• About
  • Advertise
  • Privacy & Policy
  • Contact
  • Home
  • World
  • Diplomatic
  • Sports
    • Cricket
  • National
  • Business
  • Crime & Justice
  • Entertainment
  • Lifestyle
  • Environment
    • CPEC
No Result
View All Result
  • Home
  • World
  • Diplomatic
  • Sports
    • Cricket
  • National
  • Business
  • Crime & Justice
  • Entertainment
  • Lifestyle
  • Environment
    • CPEC
No Result
View All Result
No Result
View All Result
Home World

Trump targets Elon Musk over subsidies amid spending bill clash

by Sub News
July 1, 2025
Trump targets Elon Musk over subsidies amid spending bill clash
Share on WhatAppShare on XShare on Facebook

Washington, July 1, 2025: U.S. President Donald Trump reignited his feud with tech billionaire Elon Musk on Tuesday, accusing him of benefiting from record-breaking government subsidies, amid a deepening row over Trump’s signature spending legislation.

“Elon may get more subsidy than any human being in history, by far,” Trump wrote on social media. “And without subsidies, Elon would probably have to close up shop and head back home to South Africa.”

The attack comes after Musk, who recently stepped down as head of Trump’s Department of Government Efficiency (DOGE), renewed his fierce criticism of the president’s proposed spending bill — dubbed the “One Big Beautiful Bill.” The $4.5 trillion package seeks to extend Trump-era tax cuts and bolster border security but has drawn controversy for provisions that would eliminate healthcare coverage for millions and increase national debt by over $3 trillion.

Musk, the world’s richest person, accused Republicans of betraying fiscal conservatism. “All I’m asking is that we don’t bankrupt America,” he posted on social media. “What’s the point of a debt ceiling if we keep raising it?”

Trump retaliated by suggesting that DOGE investigate Musk’s companies, particularly SpaceX and Tesla. “No more rocket launches, satellites, or electric car production, and our country would save a FORTUNE,” he said. “Perhaps DOGE should take a good, hard look at this? BIG MONEY TO BE SAVED!!!”

The public fallout between the two high-profile figures comes at a politically sensitive time. With the 2026 midterms approaching, divisions within the Republican Party are intensifying. Many conservatives have expressed concern over the fiscal implications of the bill, even as Trump frames it as central to his presidential legacy.

Musk, for his part, has floated the idea of launching a new political movement. “VOX POPULI, VOX DEI — 80% voted for a new party,” he claimed online, referring to a recent social media poll he conducted.

The clash underscores growing tensions between traditional conservatives and populist factions over the future of the Republican Party — and the direction of U.S. economic policy.

Tags: “One Big Beautiful Bill”billionaires clubDepartment of Government EfficiencyDODGEDonald TrumpElon MuskSpaceXspending bill clashTeslaWashington
Previous Post

Thai PM suspended over leaked phone call

Next Post

PSX hits historic high as FY26 kicks off with strong investor optimism

Related Posts

Trump demands Iran’s ‘unconditional surrender’ as Middle East war escalates
World

Trump demands Iran’s ‘unconditional surrender’ as Middle East war escalates

Washington/Tehran, March 6, 2026: Donald Trump on Friday demanded the “unconditional surrender” of Iran and ruled out any negotiations, marking...

by Sub News
March 6, 2026
Chinese President urges major provincial economies to gain experience in solving new problems
World

Chinese President urges major provincial economies to gain experience in solving new problems

Beijing, March 6,2026: Chinese President Xi Jinping has urged urged major provincial economies to redouble efforts to gain experience in...

by Sub News
March 6, 2026
AI being deployed in everyday life in China
Artifical Intelligence

AI being deployed in everyday life in China

Beijing, March 6,2026: China's central artificial intelligence (AI) sectors were valued at more than 1.2 trillion yuan ($173.9 billion) by...

by Sub News
March 6, 2026
China sets 2026 economic growth target at 4.5–5 percent
World

China sets 2026 economic growth target at 4.5–5 percent

Beijing, March 5, 2026: China has set its economic growth target for 2026 at 4.5 to 5 percent, according to...

by Sub News
March 5, 2026
Next Post
PSX hits historic high as FY26 kicks off with strong investor optimism

PSX hits historic high as FY26 kicks off with strong investor optimism

Breaking News

  • Pakistan reviews petroleum stocks and global price spikes amid international developments
  • Operation Ghazab lil Haq: 527 Afghan Taliban killed, civilians reported dead amid escalating border clashes
  • Women parliamentary leaders’ portal launched to strengthen women’s political participation
  • Ishaq Dar, Iranian FM discuss evolving regional situation
  • ECP rejects KP government’s request to delay delimitation for local government elections
Sub News

© 2026 subnewsenglish.com

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • World
  • Diplomatic
  • Sports
    • Cricket
  • National
  • Business
  • Crime & Justice
  • Entertainment
  • Lifestyle
  • Environment
    • CPEC

© 2026 subnewsenglish.com

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.