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Trump, Musk feud painful to watch: CPAC chairman

Trump, Musk feud painful to watch: CPAC chairman

Yahoo15 hours ago

(NewsNation) — A White House official said President Donald Trump and Elon Musk have not spoken and have no plans to speak since their public feud started.
Trump is now planning to sell the Tesla he bought in March to support Musk, whose business was suffering backlash from his White House affiliation. The feud between the two stems from Musk's criticism of the 'big, beautiful bill,' which he called it a 'disgusting abomination' that will only add to the country's deficit.
During his time in the White House, Musk headed the Department of Government Efficiency, which was supposed to cut wasteful spending in the federal government.
Supreme Court hands DOGE big wins in Social Security, records cases
Matt Schlapp, the chairman of the Conservative Political Action Committee, told NewsNation's Connell McShane that the feud between Trump and Musk was 'painful' because conservatives have built a coalition and have worked hard to pull people together to support the Republican Party.
'It was kind of problematic for all of us to see that split,' Schlapp said.
He added that he was not surprised by the split between the two, because he believes Elon Musk didn't really fit into the political world and did not understand the importance of getting the budget bill passed.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Vance says Musk making a 'huge mistake' in going after Trump but also tries to downplay the attacks
Vance says Musk making a 'huge mistake' in going after Trump but also tries to downplay the attacks

Associated Press

time19 minutes ago

  • Associated Press

Vance says Musk making a 'huge mistake' in going after Trump but also tries to downplay the attacks

BRIDGEWATER, N.J. (AP) — Vice President JD Vance said Elon Musk was making a 'huge mistake' going after President Donald Trump in a storm of bitter and inflammatory social media posts after a falling out between the two men. But the vice president, in an interview released Friday after the very public blow up between the world's richest man and arguably the world's most powerful, also tried to downplay Musk's blistering attacks as an 'emotional guy' who got frustrated. 'I hope that eventually Elon comes back into the fold. Maybe that's not possible now because he's gone so nuclear,' Vance said. Vance's comments come as other Republicans in recent days have urged the two men, who months ago were close allies spending significant time together, to mend fences. Musk's torrent of social media posts attacking Trump came as the president portrayed him as disgruntled and 'CRAZY' and threatened to cut the government contracts held by his businesses. Musk, who runs electric vehicle maker Tesla, internet company Starlink and rocket company SpaceX, lambasted Trump's centerpiece tax cuts and spending bill but also suggested Trump should be impeached and claimed without evidence that the government was concealing information about the president's association with infamous pedophile Jeffrey Epstein. 'Look, it happens to everybody,' Vance said in the interview. 'I've flown off the handle way worse than Elon Musk did in the last 24 hours.' Vance made the comments in an interview with ' manosphere' comedian Theo Von, who last month joked about snorting drugs off a mixed-race baby and the sexuality of men in the U.S. Navy when he opened for Trump at a military base in Qatar. The vice president told Von that as Musk for days was calling on social media for Congress to kill Trump's 'Big Beautiful Bill,' the president was 'getting a little frustrated, feeling like some of the criticisms were unfair coming from Elon, but I think has been very restrained because the president doesn't think that he needs to be in a blood feud with Elon Musk.' 'I actually think if Elon chilled out a little bit, everything would be fine,' he added. Musk appeared by Saturday morning to have deleted his posts about Epstein. The interview was taped Thursday as Musk's posts were unfurling on X, the social media network the billionaire owns. During the interview, Von showed the vice president Musk's claim that Trump's administration hasn't released all the records related to sex abuser Jeffrey Epstein because Trump is mentioned in them. Vance responded to that, saying, 'Absolutely not. Donald Trump didn't do anything wrong with Jeffrey Epstein.' 'This stuff is just not helpful,' Vance said in response to another post shared by Musk calling for Trump to be impeached and replaced with Vance. 'It's totally insane. The president is doing a good job.' Vance called Musk an 'incredible entrepreneur,' and said that Musk's Department of Government Efficiency, which sought to cut government spending and laid off or pushed out thousands of workers, was 'really good.' The vice president also defended the bill that has drawn Musk's ire, and said its central goal was not to cut spending but to extend the 2017 tax cuts approved in Trump's first term. The bill would slash spending but also leave some 10.9 million more people without health insurance and spike deficits by $2.4 trillion over the decade, according to the nonpartisan Congressional Budget Office. Musk has warned that the bill will increase the federal deficit and called it a 'disgusting abomination.' 'It's a good bill,' Vance said. 'It's not a perfect bill.' He also said it was ridiculous for some House Republicans who voted for the bill but later found parts objectional to claim they hadn't had time to read it. Vance said the text had been available for weeks and said, 'the idea that people haven't had an opportunity to actually read it is ridiculous.' Elsewhere in the interview, Vance laughed as Von cracked jokes about famed abolitionist Frederick Douglass' sexuality. 'We're gonna talk to the Smithsonian about putting up an exhibit on that,' Vance joked. 'And Theo Von, you can be the narrator for this new understanding of the history of Frederick Douglass.' The podcaster also asked the vice president if he 'got high' on election night to celebrate Trump's victory. Vance laughed and joked that he wouldn't admit it if he did. 'I did not get high,' he then said. 'I did have a fair amount to drink that night.' The interview was taped in Nashville at a restaurant owned by musician Kid Rock, a Trump ally.

If You Invested Every Social Security Check for 10 Years, How Rich Would You Be?
If You Invested Every Social Security Check for 10 Years, How Rich Would You Be?

Yahoo

time24 minutes ago

  • Yahoo

If You Invested Every Social Security Check for 10 Years, How Rich Would You Be?

One common criticism of Social Security is that Americans would be much better off financially if the money they paid into the retirement program through payroll taxes was instead invested into private investment accounts. That same argument can be applied to Social Security checks — seniors would have much more wealth if they invested their checks as soon as they got them. Be Aware: For You: But is this a reasonable request for most people, especially those on a fixed income? To help find the answer here is a closer look at how much you could earn by investing your Social Security checks over a decade. For those seniors who can afford to invest all of their Social Security checks, the potential payoff is considerable. The following table shows how much profit you would have made if you invested every Social Security check over the past 10 years into the S&P 500, from 2015 through the beginning of 2025. The data includes the average Social Security check by year as previously reported by GOBankingRates. It also includes the average annual return of the S&P 500 from 2015 to 2025, as cited by Macrotrends (other sources might reflect different returns). Up Next: A couple things to keep in mind: The figures below are based only on yearly averages, which means they don't include month-to-month fluctuations that happen with the stock market. They also don't include other types of investments — such as crypto or real estate — that would have produced very different returns. Year Avg. monthly SS check Total SS payments for year S&P 500 return Profit/loss for year 2015 $1,341.77 $16,101.24 -0.73% -$117.54 2016 $1,360.13 $16,321.56 +9.54% +1,557.08 2017 $1,404.15 $16,849.80 +19.42% +3,272.23 2018 $1,461.31 $17,535.72 -6.24% -$1,094.23 2019 $1,455.22 $17,462.64 +28.88% +5,043.21 2020 $1,489.30 $17,871.60 +16.26% +2,905.92 2021 $1,517.98 $18,215.76 +26.89% +4,898.22 2022 $1,615.96 $19,391.52 -19.44% -3,769.71 2023 $1,696.35 $20,356.20 +24.23% +4,932.31 2024 $1,909.01 $22,908.12 +23.31% +5,339.88 2025 $1,976 $23,712 +1.96% +$464.76 Total profit/loss +$23,432.33 According to the table above, if you invested all of your monthly Social Security checks in the S&P 500 over the past decade, your nest egg would have grown by over $20,000. That kind of return should bring cheer to financial gurus, like Dave Ramsey, who recommends applying for Social Security retirement benefits as early as possible. For example, you could start collecting benefits at age 62 instead of the full retirement age of 66 or 67 and then immediately invest every monthly payment. There's just one problem with that reasoning. A large percentage of seniors don't have the financial ability to put their Social Security checks into stocks, bonds, mutual funds, exchange-traded funds, real estate, crypto or other investments. They need the money to pay the bills. For about half of U.S. seniors, Social Security provides at least 50% of their overall retirement income, according to research from the Center on Budget and Policy Priorities. For about one in four seniors, Social Security provides at least 90% of income. These folks have a hard enough time making ends meet, let alone tossing their Social Security checks into various investments that might or might not pay off. Nonetheless, for retirees who can afford to invest their benefit checks, there's a pretty good chance those investments will pay off and boost your retirement savings over the long haul. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses 10 Genius Things Warren Buffett Says To Do With Your Money This article originally appeared on If You Invested Every Social Security Check for 10 Years, How Rich Would You Be? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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