President Donald Trump is taking aim at Elon Musk, threatening the tech mogul's businesses with the Department of Government Efficiency. Trump claims Musk receives more government subsidies than anyone in history, asserting that without them, Musk's ventures like SpaceX, Tesla, and Starlink would collapse. #TrumpVsMusk #DebtCrisis #PoliticalFeud
00:00President Donald Trump is taking aim at Elon Musk, threatening the tech mogul's businesses with the Department of Government Efficiency.
00:08Trump claims Musk receives more government subsidies than anyone in history, asserting that without them, Musk's ventures like SpaceX, Tesla, and Starlink would collapse.
00:18This public feud comes despite Musk's estimated $250 million contribution to Trump's election campaign.
00:25The latest clash ignited after Musk vehemently criticized a big, beautiful bill, a massive, pork-filled spending bill that would add trillions to the national debt.
00:36Musk has pledged to defeat any legislators who vote for the bill, even threatening to launch a new America party if it passes.
00:44His companies, SpaceX and Tesla, have indeed benefited from significant government contracts and subsidies.
00:51With reports suggesting at least $38 billion in various benefits, this isn't their first public spat.
01:00Trump previously threatened to terminate government contracts with Musk's companies.
01:05The president is pushing for this bill, his top legislative priority, to be passed by July 4th.
01:10The proposed legislation would increase the national debt by dollar, $3.3 trillion over the next decade, and cut over $1.1 trillion from Medicaid and other health care programs,
01:23potentially leaving nearly 12 million people without health insurance.
01:28Republicans in both the House and Senate face a tough battle to pass the bill,
01:32with a slim majority and several holdouts concerned about its impact on the deficit and health care.
01:38The stakes are high for both Trump and Musk as this political drama unfolds,
01:43with billions of dollars and significant policy changes hanging in the balance.
