Overview

• Musk has threatened to fund primary challengers against any Republican lawmaker who votes for the reconciliation bill.
• He labeled the package a record $5 trillion debt ceiling increase and derided the GOP as the “Porky Pig Party.”
• Musk pledged to establish the America Party immediately after the bill’s passage to challenge the two-party system.
• Senate parliamentarian rulings on key provisions have opened a vote-a-rama process that must conclude before the July 4 deadline.
• The Congressional Budget Office projects the bill would add $3.3 trillion to the deficit over the next decade while cutting Medicaid coverage for 11.8 million people and reducing SNAP funding by nearly $300 billion.