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Musk Slams Trump’s Bill, Sparks Federal Contract Threats

6/6/2025

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Summary

Story summary

Elon Musk labeled President Trump's spending bill a "disgusting abomination" and warned of a potential recession from tariffs.
Trump reacted by threatening to revoke federal contracts with Musk's companies, expressing disappointment in Musk.
Despite criticizing Trump's economic policies, Musk continues to support his 2024 campaign.
Economists caution that Trump's tariffs may trigger inflation and hinder GDP growth.
Steve Bannon proposed investigating Musk's immigration status, hinting at possible deportation.

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Story summary

Elon Musk labeled President Trump's spending bill a "disgusting abomination" and warned of a potential recession from tariffs.
Trump reacted by threatening to revoke federal contracts with Musk's companies, expressing disappointment in Musk.
Despite criticizing Trump's economic policies, Musk continues to support his 2024 campaign.
Economists caution that Trump's tariffs may trigger inflation and hinder GDP growth.
Steve Bannon proposed investigating Musk's immigration status, hinting at possible deportation.