Washington, Aug. 30 -- US Secretary of State Marco Rubio has formally terminated the United States Agency for International Development (USAID), assigning the Office of Management and Budget (OMB) to oversee the closure of the agency's offices thus saving tens of billions of taxpayer dollars.

The move is part of President Donald Trump's broader economic overhaul aimed at cutting government spending deemed unnecessary.

In a post on X, Rubio wrote "I joked with @POTUS that I had four jobs. He told me to give one to my friend @RussVought47. So, I did.

"Since January, we've saved the taxpayers tens of billions of dollars. And with a small set of core programs moved over to the State Department, USAID is officially in close out mode. Russ is ...