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Economics @lemmy.world

Trump and Musk froze USAID funding to put Americans first. US citizens are feeling the impact.

Summary

Trump’s 90-day freeze on USAID funding, intended to curb wasteful spending, has led to at least 12,700 American job losses, especially in North Carolina, a major recipient of USAID contracts.

Contractors, universities, and small businesses tied to USAID face layoffs, financial uncertainty, and lawsuits challenging the freeze.

Critics argue the move harms US workers more than foreign aid recipients.

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