financetom
Economy
financetom
/
Economy
/
Trump slashes aid to Central America over migrants
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump slashes aid to Central America over migrants
Jun 18, 2019 1:13 AM

US President Donald Trump's administration on Monday cut hundreds of millions of dollars in aid to El Salvador, Guatemala and Honduras, after Trump blasted the three countries because thousands of their citizens had sought asylum at the US border with Mexico.

Share Market Live

NSE

The plan will likely encounter stiff opposition in Congress.

Lawmakers, including some of Trump's fellow Republicans as well as Democrats, have chafed against the president's repeated decisions to disregard spending bills passed by Congress, some of which he has signed into law himself.

Lawmakers who opposed the plan said it was cruel to cut off aid to countries grappling with hunger and crime and that the move would be counterproductive because it would more likely increase the number of migrants than decrease it.

"As feared, a presidential tantrum will limit our nation's ability to actually help address the challenges forcing people to flee to the US," Democratic Senator Bob Menendez said on Twitter.

Trump has made reducing illegal immigration one of his signature policy pledges, both during his presidential campaign and 2-1/2 years in the White House.

Congressional aides said the administration told them it would reallocate $370 million in aid to Central America that lawmakers had approved for fiscal 2018, and suspend an additional $180 million Congress had approved for fiscal 2017.

All of the money for those years has not yet been spent.

The administration said in March it would cut aid to the three countries after Trump expressed unhappiness with their immigration policies.

No funds will be provided until the administration is satisfied the countries are reducing the number of migrants reaching the U.S. border, State Department spokeswoman Morgan Ortagus told reporters.

"This is consistent with the president's direction and with the recognition that it is critical that there be sufficient political will in these countries to address the problem at its source," she said.

Without elaborating, she added: "Working with Congress, we will reprogram those funds to other priorities as appropriate."

A US official, with knowledge of plans, said the administration would review the funding by April 2020.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Weekly Jobless Claims Rise, Continuing Applications Hit Highest Since November 2021
Weekly Jobless Claims Rise, Continuing Applications Hit Highest Since November 2021
May 25, 2025
03:22 PM EDT, 05/01/2025 (MT Newswires) -- Weekly applications for unemployment insurance in the US reached the highest level in about two months, while continuing claims were at a multiyear high, government data showed Thursday. The seasonally adjusted number of initial claims increased to 241,000 in the week ended April 26 from the previous week's upwardly revised 223,000 level, according...
Manufacturing Contraction Deepens in April, ISM Survey Shows; S&P Indicates Activity Stalling
Manufacturing Contraction Deepens in April, ISM Survey Shows; S&P Indicates Activity Stalling
May 25, 2025
03:44 PM EDT, 05/01/2025 (MT Newswires) -- The US manufacturing sector fell deeper into contraction in April amid weak demand, the Institute for Supply Management said Thursday, while S&P Global ( SPGI ) data showed that activity stalled. The ISM purchasing managers' index dropped to 48.7 last month from 49 in March. A reading below 50 indicates the manufacturing sector...
Trump plans to unveil federal budget proposal on Friday
Trump plans to unveil federal budget proposal on Friday
May 25, 2025
WASHINGTON (Reuters) -U.S. President Donald Trump plans to unveil his budget proposal for the 2026 fiscal year on Friday and send it to Congress, according to a White House official. The annual White House budget request includes economic forecasts as well as detailed proposals about how much money should be spent by every government agency for the year that starts...
Strong Tech Earnings, China Trade Optimism Boost US Equity Indexes
Strong Tech Earnings, China Trade Optimism Boost US Equity Indexes
May 25, 2025
01:52 PM EDT, 05/01/2025 (MT Newswires) -- US equity indexes advanced after midday Thursday following strong earnings from Microsoft ( MSFT ) and Meta Platforms ( META ) and amid speculation that trade tensions are easing between China and the US, the world's two largest economies. The Nasdaq Composite jumped 2% to 17,790.5, the S&P 500 gained 1% to 5,627.2...
Copyright 2023-2026 - www.financetom.com All Rights Reserved