Overview

• Elon Musk warned that if the Big Beautiful Bill passes, the America Party will launch the next day.
• He pledged to back challengers in Republican primaries against any lawmaker who votes for the record $5 trillion debt ceiling increase.
• Senators have entered an overnight session to vote on Trump’s massive spending package that would raise the debt ceiling by a record $5 trillion.
• President Trump responded on Truth Social by claiming Musk receives more federal subsidies than anyone in history and would “return to South Africa” without them.
• Trump threatened to direct the Department of Government Efficiency, which Musk once led, to audit and potentially cut subsidies to his companies.