Essayer OR - Gratuit
Musk Threatens to Launch 'America Party'
The Business Guardian
|July 02, 2025
Billionaire company owner Elon Musk clashing fiercely with US President Trump over massive spending and GOP's future.
-
Once united in purpose and power, Elon Musk and Donald Trump now find themselves locked in a remarkably public and highly consequential political clash, one that threatens not only their individual reputations but also the ideological stability of the Republican Party and, arguably, the very future of the two-party system in the United States, as the tech mogul now openly threatens to launch a new political force—the so-called "America Party"—in response to what he sees as a catastrophic betrayal of conservative fiscal principles by Trump and congressional Republicans alike.
What began as a friendly alliance, with Musk briefly serving as the head of the Department of Government Efficiency (DOGE) and pouring hundreds of millions into pro-Trump PACs, has rapidly disintegrated into a full-blown war of words and threats, as Musk lambasts Trump's signature legislative initiative—dubbed the "One Big Beautiful Bill"—as not only fiscally irresponsible but fundamentally dishonest, an orgy of pork-barrel spending that betrays everything conservatives supposedly stand for, including debt control, free markets, and limited government.
BILL THAT BROKE THE BOND
At the heart of this political earthquake lies the "One Big Beautiful Bill," a sweeping omnibus legislative package that combines aggressive tax cuts with massive increases in defense and infrastructure spending, while simultaneously cutting electric vehicles, green energy startups, and public health programs—a bill whose $4-5 trillion projected debt-ceiling hike is so staggering that even moderate Republicans have begun to voice concern, albeit far more quietly than Musk, who has made his opposition known in no uncertain terms across his platform, X, where his every word reaches more than 220 million followers.
Cette histoire est tirée de l'édition July 02, 2025 de The Business Guardian.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The Business Guardian
The Business Guardian
Govt okays Rs 305-crore Tex-RAMPS scheme to boost R&D in textiles sector
The Government of India has approved a new central sector scheme, \"Textiles Focused Research, Assessment, Monitoring, Planning and Startup' (Tex-RAMPS), aimed at boosting research, innovation and competitiveness in the country's textiles sector.
1 min
November 28, 2025
The Business Guardian
India's economy on strong footing as GST cuts boost demand, Inflation hits record low
India's macroeconomic outlook remains firmly positive, with easing inflation, strengthening domestic demand and improving policy transmission placing the economy on a stable growth path, noted the Monthly Economic Review for October released on Thursday, by the Department of Economic Affairs, Ministry of Finance.
2 mins
November 28, 2025
The Business Guardian
HOW DEEPFAKES ARE CREATING NEW RISKS FOR WOMEN IN INDIA
With the rise in the usage of digital media by Indians, a new challenge has arisen in the form of synthetic and manipulated media, particularly deepfakes.
4 mins
November 28, 2025
The Business Guardian
RURAL DEMAND LIFTS MICROFINANCE SECTOR AS LENDERS SEE SIGNS OF STABILITY
New Delhi: India's microfinance industry is witnessing a renewed upswing, supported by rising rural demand, improved repayment behaviour and early signs of asset quality stabilisation, according to experts and lenders.
1 mins
November 28, 2025
The Business Guardian
Tesla opens first all-in-one Centre in Gurugram
Tesla India announces the opening of its first Tesla Centre in Gurugram on Thursday, marking a major step in its plan to expand electric mobility in the country.
1 mins
November 28, 2025
The Business Guardian
NEW TELECOM CYBERSECURITY RULES IN FORCE: DOT
The ministry clarified through a press release that a subsequent inadvertent re-publication of the rules does not affect the validity of the original amendments.
2 mins
November 28, 2025
The Business Guardian
NetBanking 2.0 aims to make online payments easier, safer: NPCI Bharat BillPay MD & CEO
Net banking in India is set to change in a big way with the introduction of a new system designed to make online payments simpler and safer for users.
1 mins
November 28, 2025
The Business Guardian
CBDT launches second NUDGE initiative to boost voluntary compliance on foreign assets
The Central Board of Direct Taxes (CBDT) on Thursday announced the launch of the second phase of its NUDGE initiative aimed at strengthening voluntary compliance in reporting foreign assets and income.
1 mins
November 28, 2025
The Business Guardian
An enchanting evening with veterans and gems of Hindi Poetry
The 53rd Shri Ram Kavi Sammelan returns with a distinguished lineup of veteran poets and celebrated gems of Hindi literature.
1 min
November 28, 2025
The Business Guardian
Govt approves Rs 305-crore Tex-RAMPS scheme to
The Government of India has approved a new central sector scheme, ‘Textiles Focused Research, Assessment, Monitoring, Planning and Startup’ (Tex-RAMPS), aimed at boosting research, innovation and competitiveness in the country’s textiles sector.
1 min
November 28, 2025
Listen
Translate
Change font size

