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Elon Musk, the world’s richest man, boasted that he was gutting the federal agency tasked with providing foreign aid to its poorest. The agency’s funding in 2023 was about $40 billion, which represented less than 1 percent of the federal budget. “We spent the weekend feeding USAID into the wood chipper,” Musk, the tech billionaire head of the so-called Department of Government Efficiency, posted on his social media platform, X.
The United States Agency for International Development (USAID) was established in 1961 to provide foreign assistance to impoverished countries around the world through food aid and humanitarian and economic development work. It is also one of the world’s largest providers of contraception through its family planning program.