WASHINGTON — President Trump’s fiery breakup with former adviser Elon Musk quickly escalated Thursday as the commander in chief floated slashing “Billions and Billions” in federal funding for Musk’s companies.
“The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it!” Trump wrote on Truth Social.
Trump issued the thinly veiled threat after Musk, the president’s top financial backer in 2024 and his ex-Department of Government Efficiency inspiration, attacked pending legislation that contains many of the Republican’s key campaign pledges.
The Tesla and SpaceX CEO’s firms have wide-ranging relations with federal agencies, including for Starlink internet service, pricey space mission and electric vehicle subsidies.
The EV subsidies are already targeted in Republicans’ One Big Beautiful Bill Act, the vehicle through which Trump hopes to deliver on commitments to slash taxes on overtime, tips and Social Security benefits.
Musk has denounced the bill as wasteful and likely to add to the national debt.
This is a developing story. Please check back for updates.
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