Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > News outlets reject Trump accusations of USAID media 'payoff'
    Finance

    News outlets reject Trump accusations of USAID media 'payoff'

    Published by Global Banking & Finance Review®

    Posted on February 7, 2025

    3 min read

    Last updated: January 26, 2026

    This image illustrates the denial by major news outlets like Politico and the Associated Press of Trump's allegations regarding USAID funding. The article discusses the controversy surrounding claims of financial backing for favorable media coverage, emphasizing the importance of factual reporting in finance and politics.
    Image depicting news outlets refuting Trump's claims of USAID media funding - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Major news outlets reject Trump's claims of USAID media payoffs, emphasizing their independence and transparency in funding.

    News Outlets Deny Trump's USAID Media Payoff Claims

    By Lydia Morrish

    (Reuters) - Several major news outlets including Politico and the Associated Press have rejected unsubstantiated accusations by President Donald Trump and right-wing influencers that the U.S. Agency for International Development paid millions of taxpayer dollars to newsrooms in exchange for coverage favoring the Democratic Party.

    Trump wrote on social media on Thursday: “LOOKS LIKE BILLIONS OF DOLLARS HAVE BEEN STOLLEN AT USAID, AND OTHER AGENCIES, MUCH OF IT GOING TO THE FAKE NEWS MEDIA AS A ‘PAYOFF’ FOR CREATING GOOD STORIES ABOUT THE DEMOCRATS.”

    Prominent Trump supporters, including billionaire Elon Musk, amplified the narrative about USAID directly funding some news outlets including Politico and the New York Times.

    The White House and USAID did not immediately respond to a Reuters request for comment about the claims

    Trump on Thursday accused Politico, which he referred to as "the left wing 'rag'," of receiving $8 million from USAID. White House press secretary Karoline Leavitt announced a day earlier the government would cancel more than $8 million of subscription expenditure to the news organization.

    Politico in a statement Thursday said the organization had never received U.S. government funding but that some government agencies subscribe to Politico Pro, a policy intelligence news platform. Politico did not disclose the amount its government customers spent on subscriptions.

    "Government agencies that subscribe do so through standard public procurement processes—just like any other tool they buy to work smarter and be more efficient,” the statement said.

    A spokesperson for the Associated Press, which also faced accusations from pro-Trump online accounts that it was funded by the aid agency, said it had not received any money from USAID.

    “Our business is providing factual, nonpartisan news and information to customers worldwide,” the spokesperson said.

    “The U.S. government has long been an AP customer – through both Democratic and Republican administrations."

    A New York Times spokesperson on Friday told Reuters that USAID did not provide funding to the company. A day earlier the newspaper in a statement said, "Federal funds received by The Times are payments for subscriptions that government offices and agencies have purchased to better understand the world." It added that no federal grants were made to the news outlet. 

    The BBC’s finances came under scrutiny in early February after Musk shared a post that said USAID funds the broadcaster. Its charity wing BBC Media Action, which received funds from USAID and other donors, is independently funded and editorially separate from BBC News, a BBC Media Action spokesperson told Reuters.

    A spokesperson for BBC News said it did not receive any funding from USAID and that it is editorially independent from BBC Media Action.

    Reuters, which also faced online accusations it was funded by government agencies, said it didn’t have a contractual relationship with USAID. “As with all news agency customers, governments pay a fee for Reuters news services. No payments from any client, including any government entity, influence our news coverage, which is governed by the Thomson Reuters Trust Principles ensuring independence, accuracy and freedom from bias in all we do,” a spokesperson said.

    The spokesperson added that Thomson Reuters Special Services, a separate legal entity operating independently from Reuters News, has provided software and information services to government agencies “across successive administrations for decades.“

    (Reporting by Lydia Morrish; Editing by Stephanie Burnett and Daniel Wallis)

    Key Takeaways

    • •News outlets reject Trump's USAID payoff accusations.
    • •Politico and AP clarify funding sources.
    • •Reuters and BBC assert editorial independence.
    • •Trump claims USAID funded favorable coverage.
    • •Media organizations emphasize transparency.

    Frequently Asked Questions about News outlets reject Trump accusations of USAID media 'payoff'

    1What is the main topic?

    The article discusses Trump's accusations that USAID paid news outlets for favorable coverage, which the outlets deny.

    2Did Politico receive funding from USAID?

    Politico states it has not received USAID funding, only subscription fees from government agencies.

    3How do news outlets respond to funding claims?

    Outlets like Reuters and BBC emphasize their editorial independence and transparency in funding.

    More from Finance

    Explore more articles in the Finance category

    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Image for Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    Image for AI trade splinters as investors get more selective
    AI trade splinters as investors get more selective
    Image for EU extends tariff suspension on $109.8 billion of US imports for six months
    EU extends tariff suspension on $109.8 billion of US imports for six months
    Image for Dog food maker Ollie acquired by Spain’s Agrolimen
    Dog food maker Ollie acquired by Spain’s Agrolimen
    Image for Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    View All Finance Posts
    Previous Finance PostRussia may ban gasoline exports for a month to stabilise prices, TASS reports
    Next Finance PostPinterest shares jump as AI advertisement tools drive forecasts