumit in the Turkish capital Ankara.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 8th of July, covering the latest developments you need to know.
China's technology sector is producing billion-dollar startups at its fastest pace in nearly five years, with artificial intelligence and robotics driving a new wave of investment that is reshaping the country's innovation economy.
Russia launched another wave of missile and drone attacks across Ukraine on Wednesday, killing at least nine people and underscoring Kyiv's growing concerns over dwindling supplies of U.S.-made air-defence interceptors.
U.S. President Donald Trump has informed Syrian President Ahmed al-Sharaa that he intends to remove Syria from the United States' list of state sponsors of terrorism, a move that could pave the way for greater foreign investment and deeper economic engagement with Washington.
Mark Rutte, Secretary General of NATO, has described fresh U.S. strikes on Iran as "absolutely necessary," in remarks at the start of the second day of the alliance's sumit in the Turkish capital Ankara.
U.S. President Donald Trump has said the United States will grant Ukraine a licence to produce Patriot interceptor missiles, a potentially significant step that could help Kyiv strengthen its air defences against Russia.
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