Bull Hedging
  • Politics
  • Stocks
  • Business
  • Investing
  • Politics
  • Stocks
  • Business
  • Investing

Bull Hedging

Politics

White House proposal axes UN, NATO funds and halves State Department budget

by admin April 17, 2025
April 17, 2025
White House proposal axes UN, NATO funds and halves State Department budget

The Trump administration is mulling a proposal that would slash the State Department budget by $27 billion – nearly in half – and shutter smaller embassies and consulates across the globe. 

The proposal calls for the elimination of funding for more than 20 international organizations, including the United Nations, NATO and the Organization of American States, a diplomatic source in possession of the document told Fox News Digital. 

The U.S. contributed around $13 billion to the United Nations in 2023 and around $3.5 billion to NATO. The proposed budget calls for allocating $2 billion for ‘America First’ priorities. Those coffers could be used for ‘specific partners’ like India and Jordan, according to the document, or broader priorities, like the South Pacific Tuna Treaty. 

However, a State Department spokesperson said Tuesday, ‘there is no final plan, final budget.’ 

The proposal is an early draft and has to pass layers of approval within the administration before it even gets to Congress. Congress can then take it as an outline but ultimately draw up its own budget figures. 

The foreign service travel budget and benefits would be scaled back, and the Fulbright scholarship program would be eliminated.

The document calls for a 2% reduction in diplomatic security, cuts to the inspector general’s office and the closure of smaller embassies in countries such as the Maldives, Malta, Luxembourg and the Central African Republic.

It also proposes a 54% cut to global public health funding, with carve-outs for malaria, HIV, and tuberculosis, and a complete elimination of international peacekeeping funds.

When asked about the budget plan during a State Department briefing, spokesperson Tammy Bruce said, ‘Throughout the history of the United States, everyone has a budget plan and everyone has ideas for budgets. And every president has a budget plan and sends it to Congress. And then Congress either accepts it or they have their own ideas, which happens more often than not.’

‘There is no final plan, final budget,’ she emphasized. 

The Trump administration has moved quickly to dismantle foreign aid, eliminating nearly 90% of USAID projects and merging the agency with the State Department and defunding ‘soft power’ institutions like Voice of America, Radio Free Europe, Radio Free Asia and Middle East Broadcasting networks. 

The White House budget is set to be transferred to Congress next month before the Republican-led House and Senate get to work on passing appropriations bills for each agency of government. 

Meanwhile, agencies are expected to present their own plans for reorganization to the White House this week, outlining what cuts they believe are necessary to further shrink the federal government. The State Department has not yet publicly detailed its plans for downsizing. 

As reports of the cuts emerged, Democrats warned that U.S. adversaries would fill the vacuum left by America around the world. 

The cuts ‘would leave our country alone and exposed and allow China and Russia to fill the vacuum made vacant by this administration,’ according to Sen. Jeanne Shaheen, N.H., top Democrat on the Foreign Relations Committee. 

‘Why in the world would we cut funding for NATO at a moment when war is raging in Europe and security threats on the continent grow?’ she added.

It is not clear whether Secretary of State Marco Rubio endorses the initial proposal. ‘I want to hear from Secretary Rubio directly,’ said Sen. Brian Schatz, Hawaii, top Democrat on the Senate Appropriations subcommittee that handles State funding, calling the reports ‘deeply troubling.’

This post appeared first on FOX NEWS

previous post
Bipartisan senators push tougher penalties for foreign-backed crimes on US soil
next post
Trade Pullbacks Like a Pro: Simple Moving Average Strategy That Works

Related Posts

State Department’s ‘Global Engagement Center’ accused of censoring...

December 27, 2024

Booker concludes record 25-hour speech against Trump, Musk,...

April 2, 2025

The Hitchhiker’s Guide to President Trump’s speech to...

March 5, 2025

GOP senator reveals strategy to push Trump’s policies...

March 7, 2025

Biden interview audio reveals who brought up Beau’s...

May 18, 2025

The ‘F-word’: Schumer says Trump’s first 100 days...

May 1, 2025

Pentagon transfers out 3 Guantanamo Bay detainees

December 19, 2024

‘FOOD BABE’ VANI HARI: Don’t boo the MAHA...

April 6, 2025

Canada’s Trudeau announces resignation following party pressure amid...

January 7, 2025

Trump’s fresh White House portrait sparks interest amid...

June 3, 2025

Recent Posts

  • Hedge Market Volatility with These Dividend Aristocrats & Sector Leaders
  • S&P 500 Bullish Patterns: Are Higher Highs Ahead?
  • S&P 500 on the Verge of 6,000: What’s at Stake?
  • Clusters of Long Winning Streaks: What They’re Telling Us
  • Three Charts Showing Proper Moving Average Alignment

Recent Comments

No comments to show.

About Us

About Us

Design Magazine

Welcome to Design Magazine. Follow us for daily & updated design tips, guide and knowledge.

Stay Connect

Facebook Twitter Instagram Pinterest Youtube Email

Recent Posts

  • Hedge Market Volatility with These Dividend Aristocrats & Sector Leaders

    June 6, 2025
  • S&P 500 Bullish Patterns: Are Higher Highs Ahead?

    June 6, 2025
  • S&P 500 on the Verge of 6,000: What’s at Stake?

    June 6, 2025
  • Clusters of Long Winning Streaks: What They’re Telling Us

    June 6, 2025
  • Three Charts Showing Proper Moving Average Alignment

    June 6, 2025
  • Biden only hand-signed one pardon during final spree, and it was his most controversial one

    June 6, 2025

Editors’ Picks

  • 1

    Small Caps are Set to Skyrocket in 2025—Here’s What You Need to Know

    December 12, 2024
  • 2

    Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • 3

    Uranium Price Forecast: Top Trends That Will Affect Uranium in 2025

    December 19, 2024
  • 4

    Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 31, 2024
  • 5

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 6

    Trudeau declares himself ‘proud feminist’ after lamenting Harris loss to Trump as setback for women

    December 13, 2024
  • 7

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
Promotion Image

banner

Categories

  • Business (390)
  • Investing (1,283)
  • Politics (1,587)
  • Stocks (530)
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Disclaimer: bullhedging.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2025 bullhedging.com | All Rights Reserved