Foreign aid agency Millennium Challenge Corporation to shut down as part of DOGE efforts
- The Millennium Challenge Corporation, a federal agency fostering economic growth, is being effectively shut down.
- This shutdown is part of Elon Musk's Department of Government Efficiency efforts to reduce federal spending.
- Employees learned via email Tuesday about the plan to eliminate most staff and received separation options.
- The email stated "there will soon be a significant reduction in staff and programs".
- Critics argue these major foreign aid cuts cede influence to China, which funds infrastructure with loans.
33 Articles
33 Articles
Millennium Challenge Corporation ‘shutting down’ in latest cut to foreign aid
The Department of Government Efficiency is looking to essentially shut down the Millennium Challenge Corporation — the latest in a series of cuts to foreign aid agencies. Agency leaders told employees in meetings on Tuesday that the agency will soon cut all but a few employees to run legally mandated programs, and that the agency will begin terminating contracts. “It’s shutting down, and I think it’s shutting down sooner rather than later,” an M…
Foreign aid agency Millennium Challenge Corporation to shut down as part of DOGE efforts
(CNN) — A federal agency that focuses on fostering economic growth in developing countries is being effectively shut down as part of efforts by Elon Musk’s Department of Government Efficiency to reduce federal spending, sources told CNN.
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