Chuck Schumer Admits He Agrees With Elon Musk: ‘He's Right'
Chuck Schumer and Elon Musk sure make strange bedfellows – but this is politics, after all.
The Senate Majority Leader from New York, a fierce critic of DOGE who's called Musk a liar and a hypocrite and accused the Tesla CEO of 'sabotaging' critical benefits and a 'hostile takeover' of federal government, pirouetted on Tuesday, declaring, without irony: 'He's right.'
This rare moment of political reconciliation is thanks to the 'One Big Beautiful Bill,' a sweeping federal spending package narrowly passed by the House last month and under consideration in the Senate.
To put it mildly, Musk is not a fan.
Days after the Space X chief and President Trump revealed at the White House that Musk's role at DOGE would be severely narrowed – possibly over his growing dislike of the Republican-backed bill – the X owner could hold his tongue no longer. On Tuesday, he posted a fiery screed against the bill.
Schumer's agreement was so strong that he stepped to a Senate chamber podium and declared on Tuesday: 'I agree with Elon Musk.'
Holding a printed placard of Musk's X posts, he read from them, word-for-word.
'Within the hour, [Musk] put on X the following,' Schumer said. 'I have it right here so you can all see it – he said, 'I'm sorry, but I just can't stand it anymore. This massive, outrageous, pork-filled spending bill is a disgusting abomination. Shame on those who voted for it. You did wrong. You know it. It will massively increase the already gigantic budget deficit to $2.5 trillion, and burden American citizens with crushingly unsustainable debt.''
To make it clear he wan't joking, Schumer added: 'He's right.'
The 'One Big Beautiful Bill Act' was passed by the U.S. House of Representatives on May 22, with a narrow vote of 215–214 and one member voting 'present.' The vote was largely along party lines, with all Democrats opposing; Republican Representatives Thomas Massie and Warren Davidson voted against it.
'If even Elon Musk, who's been part of the whole process and is Trump's buddy, says the bill is bad, you can imagine how bad this bill is,' Schumer told reporters. 'Musk said people shouldn't vote for the bill. Let's hope the Republicans follow him, not Trump.'
Schumer wasn't the only Democrat who agreed with Musk, as Rep. Hakeem Jeffries and Sen. Bernie Sanders also echoed his scathing distaste for the package.
'Breaking news: Elon Musk and I agree with each other,' Jeffries said in a press conference. 'The GOP tax scam is a disgusting abomination.'
Incidentally, the words 'disgusting' and 'abomination' were certainly having a moment on Tuesday.
'Musk is right,' Sanders conceded on X. 'Let's defeat this disgusting abomination.'
The post Chuck Schumer Admits He Agrees With Elon Musk: 'He's Right' | Video appeared first on TheWrap.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Departure of Tesla's humanoid robot boss caps tough week for Elon Musk, amid bitter fallout with Trump
It's been a difficult week for Tesla. Not long after Elon Musk and President Donald Trump's very-public social media spat led Tesla shares to take their greatest single-day drop ever on Thursday—erasing $152 billion off its market cap—one of Tesla's top engineers confirmed on social media late Friday afternoon that he was leaving the company. Milan Kovac, who oversaw the development of Tesla's 'Optimus' humanoid robot posted on X that he had made 'the most difficult decision of my life' and would be 'moving out of my position,' confirming a Bloomberg report from earlier Friday afternoon that he was departing the company. 'I've been far away from home for too long, and will need to spend more time with family abroad,' he wrote in the post. 'I want to make it clear that this is the only reason, and has absolutely nothing to do with anything else. My support for [Elon Musk] and the team is ironclad—Tesla team forever.' Musk later replied to the post on X, thanking Kovac for his contributions to the company and saying it had been an 'honor' to work with him. The departure is a meaningful one for Tesla. Musk has repeatedly made public statements staking the future of the company on Tesla's self-driving software and its yet-to-be-released humanoid robot product. Musk has claimed that the Optimus robot, specifically, could generate 'north of $10 trillion in revenue' for Tesla and be its biggest product ever. It's largely his bullishness on these AI-powered initiatives that have contributed to Tesla's soaring stock price, which some analysts have argued is divorced from reality. Kovac's departure raises questions over the future direction of Optimus, and whether Tesla will successfully be able to develop, manufacture, and deliver the humanoid robots. Bloomberg reported that Ashok Elluswamy, who leads Tesla's Autopilot, would be taking over responsibilities for Optimus. Tesla had already been criticized for overselling the capabilities of Optimus after it failed to alert attendees of its 'We, Robot' launch event that humans were apparently remotely controlling the robots. (Kovac had confirmed in a social media post after the event that the robots were human-assisted 'to some extent') The departure of one of Tesla's top engineers adds to what has already been a troubling week for the electric vehicle maker. Tesla's shares tumbled this week as President Trump and Musk took to their respective social media platforms to hurl insults at one another. Trump accused Musk of being frustrated that EV credits for Tesla cars would go away as part of the 'Big Beautiful Bill,' while Musk accused the president of irresponsible spending with the proposed legislation. The conversation spiraled into insults and even discussions of cutting SpaceX contracts with NASA as the partnership between the two figures very publicly imploded. Adding to Tesla's woes, Wall Street investment bank Goldman Sachs issued a note to investors on Thursday forecasting weaker-than-expected sales of Tesla cars in the second quarter. Tesla shares recovered some ground on Friday as Musk said he was open to making amends with Trump, though the stock still finished the week down 14% from January (still, Tesla shares are trading nearly 66% higher than they were this time last year.) In his social media post, Kovac recounted how he had joined Tesla in 2016 as an engineer on its Autopilot team and that he had transitioned to lead the Optimus group in early 2022 when Tesla had 'nothing but a couple Kuka arms arranged upside-down,' referring to the industrial robotic arms that are often used in automated factory systems. Tesla did not respond to an immediate request for comment on Kovac's departure. This story was originally featured on
Business Upturn
13 minutes ago
- Business Upturn
APT Miner uses clean energy cloud mining to earn Bitcoin, XRP and Dogecoin for free
Seattle, WA, June 06, 2025 (GLOBE NEWSWIRE) — The crypto industry is unpredictable. If you want to seize the next bull market opportunity, a high-quality community is essential. In this community, everyone can support each other, advance and retreat together, and maintain a keen insight into the market. However, if you fight alone and lack direction, it is undoubtedly a huge challenge to gain a foothold and persist in this industry. As one of the top five cryptocurrencies in the world by market value, Ripple (XRP) has recently become the focus of the market again. In the past 24 hours, its price has fluctuated dramatically, going against the trend of the overall cryptocurrency market, attracting widespread attention from the cryptocurrency community. In this price storm, a striking phenomenon emerged: a large number of Ripple (XRP) whales flocked to APT Miner. As one of the few trusted leading platforms in the field, APT Miner has quietly established its own brand with its unique cloud mining method. How to mine in the cloud using APT Miner: 1: Register now to get a $15 bonus (earn $0.6 by signing in daily) 2: Choose a contract: After successfully registering, the next step is to choose a mining contract that suits your goals and budget. APT Miner offers a variety of contracts to meet your different needs, whether you are a novice or an experienced miner. Take a close look at the available options and consider factors such as contract length, potential returns, and associated costs. Here are the potential earnings you can earn: 【New User Experience Contract】: Investment amount: US$100, total net profit: US$100 + US$8. 【DOGE(Gold Shell-Mini-DOGE-Pro)】: Investment amount: US$500, total net profit: US$500+US$42. 【BTC(Antminer-S19-XP)】: Investment amount: USD 2,500, total net profit: USD 2,500 + USD 437. 【BTC(Antminer-S19-XP)】: Investment amount: USD 7,500, total net profit: USD 7,500 + USD 3,375. 【BTC(AntminerT21)】: Investment amount: USD 17,000, total net profit: USD 17,000 + USD 9,520. 【BTC/BCH(ANTSPACE HK3)】：Investment amount: USD 50,000, total net profit: USD 50,000 + USD 35,600. More contract details: Visit APT Miner contract page for details: 3: Start to Profit: After selecting and activating the mining contract, you can sit back and relax while the system automatically completes your mining tasks. Working for you. APT Miner's advanced technology ensures that your mining operations run efficiently and maximizes your potential profits. As your mining activity progresses, profits will begin to accumulate in your account. You can track your mining performance through the platform dashboard and withdraw your earnings when you are ready. APT Miner platform advantages: 1: Cutting-edge equipment: Use mining equipment provided by top mining machine manufacturers such as Bitmain, Shenma Mining Machine, and Canaan Creative to ensure the stable operation and efficient production capacity of Bitcoin mining machines. 2: Legality and global users: The platform was legally established in the UK in 2018, protected and issued by the UK government, and has attracted more than 9 million real users around the world with cutting-edge technology. 3: Intuitive Interface: The platform's user-friendly interface ensures that even cryptocurrency newbies can easily get started. 4: Supports settlement of multiple popular cryptocurrencies: such as Dogecoin (DOGE), Bitcoin (BTC), Ethereum (ETH), US Dollar (USDC), US Dollar (USDT), Bitcoin Cash (BCH), Litecoin (LTC), etc. 5: Stable income: The contracts launched by the platform generate income every 24 hours, and the principal will be automatically returned after the contract expires. 6: APTMiner provides 7/24 hours customer service, supports global languages, and communication is barrier-free 7: Affiliate Program: You can refer friends and get a referral bonus of up to $50,000. For more details, please visit the official website: Official email: [email protected] Summarize: APT Miner is a company legally registered in the UK, engaged in network encryption technology services, authorized and regulated by the UK Financial Services Authority, and abides by local laws and regulations. Since its establishment in 2018, it has gained the trust of more than 9 million users. The company's mission is to make cloud mining accessible to everyone, providing the most advanced technology and large industrial data centers, which can be easily accessed from any device at any time and anywhere. Disclaimer: The information provided in this press release is not a solicitation to invest and is not intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involve risks. There is a possibility of loss of funds. You are strongly advised to perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
16 minutes ago
- Yahoo
Why EchoStar Bounced Back Today
EchoStar issued a press release touting its new 5G-enabled tablet. The FCC recently threatened EchoStar's spectrum holdings, alleging it hadn't been building its 5G network fast enough. Elon Musk's public spat with Donald Trump may also, believe it or not, account for the rise, since Musk's SpaceX wants EchoStar's spectrum. 10 stocks we like better than EchoStar › EchoStar (NASDAQ: SATS) shares were bouncing back today, up 10% as of 2 p.m. ET. EchoStar's shares have been under severe pressure since the beginning of the year, but especially in the past week. That's because management decided to not make two separate interest payments on its debt, as it awaits a decision from the FCC regarding its spectrum. Management has a 30-day grace period to do so before the company is technically in default. The spectrum debate has to do with the pace of EchoStar's 5G rollout, and is also indirectly linked up with Elon Musk's SpaceX. Back in May, the new Trump-appointed FCC director sent a letter to EchoStar, stating that the extension it was granted to complete its 5G network buildout by the prior administration was under review. EchoStar had purchased valuable spectrum years ago, on the terms that it would build a 5G network to increase competition in the industry. However, EchoStar's buildout has been slow, which is perhaps not surprising, given its declining legacy business in satellite TV. In an interesting wrinkle, Musk's SpaceX had led a campaign to win more satellite spectrum for its own services, including the spectrum held by EchoStar. That may have played a part in the FCC's initiation of a review, given Musk's ties to the Trump administration. However, late yesterday, EchoStar issued a press release introducing its new Boost Mobile Celero tablet, the Celero5G TAB, a low-cost tablet that takes advantage of EchoStar's 5G network. While normally not that significant, the announcement of a new 5G product could go a ways toward making EchoStar's case to the FCC that it deserves to keep its spectrum. Furthermore, it appears Musk's relationship with the Trump administration is now on the outs, given Musk's storm of posts today criticizing the administration and Republicans in Congress for the deficit expansion in the "Big, Beautiful Bill" making its way through Congress. If Musk and Trump have a falling out, then the FCC may not aggressively pursue EchoStar's spectrum on behalf of SpaceX, if SpaceX's campaign was in fact a motivating factor in initiating the review. EchoStar's stock has been punished severely, so it could make for a turnaround play if in fact it's able to deploy 5G to more areas and grow its low-cost Boost Mobile offerings. However, its high debt, declining legacy satellite TV business, and unresolved battle with the FCC remain big risks. Betting on a big recovery is a highly risky proposition, and only appropriate for speculators at this point. Before you buy stock in EchoStar, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and EchoStar wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor's total average return is 789% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why EchoStar Bounced Back Today was originally published by The Motley Fool
