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Trump threatens Musk subsidies after Musk again targets Trump's massive budget bill

Trump threatens Musk subsidies after Musk again targets Trump's massive budget bill

CBSN
Tuesday, July 01, 2025 11:05:47 AM UTC

President Trump once again targeted former close aide Elon Musk early Tuesday, attacking the amount of government subsidies the entrepreneur is receiving after the tech billionaire renewed criticism of the president's flagship spending bill.

"Elon may get more subsidy than any human being in history, by far," Mr. Trump said early Tuesday on his Truth Social platform, "and without subsidies, Elon would probably have to close up shop and head back home to South Africa."

Musk -- who had an acrimonious public falling out with the president over the bill -- reprised his sharp criticisms and renewed his talk of forming a new political party as Senate consideration of the measure got underway.

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