Senator Cory Booker says he will not accept any donations from Elon Musk
A leading elected Democrat rejected the idea of taking campaign donations from tech billionaire Elon Musk, whose spectacular fallout with former ally Donald Trump has roiled American politics.
Trump on Saturday said Musk will face 'serious consequences' if he moves to support Democratic political candidates in any upcoming elections, following a public rift between the two men over Musk's staunch opposition to the cost of US president's planned piece of landmark domestic legislation.
But Cory Booker, a senator for New Jersey, scotched any idea he would take any Musk cash. 'I would not accept money from Elon Musk for my campaign,' Booker told NBC's Meet the Press on Sunday.
Related: Trump warns Musk of 'very serious consequences' if he backs Democrats
But Booker added, referring to the Republicans budget bill that Musk has criticized, 'I would be supportive of anybody, including Elon Musk, putting resources forward right now to let more Americans know, sound the alarm, treat this like a Paul Revere moment.'
Booker added: 'More Americans have to understand that if this bill passes, average Americans are going to see their costs skyrocket as this president again pushes legislation that is indicative of his chaos, corruption and cruelty towards Americans.'
The senator's comments come as Democrats wrestle with the how to turn the dramatic fallout between Musk and Trump into opportunity. Musk turned his back on the party in 2022 and contributed $270m to Trump's re-election campaign in 2024, providing crucial help in the Republican's eventual victory.
As the Trump-Musk feud intensified on Thursday, Musk posted on X: 'In November next year, we fire all politicians who betrayed the American people.,' clearly referring to any politician who supported Trump's budget bill.
Ro Khanna, a Democratic congressman, reportedly talked with one of Musk's 'senior confidants' on last week about whether Musk might now want to help the Democrats in the midterm elections next year.
'Having Elon speak out against the irrational tariff policy, against the deficit exploding Trump bill, and the anti-science and anti-immigrant agenda can help check Trump's unconstitutional administration,' Khanna told Semafor.
'I look forward to Elon turning his fire against Maga Republicans instead of Democrats in 2026,' Khanna, who has argued that his party was unwise to alienate Musk, told the outlet.
However, leftwing politicians, including Vermont senator Bernie Sanders and New York congresswoman Alexandria Ocasio-Cortez, have publicly pictured Musk as what voters should be against: powerful wealthy billionaires seeking influence through politics.
Sanders told CNN's State of the Union Sunday that Musk had 'evolved' into an extremist since he voted for Obama in 2008.
'Over the years he has developed into a rightwing extremist. The issue and drama over what happened last week is that we are living, increasingly, in an oligarchic society. Musk said: 'Hey listen, I spent $270m dollars to get you elected. I bought you the presidency …'
'This is a fight between oligarchs. It's a fight about power among the few, and it's really an embarrassment for those of us who believe in democracy and the rule of law,' Sanders added.
Musk said last month that he planned to spend 'a lot less' on political campaigns as he scaled back and ultimately exited his time in government, where Trump had tasked him with massively slashing federal spending and jobs.
Related: Trump-Musk feud shows what happens when unregulated money floods politics
'In terms of political spending I'm going to do a lot less in the future,' Musk told a Bloomberg forum in Doha. Asked why, he responded: 'I think I've done enough.'
But Musk's opposition to Trump's 'One Big Beautiful' bill budget proposal, calling it an 'disgusting abomination', by definition puts him in relative proximity to Democratic positions on that issue.
Booker was asked if agreed with Musk about the planned legislation that Trump has made a centerpiece of his administration. 'I agree that it's going to saddle this country with trillions of dollars of debt, endanger our entire economy … This is a morally wrong bill. And it's definitely, definitely an economically wrong bill as well.'
'This is not about right or left, it's about right or wrong,' he added. 'And I welcome Elon Musk, not to my campaign. I welcome him right now, not to sit back and just fire off tweets, to get involved right now in a more substantive way and putting pressure on congresspeople and senators to not do this.'
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CNN
30 minutes ago
- CNN
Putin promised to make Ukraine pay for its airbase attacks. What does he have left?
The operation, codenamed 'Spiderweb,' was 18 months in the making. Dozens of hidden drones emerged from trucks parked in Russia, racing to airfields thousands of miles from Ukraine and destroying at least 12 bombers. Although the operation was a huge boost for Ukrainian morale, many in the country braced for Moscow's retaliation. Their fears sharpened when Russian President Vladimir Putin told his US counterpart Donald Trump on Wednesday that the Kremlin would 'have to respond' to the attack. Russia's initial retaliation began Thursday night, in the form of a massive drone and missile strike on Kyiv and across the country. Russia's Ministry of Defense described the strikes as a 'response' to Kyiv's 'terrorist acts.' The attack was punishing, but not qualitatively different to what Ukraine has grown used to over three years of war. Olha, a 67-year-old resident of Kyiv who asked to be identified only by her first name, told CNN that if Thursday night's strikes were Russia's retaliation, then Ukraine faces 'many such retaliations – once a month, even more.' Russia's response so far to Ukraine's extraordinary operation has raised questions about Putin's ability to escalate the war and exact the retribution that many of his supporters have clamored for. And it has left Ukrainians wondering if it has already felt the brunt of Russia's response, or if the worst is yet to come. In determining Russia's retaliation, analysts say, Putin has faced several constraints. One is political: Mounting a large-scale, innovative response to the 'Spiderweb' operation would be akin to admitting that Ukraine had inflicted a serious blow against Russia – an impression the Kremlin has been at pains to avoid, said Kateryna Stepanenko, a Russia analyst at the Institute for the Study of War, a think tank in Washington DC. In a meeting with government ministers on Wednesday, Putin received a lengthy briefing on recent bridge collapses in Kursk and Bryansk, blamed by Russia on Ukraine. Yet, aside from Foreign Minister Sergey Lavrov's reference to recent 'criminal provocations' by Kyiv, there was no mention of the 'Spiderweb' operation. In Russian state media's coverage of Putin's call Wednesday with Trump, little was made of the Russian president's pledge to 'respond' to Ukraine's attack. Instead, the reports focused on the outcome of recent peace talks in Istanbul. Stepanenko said this is part of a deliberate strategy. 'Putin is trying to make this go away and hide this failure yet again,' she told CNN. She said a high-profile response 'would contradict the Kremlin's strategic objective of making it all go away and sweeping this under the rug.' Putin has also faced material constraints. Whereas Russia's near-daily strikes on Ukraine used to involve just dozens of drones, they now routinely use more than 400. A day before Ukraine's 'Spiderweb' operation, on May 31, Russia launched 472 drones at Ukraine – a record in the three-year war, which was surpassed again during Sunday night's attacks, which used 479 drones. 'Russia's response is constrained by the amount of force they're constantly using,' said William Alberque, a former NATO arms control official now at the Stimson Center think tank. 'How would you know if Russia was actually retaliating? What would be more brutal than them destroying apartment flats or attacking shopping malls? What would escalation look like?' Russia's pro-war community of Telegram bloggers was not short of ideas. Some prominent channels said that Kyiv's strikes on Moscow's nuclear-capable bombers warranted a nuclear strike on Ukraine. Others called for a strike using the Oreshnik ballistic missile, which was unveiled by Putin last year, and has so far been used only once against Ukraine. Although Putin often praises his new missile, it has limited uses, said Mark Galeotti, a leading Russia analyst. 'The Oreshnik is really geared for a particular kind of target. It's not that accurate… and it's not a bunker-buster,' he told CNN, meaning the missile would struggle to take out key manufacturing and decision-making hubs that Ukraine has moved deep underground. 'If you're going to deploy it… you want it to have a target that's worthy of the name.' One target could be Ukraine's security services, the SBU, which masterminded the 'Spiderweb' operation, he said. 'But that's not something you can do quickly,' he cautioned. 'In some ways, Putin has already swept away most of the escalation rungs at his disposal, which means that he doesn't have the option for clear punishment.' In a sign that Moscow's 'retaliation' may be ongoing, Russia's Ministry of Defense said it had struck a Ukrainian airfield in the western Rivne region on Sunday night – a week after Ukraine's attacks on Russian airfields. The ministry said the attack was 'one of the retaliatory strikes' for Kyiv's 'terrorist attacks' against Russia's airfields, suggesting there may be more to come. Yuriy Ihnat, a spokesperson for Ukraine's air force, said the attack on the airfield was 'one of the biggest ever carried out by Russia.' Although air defenses 'performed very well,' he said it was 'impossible to shoot down everything.' Although Putin may be constrained in his ability to respond to Ukraine's spectacular operation with one of Russia's own, this may not matter on the battlefield, said Galeotti. 'From a political perspective… it's the Ukrainians who demonstrate that they are the nimble, imaginative, effective ones, and the Russians are just thuggish brutes who continue to grind along,' he said. 'But from the military perspective, in some ways, that's fine.' While Ukraine may have the initiative in terms of headlines and spectacle, Russia still has the initiative on the battlefield. Russian troops have opened a new front in Ukraine's northern Sumy region and are now just 12 miles from the main city. And on Sunday, Moscow claimed that its forces had advanced into the central Ukrainian region of Dnipropetrovsk for the first time, after months of clashes. The question is whether 'Putin is willing to accept whatever damage happens on the home front, precisely for his slow attrition grind forward,' said Galeotti. Alberque, of the Stimson Center, said a lot rests on whether Ukraine has been weaving more 'Spiderwebs,' or whether its drone attack was a one-off. 'The fact that this operation was a year- and-a-half in the planning – how many other operations are a year-in right now?' he asked. Two days after the drone attack, Ukraine's SBU unveiled another operation – its third attempt to blow up the bridge connecting Russia and the occupied Crimean Peninsula. The bridge over the Kerch Strait was not significantly damaged, but the attack reinforced the SBU's commitment to impressing upon Moscow that there are costs to continuing its war. If 'humiliating' operations like those continue, Putin will come under greater pressure to deliver a response that is different in kind, not just degree, Alberque said. 'Putin is such a creature of strongman politics,' he added. '(The Kremlin) is going to look for other ways to strike back, to show the Russian people that Putin is a great wartime president who is inflicting horrible damage on his enemy, rather than a victim of these spectacular Ukrainian attacks.' CNN's Kosta Gak and Victoria Butenko contributed reporting.


Associated Press
31 minutes ago
- Associated Press
Canada plans to hit NATO spending target early and reduce US defense reliance, Carney says
TORONTO (AP) — Canada will meet NATO's military spending guideline by early next year and diversify defense spending away from the United States, Prime Minister Mark Carney said Monday. Carney said Canada will achieve NATO's spending target of 2% of gross domestic product five years earlier than it had previously planned. 'Our military infrastructure and equipment have aged, hindering our military preparedness,' Carney said. 'Only one of our four submarines is seaworthy. Less than half of our maritime fleet and land vehicles are operational. More broadly we are too reliant on the United States.' According to NATO figures, Canada was estimated to be spending 1.33% of GDP on its military budget in 2023, below the 2% target that NATO countries have set for themselves. Canada previously said it was on track to meet NATO's spending target by the end of the decade. 'Our goal is to protect Canadians, not to satisfy NATO accountants,' Carney said. The announcement of increased spending came as Canada is about to host a summit of the Group of Seven leading industrialized nations in Alberta on June 15-17, and before the NATO summit in Europe. It also comes as NATO allies are poised to increase the commitment well beyond the 2% target. NATO Secretary-General Mark Rutte said last week that most U.S. allies at NATO endorse U.S. President Donald Trump's demand that they invest 5% of gross domestic product on their defense needs and are ready to ramp up security spending even more. Carney has said that he intends to diversify Canada's procurement and enhance the country's relationship with the EU. 'We should no longer send three quarters of our defense capital spending to America,' Carney said in a speech at the University of Toronto. 'We will invest in new submarines, aircraft, ships, armed vehicles and artillery, as well as new radar, drones and sensors to monitor the seafloor and the Arctic.' Canada has been in discussions with the European Union to join an EU drive to break its security dependency on the United States , with a focus on buying more defense equipment, including fighter jets, in Europe. Carney's government is reviewing the purchase of U.S. F-35 fighter jets to see if there are other options. Carney said that the U.S. 'is beginning to monetize its hegemony: charging for access to its markets and reducing its (relative) contributions to our collective security.' 'Middle powers compete for interests and attention, knowing that if they are not at the table, they will be on the menu,' Carney said. Trump's calls to make Canada the 51st U.S. state have infuriated Canadians, and Carney won the job of prime minister after promising to confront the increased aggression shown by Trump. Carney said that the long-held view that Canada's geographic location will protect Canadians is becoming increasingly archaic. European allies and Canada have already been investing heavily in their armed forces, as well as on weapons and ammunition, since Russia launched a full-scale invasion of Ukraine on Feb. 24, 2022.


CNBC
31 minutes ago
- CNBC
Walmart is using its own fintech firm to provide credit cards after dumping Capital One
Walmart's majority-owned fintech startup OnePay said Monday it was launching a pair of new credit cards for customers of the world's biggest retailer. OnePay is partnering with Synchrony, a major behind-the-scenes player in retail cards, which will issue the cards and handle underwriting decisions starting in the fall, the companies said. OnePay, which was created by Walmart in 2021 with venture firm Ribbit Capital, will handle the customer experience for the card program through its mobile app. Walmart had leaned on Capital One as the exclusive provider of its credit cards since 2018, but sued the bank in 2023 so that it could exit the relationship years ahead of schedule. At the time, Capital One accused Walmart of seeking to end its partnership so that it could move transactions to OnePay. The Walmart card program had 10 million customers and roughly $8.5 billion in loans outstanding last year, when the partnership with Capital One ended, according to Fitch Ratings. For Walmart and its fintech firm, the arrangement shows that, in seeking to quickly scale up in financial services, OnePay is opting to partner with established players rather than going it alone. In March, OnePay announced that it was tapping Swedish fintech firm Klarna to handle buy now, pay later loans at the retailer, even after testing its own installment loan program. In its quest to become a one-stop shop for Americans underserved by traditional banks, OnePay has methodically built out its offerings, which now include debit cards, high-yield savings accounts and a digital wallet with peer-to-peer payments. OnePay is rolling out two options: a general-purpose credit card that can be used anywhere Mastercard is accepted and a store card that will only allow Walmart purchases. Customers whose credit profiles don't allow them to qualify for the general-purpose card will be offered the store card, according to a person with knowledge of the program. OnePay didn't yet disclose the rewards expected with the cards, though the general-purpose card is expected to provide a stronger value, said this person, who declined to be identified speaking ahead of the product's release. The Synchrony partnership was reported earlier by Bloomberg. "Our goal with this credit card program is to deliver an experience for consumers that's transparent, rewarding, and easy to use," OnePay CEO Omer Ismail said in the Monday release. "We're excited to be partnering with Synchrony to launch a program at Walmart that checks each of those boxes and will help serve millions of people," Ismail said.