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President Trump Reignites Criticism of Elon Musk Over the 'One Big Beautiful Bill'

2025/07/02 16:33 (Updated 2025/07/03 07:01)
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Written by N.Koda
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President Trump Reignites Criticism of Elon Musk Over the 'One Big Beautiful Bill'

Suggests Investigation by DOGE

On the 1st, US President Donald Trump once again launched a strong criticism of Elon Musk on his social media platform, Truth Social. He suggested that the Government Efficiency Agency (DOGE) should 'thoroughly investigate' how Musk's companies, such as Tesla and SpaceX, have benefited from government subsidies. The trigger was Musk's condemnation of Trump's major tax and spending reform bill, the 'One Big Beautiful Bill', as a 'foolish plan that would increase the fiscal deficit'. The bill's wildly excessive spending could potentially raise the debt ceiling to unprecedented levels...

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MAGAZINE
Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.