Overview

• Elon Musk has pledged to bankroll primary challengers against Republican lawmakers who support the $5 trillion reconciliation package.
• He has branded bill supporters the “Porky Pig Party,” accusing them of abandoning their pledges to cut federal debt.
• Musk plans to launch the America Party the day after the measure passes to offer an alternative to the existing two-party system.
• The Senate is conducting a vote-a-rama to secure approval of Trump’s One Big, Beautiful Bill ahead of a July 4 deadline.
• A Congressional Budget Office report estimates the legislation will add about $3.3 trillion to the national debt over the next decade.