Ga onbeperkt met Magzter GOLD

Ga onbeperkt met Magzter GOLD

Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts

$149.99
 
$74.99/Jaar

Poging GOUD - Vrij

Elon Musk Calls Trump Megabill a 'Disgusting Abomination'

Mint New Delhi

|

June 05, 2025

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

- Siobhan Hughes & Jasmine Li

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."

MEER VERHALEN VAN Mint New Delhi

Mint New Delhi

Mint New Delhi

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 New Delhi

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 New Delhi

Sovereign Al takes off as countries try to avoid overdependence on superpowers

As China and the U.S. race to dominate artificial intelligence, countries are increasingly wary of becoming overly dependent on the superpowers for a technology that could profoundly affect their economic competitiveness and national security.

time to read

4 mins

November 26, 2025

Mint New Delhi

Mint New Delhi

Sterling Biotech: Can SC ruling aid other fugitives?

The Supreme Court's decision to close all cases against the Sandesara brothers of Sterling Biotech Ltd, after they agreed to pay *5,100 crore, triggered a debate on whether other fugitives could use this ruling. Mint looks at whether Vijay Mallya and Nirav Modi can seek relief, too.

time to read

2 mins

November 26, 2025

Mint New Delhi

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 New Delhi

Mint New Delhi

No selloff, SAIL unit to get cash infusion

The Union steel ministry is preparing to infuse more than ₹400 crore into Salem Steel Plant, the stainless-steel unit of the Steel Authority of India Ltd (SAIL), marking a sharp policy turn from its earlier intent to privatize the loss-making mill, according to two senior ministry officials.

time to read

2 mins

November 26, 2025

Mint New Delhi

Mint New Delhi

KKR strengthens its play in Lighthouse

Private equity firm KKR has made a fresh round of investment in Lighthouse Learning, along with new investor PSP Investments.

time to read

1 mins

November 26, 2025

Mint New Delhi

India’s oil binge to end in Dec as sanctions bite Russia

US targeted top Russian producers Rosneft and Lukoil in recent round of sanctions. AP

time to read

1 mins

November 26, 2025

Mint New Delhi

Three public sector banks get new EDs

The government has appointed new executive directors (EDs) at Union Bank of India, Central Bank of India and Bank of India, according to regulatory disclosures on Tuesday.

time to read

1 min

November 26, 2025

Mint New Delhi

India requires a healthkeeper to secure its demographic dividend

Scaling up the use of tech to track health can provide a vital generation the preventive care it’ll need

time to read

3 mins

November 26, 2025

Listen

Translate

Share

-
+

Change font size