استمتع بـUnlimited مع Magzter GOLD

استمتع بـUnlimited مع Magzter GOLD

احصل على وصول غير محدود إلى أكثر من 9000 مجلة وصحيفة وقصة مميزة مقابل

$149.99
 
$74.99/سنة

يحاول ذهب - حر

Elon Musk Calls Trump Megabill a 'Disgusting Abomination'

June 05, 2025

|

Mint Mumbai

Billionaire sides with GOP critics who say measure doesn't cut spending enough

- Siobhan Hughes & Jasmine Li

Elon Musk Calls Trump Megabill a 'Disgusting Abomination'

Former White House cost-cutting czar Elon Musk called President Trump's "big, beautiful" tax and spending package a "disgusting abomination," stepping up his criticism just as the Senate is trying to quickly pass the measure and get it signed into law by July 4.

Musk's comments are his latest sharp words about the package, which includes tax cuts as well as reductions to spending on Medicaid and food assistance. Last month, he gave new fuel to GOP critics of the Republicans' multitrillion-dollar agenda, saying that the current measure failed to reduce the federal deficit.

"Shame on those who voted for it: you know you did wrong. You know it," said Musk, in comments on his X social-media platform. Musk, who left the administration last week, called the package a "massive, outrageous, pork-filled Congressional spending bill." He issued a warning on the midterm elections: "In November next year, we fire all politicians who betrayed the American people."

The bill narrowly passed the House last month by one vote. It is now in the hands of the Senate, where some fiscal hawks, including Sens. Ron Johnson of Wisconsin, Mike Lee of Utah and Rick Scott of Florida, have demanded deeper cuts.

The Senate is aiming to make changes to the bill and then send it back to the House. Backers can afford to lose no more than a handful of GOP votes in either chamber, with all Democrats expected to be opposed. Still, the White House and GOP leaders said that Musk's statements didn't shake their confidence in passing the measure.

Trump "already knows where Elon Musk stood on this bill," White House press secretary Karoline Leavitt told reporters on Tuesday when asked about Musk's social-media post. "It doesn't change the president's opinion."

المزيد من القصص من Mint Mumbai

Mint Mumbai

Export sops for tariff-hit MSMEs by next week

The government plans to announce support measures under the Export Promotion Mission as early as next week for small businesses struggling to absorb 50% US tariffs, according to Union commerce minister Piyush Goyal.

time to read

2 mins

November 26, 2025

Mint Mumbai

Rural recovery, low base to fuel Q2 GDP

Policy transmission, festival season inventory too aid growth

time to read

2 mins

November 26, 2025

Mint Mumbai

1st privately built PSLV near lift-off

India's first privately built polar satellite launch vehicle (PSLV) is expected to have its maiden commercial flight before the end of the financial year, marking a giant leap in the country’s ambition to foster a private space economy.

time to read

3 mins

November 26, 2025

Mint Mumbai

Israel to relocate Jews from northeast

Israel’s government has approved a proposal to bring all the remaining 5,800 Jews from India’s northeastern region, commonly referred to as Bnei Menashe, over the next five years.

time to read

1 min

November 26, 2025

Mint Mumbai

Export sops for tariff-hit MSMEs by next week

The government plans to announce support measures under the Export Promotion Mission as early as next week for small businesses struggling to absorb 50% US tariffs, according to Union commerce minister Piyush Goyal.

time to read

2 mins

November 26, 2025

Mint Mumbai

IndoSpace Core acquires six logistics parks for over $300 mn

IndoSpace Core, a joint venture between the Canada Pension Plan Investment Board, or CPP Investments, and IndoSpace, has acquired six industrial and logistics parks valued at over $300 million.

time to read

1 min

November 26, 2025

Mint Mumbai

Businesses mustn't wait for a global climate consensus

This year’s United Nations climate summit in Belém, Brazil, ended last week. Countries made promises on paper and avoided hard decisions. Having gathered nearly 200 nations to chart out climate action, CoP-30 produced a ‘Belém Political Package’ that deferred questions rather than answer them. We should not pretend that this is progress.

time to read

3 mins

November 26, 2025

Mint Mumbai

Husk Power aims to raise $400 mn

Husk Power Systems, the world’s biggest solar mini-grid operator, has begun an industry-record capital raise of $400 million as it seeks to grow revenue 10-fold by 2030 and prepare for an initial public offering (IPO).

time to read

1 min

November 26, 2025

Mint Mumbai

Don't make AI models but make the most of what exists

Earlier this year, Amazon announced that it was eliminating 4,000 management positions because artificial intelligence (Al) tools had rendered those middle-management roles redundant.

time to read

3 mins

November 26, 2025

Mint Mumbai

Mint Mumbai

The Federal Reserve’s tool for calming short-term funding markets is being tested

The Federal Reserve is struggling to persuade some banks to use a lending tool designed to improve the central bank’s control over short-term money markets.

time to read

3 mins

November 26, 2025

Listen

Translate

Share

-
+

Change font size