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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: ges 🐝  😊 😞
Number: of 15062 
Subject: Re: The Coup Underway and Call to Americans
Date: 02/03/2025 9:15 AM
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He wants to know why a government entity created and funded by congress as an independent body to spend U.S. foreign aid

Congress controls the purse strings and passed the Foreign Assistance Act, but apparently JFK created USAID by executive order. So, it is money designated by Congress, so how can President Musk just shut it down?

In 1961, President Kennedy signed the Foreign Assistance Act into law and created USAID by executive order. Once USAID got to work, international development assistance opportunities grew tremendously. The time during the Kennedy and Johnson administrations became known as the “decade of development.”

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