83% of USAID's contracts canceled: Rubio | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Sunday
June 08, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SUNDAY, JUNE 08, 2025
83% of USAID's contracts canceled: Rubio

USA

Bloomberg
10 March, 2025, 08:00 pm
Last modified: 10 March, 2025, 08:07 pm

Related News

  • US says it will start revoking visas for Chinese students
  • US to issue visa bans for foreign nationals who 'censor' Americans, Rubio says
  • State Department refugee office to assume USAID's disaster aid role: cable
  • Trump calls his own foreign aid cuts at USAID 'devastating'
  • US aid cuts leave food for millions mouldering in storage

83% of USAID's contracts canceled: Rubio

Bloomberg
10 March, 2025, 08:00 pm
Last modified: 10 March, 2025, 08:07 pm
Marco Rubio. Photo: Oliver Contreras/Sipa/Bloomberg
Marco Rubio. Photo: Oliver Contreras/Sipa/Bloomberg

US Secretary of State Marco Rubio said he had officially canceled 83% of USAID's contracts and that his agency will administer its few remaining programs.

"The 5200 contracts that are now canceled spent tens of billions of dollars in ways that did not serve, (and in some cases even harmed), the core national interests of the United States," Rubio posted on X early Monday.

The secretary said the State Department would assume control of the remaining contracts, "in consultation with Congress."

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Rubio said the cuts come after a six week review of all USAID programs ordered at the start of President Donald Trump's second term. The foreign aid agency was an early target of Elon Musk's effort to slash government spending known as DOGE.

In its first days in office, the Trump administration shuttered the USAID offices and froze all spending pending the review, interrupting programs around the world.

"Thank you to DOGE and our hardworking staff who worked very long hours to achieve this overdue and historic reform," Rubio wrote.

The US Supreme Court last week reinstated a lower court order that requires the quick disbursement of as much as $2 billion owed to contractors for already completed work.

World+Biz

Marco Rubio / USAID

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Muhammad Yunus (L) and Narendra Modi. Photo: Collected
    Modi sends Eid-ul-Adha greetings, Yunus calls for continued bilateral cooperation
  • A file photo of BNP Secretary General Mirza Fakhrul Islam Alamgir speaking at a programme. Photo: BSS
    'Ramadan, scorching summer, academic season': Fakhrul outlines why April election a bad idea
  • Chief Adviser Muhammad Yunus. File Photo: Courtesy
    Yunus to visit UK 10–13 June; King Charles to present ‘Harmony Award 2025’

MOST VIEWED

  • Army Chief General Waker-Uz-Zaman and his wife exchange Eid greetings with Chief Adviser Muhammad Yunus at the State Guest House Jamuna in Dhaka today (7 June). Photo: CA Press Wing
    Army chief exchanges Eid greetings with CA Yunus
  • Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal
    From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics
  • BNP Standing Committee criticises chief adviser's speech, calls for national election by December
    BNP Standing Committee criticises chief adviser's speech, calls for national election by December
  • Rawhide collected from various parts of the city. Photo taken on 7 June in Old Dhaka. Rajib Dhar/ TBS
    Rawhide prices see slight increase, but below fair value
  • File Photo: British MP Tulip Siddiq attends a news conference with Richard Ratcliffe, the husband of jailed British-Iranian aid worker Nazanin Zaghari-Ratcliffe, in London, Britain October 11, 2019. Photo: REUTERS/Peter Nicholls/File Photo
    Tulip requests CA Yunus for a meeting over corruption allegations: Guardian
  • CA’s televised address to the nation on the eve of the Eid-ul-Adha on 6 June. Photo: Focus Bangla
    National election to be held any day in first half of April 2026: CA

Related News

  • US says it will start revoking visas for Chinese students
  • US to issue visa bans for foreign nationals who 'censor' Americans, Rubio says
  • State Department refugee office to assume USAID's disaster aid role: cable
  • Trump calls his own foreign aid cuts at USAID 'devastating'
  • US aid cuts leave food for millions mouldering in storage

Features

Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal

From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics

1d | Bangladesh
Illustration: TBS

Unbearable weight of the white coat: The mental health crisis in our medical colleges

4d | Panorama
(From left) Sadia Haque, Sylvana Quader Sinha and Tasfia Tasbin. Sketch: TBS

Meet the women driving Bangladesh’s startup revolution

4d | Panorama
Illustration: TBS

The GOAT of all goats!

5d | Magazine

More Videos from TBS

Why are traders worried about losses in the leather business again?

Why are traders worried about losses in the leather business again?

5h | TBS Stories
Why do political parties have different opinions about the elections in April?

Why do political parties have different opinions about the elections in April?

10h | TBS Stories
Power shift in Chinese politics, Is Li Qiang emerging in Xi Jinping's shadow?

Power shift in Chinese politics, Is Li Qiang emerging in Xi Jinping's shadow?

1d | TBS World
Commercial cultivation of red and black grapes on the soil of Bangladesh

Commercial cultivation of red and black grapes on the soil of Bangladesh

13h | TBS Stories
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net