Bush Downscales Millennium Challenge Funds in Budget Early in his first term, President Bush made a commitment to spend $5 billion a year in helping the poorest nations of the world out of poverty. His Millennium Challenge Account, though, has not spent a penny yet. And the president's latest budget proposal calls for $3 billion, not the $5 billion he promised.
NPR logo

Bush Downscales Millennium Challenge Funds in Budget

  • Download
  • <iframe src="https://www.npr.org/player/embed/4494223/4494224" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Bush Downscales Millennium Challenge Funds in Budget

Bush Downscales Millennium Challenge Funds in Budget

Bush Downscales Millennium Challenge Funds in Budget

  • Download
  • <iframe src="https://www.npr.org/player/embed/4494223/4494224" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Early in his first term, President Bush made a commitment to spend $5 billion a year in helping the poorest nations of the world out of poverty. His Millennium Challenge Account, though, has not spent a penny yet. And the president's latest budget proposal calls for $3 billion, not the $5 billion he promised.