Musk On Trump's Tax Bill: 'Bankrupting America Is Not Ok'
WASHINGTON, June 5 (Bernama-dpa) -- Tech billionaire Elon Musk has called on United States (US) citizens to pressure lawmakers to vote down US President Donald Trump's key tax and spending bill, German Press Agency (dpa) reported.
In a post on his platform X on Wednesday, Musk wrote: "Call your Senator, Call your Congressman. Bankrupting America is NOT ok! KILL the BILL."
Musk, who was recently involved in federal cost-cutting efforts, has sharply criticised what Trump calls the "Big Beautiful Bill" for raising the debt ceiling without sufficient spending cuts.
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Malay Mail
16 minutes ago
- Malay Mail
Ringgit eyes stability next week as markets await US CPI, PPI
KUALA LUMPUR, June 7 — The ringgit is likely to trade around RM4.22 to RM4.23 next week, said an analyst. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said that next week multiple United States (US) economic data will be out, namely the US Consumer Price Index (CPI) and Producer Price Index (PPI) for the month of May which plays a key role in shaping the market. 'While the data might show deceleration in inflation rate, the US Federal Reserve is likely to stay cautious as it is wary about the potential inflationary pressures arising from the tariff shocks. 'Already, responses from the US Institute for Supply Management (ISM) Index survey indicated that businesses have become more pessimistic as the higher tariffs have affected the supply chains and resulted in higher operating costs,' he told Bernama. The ringgit ended the week higher against the US dollar, closing at 4.2270/2360 on Friday from 4.2530/2605 a week earlier. The local note traded mostly higher against a basket of major currencies. The ringgit rose vis-à-vis the Japanese yen to 2.9324/9390 from 2.9531/9585 and inched higher against the British pound to 5.7212/7334 from 5.7284/7385 a week earlier. However, it depreciated versus the euro to 4.8268/8371 at Friday's close from 4.8169/8254 at the end of last week. The ringgit traded mostly higher against Asean currencies. The local note improved against the Singapore dollar to 3.2862/2934 on Friday from 3.2938/3002 the previous week, edged higher versus the Indonesian rupiah to 259.5/260.2 from 260.4/261.1 and stronger vis-a-vis the Philippine peso to 7.58/7.60 from 7.62/7.64 a week before, However, it weakened versus the Thai baht to 12.9599/9947 from 12.9507/9790 last week. — Bernama
The Star
18 minutes ago
- The Star
Cuts hit contract workers
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The Star
30 minutes ago
- The Star
Selangor Sultan calls for firm action to deal with haj scams
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