Marco Rubio Cancels Majority of USAID Contracts, Citing Elon Musk’s Doge Influence

Senator Marco Rubio has made a startling announcement that 83% of USAID contracts will be canceled, a decision he attributes to the influence of Elon Musk's cryptocurrency, Dogecoin. Rubio's statement has stirred significant controversy, with critics arguing that this move will severely impact global health initiatives and other aid programs funded by the U.S. agency.

The decision comes amidst reports that the use of Dogecoin in international transactions, as encouraged by Musk, has led to financial instability in certain regions, particularly in Africa, where USAID funds have been crucial. Rubio's critique extends to former President Donald Trump, suggesting that his administration's policies laid the groundwork for such cryptocurrency influence.

This drastic reduction in USAID's operational capacity has raised alarms about the potential for increased disease outbreaks and decreased support for developing nations. The move is seen by some as a political statement against the growing influence of cryptocurrencies in global finance, rather than a solution to the issues at hand.

• Dogecoin
• Elon Musk
• Marco Rubio
• USAID

Detailed

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