logo
Kari Lake declares US Agency for Global Media ‘rotten to the core,' sets 2026 shutdown goal: 'A boondoggle'

Kari Lake declares US Agency for Global Media ‘rotten to the core,' sets 2026 shutdown goal: 'A boondoggle'

Fox News5 hours ago

Kari Lake isn't backing down.
In blunt testimony before Congress Wednesday, Lake declared the U.S. Agency for Global Media (USAGM), the $950 million agency for which she is the senior advisor overseeing Voice of America (VOA), is "rotten to the core" and on track to be gutted by 2026.
"This place is rotten. It's rotten to the core," Lake told the House Oversight Committee. "President Trump has asked me to go in and help clean it up, and he's also issued an executive order to reduce this agency down to its mandate, to what is mandated, statutorily required. That's exactly what I'm doing. I don't care if they attack me."
She's not acting alone. Lake provided Fox News Digital with a letter from House Oversight Chair James Comer, R-Ky., and Rep. Marjorie Taylor Greene, R-Ga., demanding records on USAGM's foreign hires, conflicts of interest and its handling of disinformation and national security.
President Donald Trump took to Truth Social to say, "Why would a Republican want Democrat 'mouthpiece,' Voice of America (VOA), to continue? It's a TOTAL, LEFTWING DISASTER — No Republican should vote for its survival. KILL IT!"
Lake didn't hold back in describing what she found within USAGM.
"It's really like a rotten piece of fish," she said. "And you're looking at it, and you're saying, 'Is there anything we can pull out of here and eat?' And it's best to just scrap the whole thing and start over."
She argued that instead of defending American values abroad, the federally funded national and international news agency had become compromised with hostile actors potentially influencing what gets broadcast on the U.S. taxpayer's dime.
"The [Chinese Communist Party] has more control over what we put out editorially than people who are management at the agency," Lake said. "Are any of these VOA employees who acted on behalf of the Chinese Communist Party ... still employed? It's possible. We're working to try to figure that out."
She accused the grantees — including VOA, Radio Free Asia and the Open Technology Fund — of resisting oversight and stonewalling basic financial reviews.
"Nearly $400 million, the hard-earned taxpayer dollars of hard-working American people, are going to these grantees, and they've stonewalled us from getting any information until the eleventh hour," Lake said. "Finally, last night, knowing I would be sitting here, they finally agreed to say, 'Oh, we'll let you look at our books now.' It's a joke what's going on."
Lake found no shortage of support from Republicans on the committee, including Rep. Tim Burchett, R-Tenn., who said the agency should've been shut down years ago.
"We might as well be riding a Model T down the middle of the street. It might be ... it looks good, and it brings back old memories, but, dadgum, it's not very efficient," Burchett said.
Lake agreed, adding, "It's a relic."
Democrats accused Lake of dismantling a strategic asset and repeating anti-VOA rhetoric similar to that used by China.
Rep. Madeleine Dean, D-Pa., said, "You just want to reduce it to its statutory minimum. And then you said … that it will be gone by 2026. You want it gone. The president wants it gone by 2026. ... You're a propaganda machine for the Trump administration."
Dean said she had "no questions" for Lake, adding, "You have misled this committee. ... You've lost your credibility. You have poured it out in buckets."
Rep. Julie Johnson, D-Texas, claimed layoffs would "cede all of our soft power in the world to our adversaries," arguing, "354 million people listen to [VOA] every week."
Lake replied bluntly, "Those are government numbers. And I don't trust those numbers."
Johnson shot back, "That's a sad state of affairs when you don't trust the government that you're representing."
Lake defended the cuts, saying they follow the law and common sense.
"We are doing what is statutorily required," she said. "The statutory minimum President Trump put forth in his executive order ... and that's what we're going to do."
Rep. Young Kim, R-Calif., expressed concern that cutting grantee staff could weaken U.S. influence in hot spots like Iran and North Korea.
"We can do it with a smaller staff.," Lake replied. "This newsroom should have been downsized a long time ago. … It's over. Too many people were working in the newsroom, and we've shrunk that down."
She added that many grantee roles were redundant.
"Why do we need RFA to be doing a Mandarin news service when we at VOA are doing Mandarin?" Lake said.
Rep. Brian Mast, R-Fla., closed with a comparison. iHeartMedia runs a national operation at $90 million per year. USAGM's budget? Nearly $1 billion.
Lake's closing message was direct.
"We can do this smarter, leaner and with loyalty to American values," she said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Colombia's president signs a labor overhaul into law after 2 failed attempts
Colombia's president signs a labor overhaul into law after 2 failed attempts

The Hill

time14 minutes ago

  • The Hill

Colombia's president signs a labor overhaul into law after 2 failed attempts

BOGOTA, Colombia (AP) — Colombian President Gustavo Petro signed into law on Wednesday a controversial labor overhaul with the potential to profoundly shift the balance of power from employers to workers, a key victory for the left-wing leader even as Congress compelled him to scale back his more radical ambitions. The enactment of the law marks a milestone for a president who has struggled to deliver on his promises to reduce inequality in one of the region's most unequal nations. But it's faced opposition from business leaders and Colombian government bonds have suffered as markets worry about the fiscal and economic effects. The law increases overtime pay for salaried workers and limits the use of short-term contract workers, while requiring companies to provide medical coverage and social security for gig workers like food delivery drivers. It also promises student interns proper contracts and benefits like vacation time and severance pay. Many of Petro's efforts to vastly expand social programs have stalled in Congress, with lawmakers shooting down this labor law twice. Lawmakers let the legislation squeak by last week after Petro's moved to call a public referendum. Petro signed the legislation at the historic home of 19th-century war hero Simón Bolívar, who led South America's fight against imperial Spain. He posted on social media platform X: 'I sign the labor reform into law before Bolívar and the working people.' 'We must elect a government that will uphold this law and enforce it,' Petro said, alluding to the 2026 presidential elections. The reform was cheered by trade unions and Petro's political allies Wednesday. But his push to strengthen worker protections has proved controversial, as the expensive benefits are expected to hike up costs for business owners. Petro's government has promised to push through a new bill to help small businesses, though the details remain unclear. Opposition lawmakers have painted a nightmare scenario of mass layoffs that will push more workers into Colombia's already vast informal economy. Many say that the mandated reductions in working hours, increases in overtime pay for Sunday and holiday shifts will especially squeeze small and medium-sized businesses. Already, his government's increased spending and reduced tax income have challenged fiscal stability. Critics also say that the changes won't help informal workers without contracts, who represent over half of Colombia's total labor force, according to the latest figures. The legislation guarantees health and pension benefits for only some gig workers, such as app-based delivery workers. Then there's the question of compliance. 'I want to tell those employers who say they won't implement the labor reform that they're not intelligent,' Petro said on Wednesday. Even as he hailed the law, it fell short of Petro's ambitions. He was forced to compromise on some key provisions to push it through a hostile Congress. Provisions stripped from the final version included extended paternity leave, paid leave for women with debilitating menstrual pain and some collective bargaining rights for unions. The signing of the law comes at a tumultuous time for the third largest nation in Latin America, with a wave of bombing attacks shaking the northeast and an assassination attempt on conservative presidential hopeful and senator Miguel Uribe stunning the country. Uribe remains in intensive care.

CareerBuilder + Monster job search board files for Chapter 11 bankruptcy after revenue sinks nearly 40% post-pandemic
CareerBuilder + Monster job search board files for Chapter 11 bankruptcy after revenue sinks nearly 40% post-pandemic

Yahoo

time16 minutes ago

  • Yahoo

CareerBuilder + Monster job search board files for Chapter 11 bankruptcy after revenue sinks nearly 40% post-pandemic

CareerBuilder + Monster, an online job-hunting joint venture, announced on Tuesday that it had filed for bankruptcy in Delaware. Kroger is closing 60 stores: See the list of locations that are reportedly shuttering in 2025 so far Humans have irreversibly changed the planet. These photos prove it 10 mistakes leaders make in crisis that break team trust The company initiated the Chapter 11 process to facilitate a sale of its operations, with assets totaling between $50 million and $100 million and estimated liabilities amounting to between $100 million and $500 million, according to its bankruptcy filing. Fast Company has reached out to the company for comment. The bankruptcy plan calls for the assets to be divided up—with the sale of its jobs board business to JobGet Inc., the sale of Monster Media Properties to Valnet Inc. (which includes and and the sale of Monster Government Services to Valsoft Corp. However, the asset sale is subject to other higher offers, according to the press release. 'For over 25 years, we have been a proud global leader in helping job seekers and companies connect and empower employment across the globe,' Jeff Furman, CEO of CareerBuilder + Monster, said in a statement. 'However, like many others in the industry, our business has been affected by a challenging and uncertain macroeconomic environment. 'In light of these conditions, we ran a robust sale process and carefully evaluated all available options. We determined that initiating this court-supervised sale process is the best path toward maximizing the value of our businesses and preserving jobs.' Furman added that CareerBuilder + Monster also plans to restructure, which would include a reduction of its current workforce, and the company is in talks with Blue Torch Capital for up to $20 million of debtor-in-possession financing. Monster, which dominated the internet job search industry starting in the 1990s, merged with then-struggling CareerBuilder in 2024, with Dutch multinational human resource consulting firm Randstad NV taking a minority stake in that business. Owned by Apollo Global Management, CareerBuilder saw a decline in subscription renewals after the pandemic, from which it never recovered. Although the merger created one mega job board, sales continued to decline, with CareerBuilder's revenue falling to $49.2 million in 2024, a 40% drop compared with 2023, according to Moody's Ratings, as reported by Bloomberg. This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

What Advice Might Bob Dylan Give Today's Institutional Investors?
What Advice Might Bob Dylan Give Today's Institutional Investors?

Forbes

time21 minutes ago

  • Forbes

What Advice Might Bob Dylan Give Today's Institutional Investors?

American folk-rock singer-songwriter Bob Dylan performing at BBC TV Centre, London, 1st June 1965. ... More (Photo by Val Wilmer/Redferns) Iconic American musician and Nobel Laureate in Literature Bob Dylan's words from 1964 apply to today's markets: 'the times they are a-changin.' As political misalignment in the United States emerges as a material investment risk, investors and companies are increasingly risking their long-term sustainability by downplaying it. Let's examine the hidden cost of downplaying sustainability and why many are underestimating Times Are A-Changin, and Investors Must Change With Them What matters to investors changes over time. This concept of dynamic materiality, first demonstrated by TrueValue Labs (now part of FactSet), can be seen in both cyclical trends and acute shifts. For example, during expansions, when there are tighter labor markets, strong employee relations reduce new issue bond yields, perhaps because strong employee relations help with recruiting and retaining top talent. There is also no relationship between corporate social responsibility (CSR) activities as a proxy for social capital and bond spreads. By contrast, during recessions, employee relations scores are insignificant, and high-CSR firms are able to raise more debt at lower spreads, better credit ratings, and longer maturities. These effects are stronger for firms with higher expected costs of debt. In addition to these cyclical trends, there are also acute shifts in materiality, caused by exogenous shocks like COVID-19, which increased the materiality of the following COVID-19 related social issues between January and June 2020: access and affordability, customer privacy, data security, employee health and safety, labor practices, product quality and safety. Today's acute shift in materiality is caused by rapid legal and regulatory change. As of June 22, 2025, President Trump signed 165 executive orders so far this year—the most in a first year of office since President Franklin D. Roosevelt signed 568 executive orders in 1933. The 83 anti-DEI and 56 anti-ESG (ex-DEI) lawsuits only amplify the abrupt legal and regulatory Emergence of Political Misalignment as a Material Risk. Since 2023, anti-DEI and anti-ESG lawsuits have generated hundreds of millions of dollars in legal and settlement costs. This tangible cost is in addition to the intangible cost of management distraction during lawsuits. As a result, political misalignment in the United States is emerging as a material investment risk, and investors and companies are adjusting their public-facing language to minimize the perception of misalignment. Since adjusting language is easier than reversing initiatives or changing values, many investors and companies are more sustainable than their disclosure suggests. This phenomenon is so new that green-hushing, red-washing, and MAGA-washing are all contenders to describe it with no clear frontrunner. Sustainable investing legal expert and New York University Professor Deborah Burand is one of the first academics to research the harm this creates. Pinocchio with leaf. The Case Against Greenwashing Applies to the Case Against Green-Hushing. The sustainable finance industry long advocated against greenwashing (overstating the environmental benefits of an investment or company) and its analogs. This makes sense: transparency and disclosure are material to investing. And the Biden Administration rightly pursued enforcement actions against investors and companies for false and misleading claims, vague language, or failing to disclose material information about negative social or environmental impacts. Admit That the Waters Around You Have Grown CLARKSVILLE, TENNESSEE - FEBRUARY 16: In this handout provided by the Clarksville Fire Rescue, ... More Clarksville Fire Rescue members perform water rescues to evacuate trapped people during flooding on February 16, 2025 in Clarksville, Tennessee. Severe winter storms brought torrential rains causing intense flooding in Tennessee and parts of Florida and Georgia. (Photo by Clarksville Fire Rescue via Getty Images) Sustainable investors and companies must strike a fine balance. Organizations can mitigate the risk of legal and regulatory challenges from the Trump administration and its supporters—with their headlines, legal expenses, and management distraction—by green-hushing. Avoiding scrutiny may feel safer in this environment. At the same time, this green-hushing can obscure accountability, disperse management and board focus, prevent sharing best practices and lessons learned, and diminish the ability of other organizations to be transparent about their values. Research from Arshia Farzamfar, Pouyan Foroughi, Lilian Ng, and Linyang Yu shows that firms pressured to improve environmental performance do so at the expense of social status, committing more compliance violations related to employment, healthcare, workplace safety, and consumer protection. It is too early for peer-reviewed research linking pressure to reduce political misalignment with committing more violations of fiduciary duty or duty to the mission. Particularly for investors and companies where sustainability drives long-term value creation or aligns with the mission or stakeholder values, this remains a space to watch. Downplaying sustainability can also diminish trust with employees, investors, and other clients who struggle to understand how investors and companies who publicly touted their commitment to sustainability in 2021, 2022, and even 2023 can reverse course so quickly. For example, at least twelve lawyers resigned from law firms that made deals with the Trump administration; Danish pension fund Akademiker terminated an over $400 million 20-year relationship with State Street due to sustainability concerns; and several companies faced boycotts after rolling back diversity, equity, and inclusion (DEI) initiatives. Losing talent, assets, and revenues can slow long-term value creation. These harms extend beyond the organizations choosing to downplay sustainability. Law firms settling with the Trump administration weakened fundamental protections. And when the Gates Foundation extricated itself from the fire by pivoting a scholarship originally for racial and ethnic minorities to Pell Grants (which are based on income and primarily benefit minorities), it became more difficult for other investors and companies to pursue Alternative: Building Resilience And Building Communities A long line of concrete blocks stretches across the sandy beach, creating a visible boundary on the ... More shore. Before deciding to downplay their sustainability, investors and companies may instead consider how to build the resilience to withstand the legal and regulatory risks of preserving their narrative on sustainability. They may wish to form communities of practice to share best practices and lessons learned with similar institutions. Or they simply may wish to dedicate more time to comparing notes with peers one-on-one. Perhaps it's time for these investors and companies to take inspiration from Bob Dylan and 'admit that the waters…have grown…and start swimmin.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store