Home Top Story Politics ‘Musk unleashed’: Shuts down USAID, gains access to Treasury

‘Musk unleashed’: Shuts down USAID, gains access to Treasury

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Elon Musk llega a la toma de posesión presidencial en el Capitolio de Estados Unidos en Washington, el lunes 20 de enero de 2025. (Chip Somodevilla/Pool foto vía AP)

Elon Musk has once again unleashed “Shock & Awe,” announcing the demolition and closure of USAID, the U.S. foreign aid agency with 10,000 employees that distributes $40 billion annually to 180 nations.

The headquarters in Washington, D.C., has been shut down, with Musk locking out 600 employees.

The tech billionaire declared the agency “beyond repair,” posting: “It became clear this isn’t just an apple with a worm inside. What we have is a tangled mess of worms. Essentially, the whole thing needs to go. It’s beyond fixing.” The drastic move sent shockwaves across the globe.

NEW YORK, NEW YORK - NOVEMBER 16: President-elect Donald Trump and Elon Musk pose for a photo during the UFC 309 event at Madison Square Garden on November 16, 2024 in New York City. (Photo by Jeff Bottari/Zuffa LLC)
NEW YORK, NEW YORK – NOVEMBER 16: President-elect Donald Trump and Elon Musk pose for a photo during the UFC 309 event at Madison Square Garden on November 16, 2024 in New York City. (Photo by Jeff Bottari/Zuffa LLC)

Musk’s Financial Power Grab Sparks Panic

Ending U.S. foreign aid wasn’t the only bombshell: Musk’s new government efficiency agency, DOGE, has gained access to the core of the U.S. financial system—specifically, Treasury portals handling transactions worth $5 trillion. The move triggered panic in the financial sector.

Reports indicate that Musk has already halted payments to government contractors.

Trump and Musk Slash Aid to South Africa

Trump and Musk also announced cuts to aid for South Africa—Musk’s birthplace. The country’s majority-Black government faces accusations of “human rights violations,” particularly regarding a controversial land confiscation law allegedly targeting White property owners.

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