US President Donald Trump said billions of dollars have been stolen from USAID and other institutions.

This came in statements he made on the Truth Social platform on Thursday, following the circulation of news that Politico newspaper had recently received nearly $8 million in payments from various federal institutions.

Trump criticized the media for reporting that he received funding from US federal institutions.

“It appears that billions of dollars have been stolen from USAID and other institutions, most of which has gone to pay off fake news media outlets to produce stories that flatter Democrats,” he added.

The US President described the matter as "the biggest scandal in history," stressing that "the Democrats will not be able to evade this matter."

It is noteworthy that controversy erupted in the country after American billionaire Elon Musk, who heads the Foundation for Government Efficiency, claimed that the administration of former Democratic President Joe Biden was funding some media institutions.