Overview

• In an NBC interview, Trump warned that Musk will face "very heavy consequences" if he bankrolls Democratic challengers to Republicans supporting the budget bill.
• Musk publicly urged Congress to reject the legislation, arguing it would drive unsustainable debt.
• On X, Musk alleged that Trump appears in Jeffrey Epstein’s files, prompting the president to deny any wrongdoing and cite statements from Epstein’s former lawyer.
• The disputed budget increase includes a 12% rise in defense spending, major infrastructure investments, tax cuts and tighter eligibility for social programs.
• Trump declared he will no longer communicate with Musk and signaled the potential cancellation of government contracts and subsidies for Tesla and SpaceX.