'Where the heck's all the money going?': Explosive House hearing over Elite Universities' cartel - The Economic Times Video
At a House Judiciary subcommittee hearing titled "The Elite Universities Cartel," lawmakers, led by Rep. Jim Jordan (R-OH), grilled witnesses over alleged collusion among top U.S. universities to inflate tuition costs. Harvard University, Brown University came under scrutiny as part of a broader probe into whether elite institutions have engaged in anticompetitive practices that burden students and families.
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Time of India
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- Time of India
Elon Musk Deletes three of his most-damaging Tweets against Donald Trump, the 'Really Big Bomb' and ...
File Image In a dramatic escalation of their public feud, billionaire Tesla CEO Elon Musk accused President Donald Trump of appearing in the Epstein files. As hours passed, there appears to be kind of reconciliation effort, damage control or maybe to reduce the intensity of animosity. Elon Musk has deleted some of his most damaging Twitter posts against Donald Trump, seemingly attempting to walk back the explosive claim. Another tweet that Trump has deleted is where he apparently supported Trump's impeachment as President and that JD Vance should replace him as the US President. In now-deleted posts, Musk claimed Trump was linked to the infamous child sex trafficker Jeffrey Epstein , alleging, 'That is the real reason [the Epstein files] have not been made public.' He added, 'Mark this post for the future. The truth will come out.' Musk's sudden deletion of the posts suggests an attempt to de-escalate, but the fallout from the accusation continues to reverberate. The public awaits further developments in this high-stakes clash between two of the nation's most influential figures. How Donald Trump vs Elon Musk fight started and then exploded The clash stems from Musk's opposition to Trump's 'Big Beautiful Bill,' a controversial proposal that includes historic cuts to Medicaid and food assistance programs while eliminating electric vehicle tax credits that benefit Musk's Tesla. The spat began when Musk, objecting to the bill's impact on his company's bottom line, launched a relentless social media campaign to derail it. His posts created a rift among Republicans, who need near-unanimous party support to pass the legislation. Trump, irritated by Musk's dissent, fired back with pointed jabs, prompting Musk to go nuclear. During a press conference, Trump expressed disappointment with the Tesla CEO, attributing Musk's opposition to the bill's proposed cuts to electric-vehicle (EV) tax credits. 'I'm very disappointed because Elon knew the inner workings of this bill better than almost anybody sitting here,' Trump told reporters. 'All of a sudden, he had a problem, and he only developed a problem when he found out we're going to have to cut the EV mandate.' Musk fired back in real time, posting rebuttals on Twitter as Trump spoke. He wrote, 'Such ingratitude,' highlighting his significant financial support for Republicans during the 2024 election. 'Without me, Trump would have lost the election, Dems would control the House, and the Republicans would be 51-49 in the Senate,' Musk claimed. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
an hour ago
- Time of India
Will Donald Trump investigate Elon Musk, cancel US government contracts with his companies or reconnect with Tesla CEO? Here's all about President's warning to billionaire
Donald Trump announced he has ended his relationship with billionaire Elon Musk . The split follows disagreements over a tax and spending bill. Trump also warned Musk not to fund Democrats, who oppose the bill. Trump Confirms Fallout with Musk In a phone interview with NBC News, Trump confirmed that his relationship with Elon Musk has ended. When asked if he planned to reconnect, Trump said he had no intention of speaking to Musk again. He added that no talks have taken place about investigating Musk. Warnings About Political Support Trump warned there would be serious consequences if Musk provides financial support to Democrats who oppose the president's tax and spending legislation. However, he did not explain what those consequences might be. No Action on Government Contracts Trump said he had not thought about canceling US government contracts with Musk's companies, including Starlink and SpaceX. These companies currently hold several federal contracts related to satellite internet and space launches. Also Read: Strawberry Moon: How to watch full moon in night sky? Here's viewing date, time and best locations Live Events Public Exchange Escalates Feud This week, Musk called Trump's bill a 'disgusting abomination.' His public opposition complicated the bill's journey through Congress. The bill passed narrowly in the House and is now being reviewed by the Senate. Legislation Faces Resistance Analysts say the bill would increase US debt by $2.4 trillion over 10 years. This has raised concerns among lawmakers, including fiscal conservatives. Despite that, Trump remains confident that the bill will pass by July 4. Republican Party Stands with Trump Since Trump's second term began in January, Republicans have supported his policies. While some lawmakers expressed concerns, they have not voted against his major proposals or nominations. Musk Deletes Critical Posts Musk removed posts from X that criticized Trump. One deleted post showed support for Trump's impeachment and named JD Vance as a possible replacement. Musk has not commented on the deletions. Also Read: Love Island USA Aftersun: See release date, host and where to watch talk show Calls for Reconciliation from Allies JD Vance, speaking on a podcast, said Musk's criticism was a mistake. He expressed hope that Musk could rebuild his relationship with Trump. Vance praised Musk's work but stressed his loyalty to the president. Musk's Past Support for Trump Musk contributed nearly $300 million to Trump's 2024 campaign. He helped Republicans keep control of the House and win the Senate. Trump had also appointed Musk to a role aimed at reducing federal spending. FAQs Why did Donald Trump end his relationship with Elon Musk? Trump ended ties with Musk after Musk criticized his bill and showed support for Democrats, raising concerns over political funding and loyalty. Did Elon Musk respond to Trump's statements? Musk has not officially responded but deleted posts critical of Trump, including one suggesting the president should be impeached and replaced by JD Vance.
Time of India
2 hours ago
- Time of India
Trump vs Musk: President warns Tesla CEO of 'very serious consequences' if he backs Democrats
US President Donald Trump issued a stern warning to Elon Musk, threatening "serious consequences" if the tech billionaire chooses to support Democratic candidates in retaliation against Republicans who back the GOP's budget bill. Tired of too many ads? go ad free now Speaking to NBC News in a telephonic interview on Saturday, Trump did not clarify what those consequences might be, but said, 'If he does, he'll have to pay the consequences for that,' adding, 'very serious consequences.' The confrontation came after a dramatic rift between the president and Musk, who was once one of Trump's most prominent financial backers. Musk contributed more than $250 million to Trump's 2024 campaign efforts and briefly served as head of the department of government efficiency during Trump's term, where he oversaw extensive cuts across federal departments. But in recent days, the relationship has unravelled in public view. The fallout began with Musk criticising the House-passed 'One Big Beautiful Bill Act' on his social platform X, arguing the GOP spending plan was unsustainable and would trigger an economic downturn. Responding to Musk's criticism on Thursday he said, 'I'm very disappointed because Elon knew the inner workings of this bill. I'm very disappointed in Elon. I've helped Elon a lot.' Musk retaliated with a series of posts, many of them now deleted, including one calling for Trump's impeachment and another reviving long-discussed allegations about Trump's links to the late financier Jeffrey Epstein. 'That's called 'old news,'' Trump said on Saturday, dismissing the resurfaced claims. 'Even Epstein's lawyer said I had nothing to do with it.' Asked whether he planned to repair his relationship with the Tesla and SpaceX CEO, Trump said curtly, 'No,' and confirmed that he believed their relationship was effectively over, 'I would assume so, yeah.' Tired of too many ads? go ad free now Trump added that he had 'no intention' of speaking with Musk again. 'I'm too busy doing other things,' he said. He also accused Musk of being 'disrespectful to the office of the President,' stating, 'You could not disrespect the office of the President.' Despite calls from conservative allies like Steve Bannon for federal scrutiny into Musk's business dealings, Trump said he hadn't discussed any such action. 'It's not something that's on top of my mind right now,' he said. However, in a Truth Social post earlier this week, Trump did hint at possible retaliation, writing, 'The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts.' 'I was always surprised that Biden didn't do it!' Despite the public feud, Trump struck an upbeat note about the GOP's budget bill, expressing confidence it would pass the Senate by July 4. 'The Republican Party has never been united like this before,' he said. 'Actually, more so than it was three days ago.'
