Trump, Musk Feud Over $5 Trillion Spending Bill

A feud has erupted between President Donald Trump and Elon Musk over Trump’s proposed 'One Big Beautiful Bill,' a $5 trillion spending package that raises the debt ceiling, extends tax cuts, and could add over $3 trillion to the national deficit. Musk, once a Trump ally, has become a vocal opponent, warning the bill threatens fiscal stability and vowing to launch a new 'America Party' if it passes. In response, Trump has threatened to withdraw federal subsidies from Musk’s companies, Tesla and SpaceX, and has suggested the Department of Government Efficiency (DOGE), previously led by Musk, investigate government support for his businesses. The dispute has spilled into campaign finance, with Musk pledging to back primary challengers against Republicans supporting the bill, while Trump targets those who oppose it. Critics warn the bill could cut healthcare for millions and further increase the national debt, while analysts say Musk’s party move could split the GOP vote. The clash highlights deep divisions within the Republican Party and the growing impact of billionaire rivalry on U.S. politics.