Jack Otter and “Baron's Round Table” panelists discuss how Dodge is shaking Washington, DC
Billionaire hedge fund manager Bill Ackman said Monday that the UN's US funding “deserves careful scrutiny.”
“The more I learn about @un, one of the biggest NGOs, the more I think our support for the United Nations deserves careful scrutiny,” Ackman said in a post on X.
The head of Pershing Square Capital Management said President Donald Trump “will realize that he occupy New York's great waterfront property.”
Federal judge blocks Elon Musk's doge from accessing Treasury records after Democrat AGS file lawsuit
All 193 members of the United Nations must pay for certain parts of the organization, according to the Council of Foreign Relations (CFR), an independent think tank specializing in US foreign policy and international relations. The United States is the largest donor, donating more than $18 billion in 2022.
According to the CFR, it accounts for a third of the funding for the body's collective budget.
Palantir CEO promotes Elon Musk's Doge, the ability to hold “a sacred cow in a deep state.”
The United Nations is the world's leading organization for discussing issues of peace and security. But the work goes beyond peacekeeping and conflict prevention. There are entities that focus on addressing health and humanitarian needs, economic and cultural development. According to the CFR, the funds will help support the UN's regular budget covering management costs and several programs, as well as peacekeeping operations.
Biden increased funding for the organization after Trump cuts significantly during his first term. In 2021, Biden in particular resumed funding for the United Nations Population Fund (UNFPA) and the United Nations Relief and Labor Bureau for Palestinian Refugees in the Near East (UNRWA)
Click here to get your Fox business on the go
Funds for UNRWA were once again suspended in 2024 on allegations that it supported the terrorist attacks against Israel in October 2024, which sparked the current war with Hamas.
Ackman's comments are as Elon Musk's Government Efficiency (DOGE) continues its drastic efforts to cut $2 trillion in federal spending, reduce government workforce and increase federal agencies' efficiency is.
Created over the past few weeks through an executive order signed by Trump on the inauguration day, Doge has included specific consulting agreements and leases for diversity, equity, inclusion (DEI) initiatives in federal agencies, as well as underused consulting agreements and leases. has already been cancelled. The federal government building is also working to integrate overlapping agencies and programs. So far, we have focused only on areas included in Discretionary expenditureis covered by the annual budget by the Congress.
Doge, a temporary organization within the White House, will spend 18 months until July 4th, 2026, carrying out a mission that has already been scrutinized. Over the weekend, government efficiency teams were temporarily blocked from access to certain government systems, including information about Americans. social security, According to a federal judge's ruling, Medicare and veteran benefits, tax refund information, and more.
Eric Revell from Fox Business contributed to this report.
