The Trust Nest
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    Popular Topics
    • American citizen killed in Russian attack on Kyiv, State Department confirms
    • ‘It just baffles me’: Senate Republicans sound alarm over Medicaid changes, spending in Trump megabill
    • One number could define the Iran-Israel conflict’s outcome
    • Taking on Israel’s greatest foe has banished Netanyahu’s political troubles in an instant
    • Trump’s stance against Iran nuclear ambitions backed by vast majority of Americans: poll
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting
    The Trust Nest
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy
    • Latest News

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

    • March 5, 2025

    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
    Related Topics
    • Featured

    Previous Article
    • Economy

    Trump’s tariffs could plunge Mexico and Canada into a recession

    • March 5, 2025
    View Post
    Next Article
    • Economy

    A German tattoo artist came to the US for a 3-week trip. She’s now been in ICE detention for over a month

    • March 5, 2025
    View Post
    Enter Your Information Below To Receive Trading Ideas and Latest News

      Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
      Popular Topics
      • American citizen killed in Russian attack on Kyiv, State Department confirms
      • ‘It just baffles me’: Senate Republicans sound alarm over Medicaid changes, spending in Trump megabill
      • One number could define the Iran-Israel conflict’s outcome
      • Taking on Israel’s greatest foe has banished Netanyahu’s political troubles in an instant
      • Trump’s stance against Iran nuclear ambitions backed by vast majority of Americans: poll
      • About us
      • Contacts
      • Privacy Policy
      • Terms and Conditions
      • Email Whitelisting
      Copyright © 2025 thetrustnest.com | All Rights Reserved

      Input your search keywords and press Enter.