Massimo Calabresi in Time magazine's politics blog discusses the implications of the US mid-term elections for the foreign aid budget:

The likely head of the House appropriations subcommittee that funds foreign aid, Kay Granger, is a fiscal hawk who has argued for cutting the foreign aid budget. USAID and the Millenium Challenge Corporation are sweating. “How will they survive the axe when people start looking for money to save domestic programs,” says [a] Hill staffer.

How about focusing spending on cost-effective programs with Proven Impact?