Israel’s Foreign Ministry rejected the findings, saying the IPC’s previous forecasts had proven unfounded and that the group undercounted the amount of aid that entered Gaza during a ceasefire earlier this year.
Foreign aid experts say that it is normal for an incoming administration to examine how aid is allocated and make changes based on its values.“For a new administration to come in and review aid to see if it’s in line with their view of the American interest and their policy priorities, their general orientation, in theory this is totally normal and appropriate. Elections have consequences,” said Bonnifield.
She added, however, that the information being spread on social media about USAID funding shows a lack of understanding of how the agency works.“There are certain motivations being assigned to it that don’t really seem to square with the facts and people are kind of reaching conclusions without understanding what’s happening,” she said. “That’s not to say necessarily all those expenses are good or should continue, but they’re implying intent that isn’t there.”Roberts described the Trump administration’s current approach to USAID as “shoot now, ask questions later” in which it is amplifying any funding data it can by using “incendiary accusations based on nothing.”
“They just tend to obscure any kind of rational discussion about whether this agency is worthwhile and what its goals are and what’s the purpose of foreign aid,” he said in reference to recent social media posts about USAID funding.Bonnifield and Roberts agreed that further research would be necessary to determine independently from political views whether there are instances of inappropriate or wasteful spending.
USAID is an independent agency that has provided humanitarian and development assistance around the world for more than 60 years. According to its
, the agency worked in more than 100 countries worldwide guided by five areas of focus: promoting global health, support global stability, providing humanitarian assistance, catalyzing innovation and partnership, and empowering women and girls.The Russell 2000 is down 116.90 points, or 5.2%.
U.S. stocks leapt after China and the United States announced a 90-day truce in their trade war.The S&P 500 jumped 3.3% Monday. The Dow Jones Industrial Average rose more than 1,100 points, and the Nasdaq composite rallied 4.3%.
Hopes for an economy less encumbered by tariffs also sent crude oil prices higher. The U.S. dollar strengthened against other currencies, and Treasury yields jumped on expectations the Federal Reserve won’t have to cut interest rates so deeply this year in order to protect the economy.Analysts warned conditions could still quickly change, as has so often happened in President Donald Trump’s trade wars.