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July ,6 2025
Anna Murray
Tensions continue to rise between tech mogul Elon Musk and U.S. President Donald Trump. The latest spark: the Senate’s approval of Trump’s massive budget reconciliation bill, which is projected to significantly increase the national deficit.
Dubbed the “One Big Beautiful Bill,” the legislation — with recent Senate amendments — is estimated by the nonpartisan Congressional Budget Office (CBO) to add $3.3 trillion to the national debt over the next nine years. The CBO also projects a staggering $1.9 trillion deficit for the current fiscal year alone.
Musk has criticized the bill, claiming it will undo many of his cost-cutting initiatives, particularly those related to the cryptocurrency Dogecoin (DOGE). He has also reignited controversy by asserting,
without evidence, that Trump’s name appears in unpublished documents related to the late convicted sex offender Jeffrey Epstein.
In retaliation, Trump has threatened Musk’s vast business dealings with the federal government. Taking to social media, the president issued ominous warnings about ending government subsidies and canceling contracts awarded to Musk’s companies. “It’s the easiest way to save
billions and billions,” Trump wrote.
The feud shows no sign of slowing — and may have far-reaching political and economic consequences.