USAID: U.S. Slashes Foreign Aid Contracts by Over 90%

The United States has significantly reduced its foreign aid budget under the United States Agency for International Development (USAID), cutting multi-year contracts by a staggering 92%, amounting to a reduction of $54 billion. Massive Cuts to Foreign Aid Contracts As part of the cost-cutting measures, approximately 5,800 foreign aid contracts have been terminated. This decision […]