Trade Insights Today - Investing and Stock News
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Trade Insights Today - Investing and Stock News
No Result
View All Result
Home Latest News

DOGE slashes nearly $1M for alpaca farming in Peru, other questionable grants in latest wasteful spending cut

by
March 5, 2025
in Latest News
0
DOGE slashes nearly $1M for alpaca farming in Peru, other questionable grants in latest wasteful spending cut
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Department of Government Efficiency (DOGE) on Tuesday announced the cancelation of $4.5 million in grants, including one for alpaca farming in Peru, another for reducing social discrimination of recyclers in Bolivia and another for promoting cultural understanding of Venezuelan migrants in Brazil.

The Inter-American Foundation, an agency given a $60 million budget to issue foreign grants, was reduced to its statutory minimum — one active employee, according to a statement from DOGE. 

Grants that were canceled in the process included $903,811 for alpaca farming in Peru, $364,500 to reduce social discrimination against recyclers in Bolivia, and $323,633 to promote cultural understanding of Venezuelan migrants in Brazil, according to DOGE.

Other big ticket grants that were slashed included $813,210 for vegetable gardens in El Salvador, $731,105 to improve the marketability of mushrooms and peas in Guatemala, $677,342 to expand fruit and jam sales in Honduras, $483,345 to improve artisanal salt production in Ecuador and $39,250 for beekeeping in Brazil.

DOGE, led by Elon Musk, is a temporary organization within the White House created via executive order earlier this year.

President Donald Trump tasked the organization with optimizing the federal government, streamlining operations, and slashing spending — and gave them just 18 months to do it.

As of March 4, DOGE’s website claims 2,334 contract terminations totaling $8 billion in savings, 3,489 grant terminations for roughly $10 billion in savings, and 748 lease terminations totaling about $660 million in lease savings.

It also claims to have saved about $105 billion from a ‘combination of fraud detection/deletion, contract/lease cancelations, contract/lease renegotiation, asset sales, grant cancelations, workforce reductions, programmatic changes and regulatory savings.’

DOGE critics allege the organization has too much access to federal systems and should not be permitted to cancel federal contracts or make cuts at various agencies.

It canceled numerous diversity, equity and inclusion (DEI) initiatives at federal agencies, consulting contracts, leases for underused federal buildings, and duplicate agencies and programs.

The Inter-American Foundation did not immediately respond to Fox News Digital’s request for comment on Tuesday.

Fox News Digital’s Eric Revell contributed to this report.

This post appeared first on FOX NEWS
Previous Post

Starbucks poaches Nordstrom CFO as executive shake-up continues

Next Post

Conservatives flip script on Senate Dems pushing identical talking points against Trump: ‘Like robots’

Next Post
Conservatives flip script on Senate Dems pushing identical talking points against Trump: ‘Like robots’

Conservatives flip script on Senate Dems pushing identical talking points against Trump: ‘Like robots’

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest
    Buy Bitcoin Under $100K Before The Next Bull Run

    Buy Bitcoin Under $100K Before The Next Bull Run

    April 22, 2025
    KIATOKEN ICO (KIA): Transforming Philanthropy with Crypto

    KIATOKEN ICO (KIA): Transforming Philanthropy with Crypto

    April 3, 2024
    Consumers are tired of price increases. Big brands are paying attention.

    Consumers are tired of price increases. Big brands are paying attention.

    February 23, 2024
    Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke

    Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke

    0
    Rite Aid is closing more than 150 stores as part of its bankruptcy process

    Rite Aid is closing more than 150 stores as part of its bankruptcy process

    0
    Here are the nine Republicans running for House speaker

    Here are the nine Republicans running for House speaker

    0
    Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke

    Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke

    July 7, 2025
    Iran still wants a nuclear weapon despite ‘serious damage’ from US, Israeli strikes: expert warns

    Iran still wants a nuclear weapon despite ‘serious damage’ from US, Israeli strikes: expert warns

    July 6, 2025
    Democrats project doom and gloom, not celebration, with July 4 messages

    Democrats project doom and gloom, not celebration, with July 4 messages

    July 5, 2025
    • About us
    • Contact Us
    • Email Whitelisting
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact Us
    • Email Whitelisting
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Tradeinsightstoday.com

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Tradeinsightstoday.com