
Musk criticizes Trump bill over abrupt end to energy tax credits
Outgoing administration adviser Elon Musk is criticizing Republicans' signature policy bill to advance President Trump's agenda as the he walks out the door, saying it moves too quickly to phase out Biden-era low-carbon energy tax credits.
Musk, in a social media post on X, retweeted a post from his company Tesla Energy that warns against 'abruptly ending the energy tax credits.'
The post states: 'We urge the senate to enact legislation with a sensible wind down' of credits for low-carbon electricity companies and homeowners who want to install residential green energy such as rooftop solar.
In a separate post, Musk notes 'there is no change to tax incentives for oil & gas, just EV/solar' in the House-passed GOP bill, which faces calls from changes from multiple Republicans in the Senate.
The posts highlight fissures within the Republican Party on how to deal with the energy tax credits passed by Democrats in 2022.
A number of Republicans have called for a more deliberate phaseout that does not strand energy projects already in progress, but what ultimately passed the House was a significant chop to the credits that many in the industry describe as unworkable.
In particular, the final version states that projects can only get the credit if they begin construction within 60 days of the bill's passage and begin producing electricity by 2028.
Trump has called for Republicans to unite behind the bill, but Musk has also criticized it before, in an interview with CBS News, for not codifying the broad government funding cuts enacted by his Department of Government Efficiency (DOGE).
'I was disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decreases it, and undermines the work that the DOGE team is doing,' he said.
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Politico
13 minutes ago
- Politico
Deadly Russian bombardment of Ukraine further dampens hopes for peace
KYIV, Ukraine — Russia struck Ukraine with a thunderous aerial bombardment overnight, further dampening hopes that the warring sides could reach a peace deal anytime soon days after Kyiv embarrassed the Kremlin with a surprising drone attack on military airfields deep inside Russia. The barrage was one of the fiercest of the three-year war, lasting several hours, striking six Ukrainian territories, and killing at least six people and injuring about 80 others, Ukrainian officials said Friday. Among the dead were three emergency responders in Kyiv, one person in Lutsk and two people in Chernihiv. The attack came after U.S. President Donald Trump said his Russian counterpart, Vladimir Putin, told him Moscow would respond to Ukraine's attack Sunday on Russian military airfields. It was also hours after Trump said it might be better to let Ukraine and Russia 'fight for a while' before pulling them apart and pursuing peace. Trump's comments were a remarkable detour from his often-stated appeals to stop the war and signaled he may be giving up on recent peace efforts. Ukrainian cities have come under regular bombardment since Russia invaded its neighbor in February 2022. The attacks have killed more than 12,000 civilians, according to the United Nations. 'Russia doesn`t change its stripes,' Ukrainian President Volodymyr Zelenskyy said. The war has continued unabated even as a U.S.-led diplomatic push for a settlement has brought two rounds of direct peace talks between delegations from Russia and Ukraine. The negotiations delivered no significant breakthroughs, however, and the sides remain far apart on their terms for an end to the fighting. Ukraine has offered an unconditional 30-day ceasefire and a meeting between Zelenskyy and Russian leader Vladimir Putin to break the deadlock. But the Kremlin has effectively rejected a truce and hasn't budged from its demands. 'The Kremlin continues efforts to falsely portray Russia as willing to engage in good-faith negotiations to end the war in Ukraine, despite Russia's repeated refusal to offer any concessions,' the Institute for the Study of War, a Washington-based think tank, said late Thursday. Further peace talks between Russia and Ukraine are expected in coming weeks, as is another exchange of prisoners of war. The attack involved 407 Russian drones and 44 ballistic and cruise missiles, Ukrainian air force spokesperson Yurii Ihnat said. Ukrainian forces said they shot down about 30 of the cruise missiles and up to 200 of the drones. The Kyiv emergency workers were killed while responding to the strikes. 'They were working under fire to help people,' the Interior Ministry said in a statement. Russia's Defense Ministry said it aimed at Ukrainian military targets with 'long-range precision weapons' and successfully struck arms depots, drone factories and repair facilities, among other targets. But fitting a pattern for Russian attacks throughout the war, Friday's bombardment also struck apartment buildings and other non-military targets, Associated Press reporters observed. In Kyiv, explosions were heard for hours as falling drone debris sparked fires across several districts, said Tymur Tkachenko, head of the Kyiv City Administration. He urged people to seek shelter. Vitalina Vasylchenko, a 14-year-old Kyiv resident, sheltered in a parking garage with her 6-year-old sister and their mother after an explosion blew one of their windows off its hinges. 'I heard a buzzing sound, then my dad ran to me and covered me with his hand,' she said. 'Then there was a very loud explosion. My whole life flashed before my eyes — I already thought that was it. I started having a panic attack. ... I'm shocked that I'm alive.' In Kyiv's Solomyanskyi district, a fire broke out on the 11th floor of a 16-story apartment building. Emergency services evacuated three people from the burning unit. The attack caused a blackout in some areas, and more than 2,000 households on Kyiv's eastern bank were without power, city officials said. Elsewhere, 10 people were injured by an aerial attack on the western city of Ternopil, regional governor Viacheslav Nehoda said. The strike damaged industrial and infrastructure facilities, left parts of the city without electricity, and disrupted water supplies. Russia also targeted the western Lviv and Khmelnytskyi regions, the northern Chernihiv region, and the central Poltava region, where at least three people were injured. In Russia, air defenses shot down 10 Ukrainian drones heading toward the capital early Friday, Moscow Mayor Sergei Sobyanin said. As a precaution, flights at Moscow airports were temporarily suspended overnight Thursday into Friday and then again late Friday afternoon. Ukrainian drones also targeted three other regions of Russia, authorities said, damaging apartment buildings and industrial plants. Three people were injured, officials said. Russia's Defense Ministry said that air defenses downed 174 Ukrainian drones over 13 regions early Friday. It added that three Ukrainian Neptune missiles were also shot down over the Black Sea. Ukraine struck airfields and other military targets in Russia, such as fuel storage tanks and transport hubs, the Ukrainian General Staff said. Also, a locomotive derailed early Friday in the Belgorod region after the track was blown up, Belgorod Gov. Vyacheslav Gladkov said. Russia has recently accused Ukraine of sabotaging the rail network.


Fox Sports
15 minutes ago
- Fox Sports
House v. NCAA settlement approved, paving way for colleges to pay athletes
A federal judge signed off on arguably the biggest change in the history of college sports on Friday, clearing the way for schools to begin paying their athletes millions of dollars as soon as next month as the multibillion-dollar industry shreds the last vestiges of the amateur model that defined it for more than a century. Nearly five years after Arizona State swimmer Grant House sued the NCAA and its five biggest conferences to lift restrictions on revenue sharing, U.S. Judge Claudia Wilken approved the final proposal that had been hung up on roster limits, just one of many changes ahead amid concerns that thousands of walk-on athletes will lose their chance to play college sports. The sweeping terms of the so-called House settlement include approval for each school to share up to $20.5 million with athletes over the next year and $2.7 billion that will be paid over the next decade to thousands of former players who were barred from that revenue for years. The agreement brings a seismic shift to hundreds of schools that were forced to reckon with the reality that their players are the ones producing the billions in TV and other revenue, mostly through football and basketball. The scope of the changes — some have already begun — is difficult to overstate. The professionalization of college athletics will be seen in the high-stakes and expensive recruitment of stars on their way to the NFL and NBA, and they will be felt by athletes whose schools have decided to pare their programs. The agreement will resonate in nearly every one of the NCAA's 1,100-member schools, boasting nearly 500,000 athletes. The road to a settlement Wilken's ruling comes 11 years after she dealt the first significant blow to the NCAA ideal of amateurism when she ruled in favor of former UCLA basketball player Ed O'Bannon and others who were seeking a way to earn money from the use of their name, image and likeness (NIL) — a term that is now as common in college sports as "March Madness" or "Roll Tide." It was just four years ago that the NCAA cleared the way for NIL money to start flowing, but the changes coming are even bigger. [Related: Top 25 college athletes with highest NIL valuations] Wilken granted preliminary approval to the settlement last October. That sent colleges scurrying to determine not only how they were going to afford the payments, but how to regulate an industry that also allows players to cut deals with third parties so long as they are deemed compliant by a newly formed enforcement group that will be run by auditors at Deloitte. The agreement takes a big chunk of oversight away from the NCAA and puts it in the hands of the four biggest conferences. The ACC, Big Ten, Big 12 and SEC hold most of the power and decision-making heft, especially when it comes to the College Football Playoff, which is the most significant financial driver in the industry and is not under the NCAA umbrella like the March Madness tournaments are. Winners and losers The list of winners and losers is long and, in some cases, hard to tease out. A rough guide of winners would include football and basketball stars at the biggest schools, which will devote much of their bankroll to signing and retaining them. For instance, Michigan quarterback Bryce Underwood's NIL deal is reportedly worth between $10.5 million and $12 million. Losers will be the walk-ons and partial scholarship athletes whose spots are gone. One of the adjustments made at Wilken's behest was to give those athletes a chance to return to the schools that cut them in anticipation of the deal going through. Also in limbo are Olympic sports many of those athletes play and that serve as the main pipeline for a U.S. team that has won the most medals at every Olympics since the downfall of the Soviet Union. All this is a price worth paying, according to the attorneys who crafted the settlement and argue they delivered exactly what they were asked for: an attempt to put more money in the pockets of the players whose sweat and toil keep people watching from the start of football season through March Madness and the College World Series in June. What the settlement does not solve is the threat of further litigation. Though this deal brings some uniformity to the rules, states still have separate laws regarding how NIL can be doled out, which could lead to legal challenges. NCAA President Charlie Baker has been consistent in pushing for federal legislation that would put college sports under one rulebook and, if he has his way, provide some form of antitrust protection to prevent the new model from being disrupted again. The Associated Press contributed to this report. [Want great stories delivered right to your inbox? Create or log in to your FOX Sports account, follow leagues, teams and players to receive a personalized newsletter daily .] recommended Get more from College Football Follow your favorites to get information about games, news and more in this topic

Epoch Times
24 minutes ago
- Epoch Times
Who Is the Ex-NASA Nominee Pushed to Spotlight by Musk-Trump Spat
Jared Isaacman, a billionaire entrepreneur and formerly the nominee for President Donald Trump's NASA Administrator, has received scrutiny over his past donations amid growing public tensions between Trump and Elon Musk. Trump highlighted Isaacman's past donations—which In announcing the decision last week, Trump cited a 'thorough review of prior associations' and said that he would nominate an individual who would put 'America First in Space.' Isaacman had been suggested for the top space position by Musk, who heads SpaceX, the world's most valuable private space company. Isaacman helmed several spaceflight missions operated SpaceX, including the 2021 Inspiration4 and the 2024 Polaris Dawn, where he participated in the first private spacewalk. Isaacman accumulated his wealth through Shift4 Payments, the payment processing company he founded in his parents' house at age 16. He is also the founder of Draken International, an aerospace defense contractor. Trump has highlighted the fact that Musk knew Isaacman 'very well,' but said that Isaacman was a 'Democrat,' and that his nomination was 'inappropriate.' 'He happened to be a Democrat—like, totally Democrat,' Trump said. 'I say, you know, look, we won. We get certain privileges, and one of the privileges is we don't have to appoint a Democrat,' Trump told reporters last week. The NASA logo in the Webb Auditorium at NASA headquarters in Washington, DC, on June 7, 2022. STEFANI REYNOLDS/AFP via Getty Images A senior administration official told The Epoch Times, that Isaacman's nomination wasn't pulled because of Musk and that other administration officials and nominees suggested by Musk aren't affected. 'Jared Isaacman should have never been picked,' said the senior administration official, speaking on the condition of anonymity. In a June 4 podcast 'I want to be overwhelmingly clear. I don't fault the President at all. I fully support him,' Isaacman said. Isaacman did not immediately respond to a request for comment by The Epoch Times. President Donald Trump delivers remarks at the U.S. Steel Corporation – Irvin Works in West Mifflin, Pa., on May 30, 2025. Madalina Vasiliu/The Epoch Times Speaking of his nomination interview, he praised Trump for a depth of knowledge about the space program and China. 'The President was incredibly knowledgeable. I was impressed,' he said, noting they spoke a lot about the Chinese Air Force. After leaving the Trump administration as a special employee last week, Musk has criticized the Republicans' One Big Beautiful Bill Act, which the president endorsed, over its potential fiscal impact on the federal government, calling the tax and spending package an 'abomination.' Trump has since threatened to pull federal subsidies and contracts for Musk's companies, saying it would be the 'easiest way to save money in our Budget, Billions and Billions of Dollars.' Musk is the CEO of spacecraft manufacturer SpaceX and electric vehicle maker Tesla.