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You are here: Home / Foreign Affairs / Trump Plans to Rescind Billions in Foreign Aid

Trump Plans to Rescind Billions in Foreign Aid

August 29, 2025 at 10:01 am EDT By Taegan Goddard Leave a Comment

“President Donald Trump asked Congress to claw back nearly $5 billion in already-approved foreign aid spending, a proposal timed to take advantage of the looming end of the fiscal year and allowing him to cut the funding himself if lawmakers fail to act by the close of September,” Bloomberg reports.

Politico: White House declares $4.9B in foreign aid unilaterally canceled in end-run around Congress’ funding power.

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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