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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Elon Musk Dismantles USAID, Issues Social Security Warnings but Yet To Curb Congressional Insider Trading

Elon Musk's DOGE recently cancelled almost £803.44 million in US Department of Education contracts. (Credit: AFP News)

Elon Musk's US Department of Government Efficiency (DOGE) is tasked with streamlining government processes and reducing unnecessary spending. In doing so, DOGE has taken drastic steps like dismantling the USAID in early February and issuing threats to federal entitlements, including Social Security, either claiming these are "criminal organisations" or involved in massive fraudulent activities.

USAID, responsible for international development, went from disbursing billions in aid to programmes globally to a dead stop in weeks. Elsewhere, Musk began issuing threats to federal entitlements like Social Security and Medicare, alleging widespread fraud across these programmes.

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