Latest news with #BILL
Yahoo
a day ago
- Business
- Yahoo
CNN Data Chief Explains Why Elon Musk Is 'So Upset' At Trump On Megabill
CNN's chief data analyst Harry Enten on Wednesday argued that ex-White House adviser Elon Musk isn't a fan of President Donald Trump's 'big, beautiful bill' because it has far-from-notable impact on reducing the federal deficit. 'No wonder Elon Musk is so upset,' Enten told CNN's John Berman. The billionaire took to his social media platform Wednesday where he ramped up criticism of the GOP-backed legislation and pushed for Americans to 'KILL the BILL,' one that cuts taxes for mostly higher earners and slashes Medicaid funding. In one post, Musk claimed that a new spending bill 'should be drafted that doesn't massively grow the deficit and increase the debt ceiling' by trillions of dollars. Enten noted that Trump looks to send Congress a rescissions package of cuts made by Musk's old stomping grounds at the so-called Department of Government Efficiency — cuts that would drop the national debt down by about $9 billion. The House-passed spending bill, on the other hand, would bring the federal deficit and debt 'through the roof' by an estimated $2 trillion over 10 years. 'You don't have to be a mathematical genius to know that $9 [billion] doesn't come anywhere close to... $2 trillion,' he added. 'So all of DOGE's work that they would send — at least a part of it — to Congress gets completely wiped out, wiped off the map by the big, beautiful bill.' Berman went on to refer to Musk being 'mostly critical' of Congress in his takes on the bill before asking who would 'win' in a battle between the billionaire and Congress. Enten turned to a mix of net favorability (percent approval minus percent disapproval) ratings showing how Musk — who sits at +63 — is a 'very popular dude' among Republicans compared to House Speaker Mike Johnson (R-La.) and Senate Majority Leader John Thune (R-S.D.), who sit at +46 and +30, respectively. But the billionaire, he said, is 'nowhere close' to Trump's net favorability rating among the GOP — a figure that sits at +79, per a mix of polls. If the president — who has remained silent on Musk for most of Wednesday — 'decides to turn his fire' on the criticism, Enten said, it's a fight that the former White House adviser simply can't win. Enten, when asked if Republicans 'really care' about cutting taxes even if the deficit increases, pointed to polls showing a dramatic shift on the issue. In 1992, just 22% of Republicans dismissed the deficit rising amid tax cuts. Today, that figure sits at 74%. Trump Administration Begins Process Of Revoking Columbia's Accreditation Democrat Slams Administration For 'Enriching Themselves,' Outlines Path To Beat Trump (CORRECTION) Neil Young Makes Peace Offer To Trump... But Includes 1 Major 'If'
NDTV
a day ago
- Business
- NDTV
"Kill The Bill": Elon Musk's Latest Attack On Trump's Spending Bill
Washington: Tesla chief executive Elon Musk has unleashed yet another assault on US President Donald Trump's flagship spending legislation, urging Americans to lobby Congress to "KILL the BILL" - mere days after departing his position within the Trump administration. The Tesla and SpaceX founder served 130 days as a "special government employee" at the helm of the Department of Government Efficiency (DOGE), with a mandate to eliminate what he characterised as bloated government programmes. However, his exit last week has triggered an avalanche of condemnation directed at the very administration he previously championed. Musk intensified his offensive earlier today, cautioning that "America is in the fast lane to debt slavery" while insisting on a comprehensive overhaul of the legislation. "A new spending bill should be drafted that doesn't massively grow the deficit and increase the debt ceiling by 5 TRILLION DOLLARS," he demanded. A new spending bill should be drafted that doesn't massively grow the deficit and increase the debt ceiling by 5 TRILLION DOLLARS — Elon Musk (@elonmusk) June 4, 2025 He even urged people to call their senators, Congressmen regarding the bill. In a post on X, Musk stated, "Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL." Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL — Elon Musk (@elonmusk) June 4, 2025 In another post shared on X, Musk stated, "This spending bill contains the largest increase in the debt ceiling in US history! It is the Debt Slavery Bill." This spending bill contains the largest increase in the debt ceiling in US history! It is the Debt Slavery Bill. — Elon Musk (@elonmusk) June 4, 2025 Musk's dramatic intervention arrives at a pivotal moment for Trump's self-described "big, beautiful bill", which encompasses sweeping tax reductions and expanded military expenditure. The House of Representatives approved the measure by the narrowest of margins last month, with only three Republican members dissenting against solid Democratic resistance. The tech entrepreneur's vow to "fire all the politicians who betrayed the American people" in upcoming midterm contests has reverberated throughout Republican circles. Given his investment of hundreds of millions in their electoral campaigns, Musk's hostility could spell disaster for sitting members confronting primary battles and imperil Republican aspirations to maintain Congressional dominance. The White House has responded to Musk's insurrection with marked restraint. Press Secretary Karoline Leavitt indicated that Trump is "already aware" of Musk's stance, declaring: "This is one big, beautiful bill, and he's sticking to it." Trump has established a Fourth of July target for the legislation's completion, which incorporates a USD 4 trillion expansion of US borrowing capacity. US Treasury Department advisors caution that failure to implement this increase by August could precipitate America's first-ever sovereign debt default.
NDTV
a day ago
- Business
- NDTV
White House Defends Trump Mega-Bill After Elon Musk Attack
Washington: The White House on Wednesday blasted a prediction that Donald Trump's policy mega-bill could send the deficit soaring, as Elon Musk doubled down on his criticism of the US president's plans. The non-partisan Congressional Budget Office said Trump's "one big, beautiful bill" -- the centerpiece of his domestic agenda -- would add a giant $2.4 trillion to the US deficit by 2034. Trump's combative Deputy Chief of Staff Stephen Miller slammed the independent watchdog on social media as "lefty" -- echoing the administration's frequent line of attack against its opponents. "We are in a very good place with the bill," said Russ Vought, head of the White House's Office of Management and Budget, which did the sums for Trump's bill. He told reporters on a call that the congressional office's prediction "does not reflect reality." But the package, which could define Trump's second term and make or break Republican prospects in the 2026 midterms, is getting a rough ride in the US Congress. The plan would fund an extension of Trump's 2017 tax relief from his first term in the White House by piling on debt and cutting social welfare for the poorest Americans. Tech billionaire Elon Musk, who departed as head of Trump's cost-cutting Department of Government Efficiency last week amid growing tensions, issued fresh criticism on Wednesday. "KILL the BILL," the South African-born tycoon posted on his X social network, following it up with a meme showing the blood-soaked Quentin Tarantino movie "Kill Bill" and its star Uma Thurman. Musk had called the bill a "disgusting abomination" on Tuesday. The bill passed the House of Representatives last week but now faces a difficult path through the US Senate. A group of US senators visited the White House on Wednesday as the negotiations entered a crucial stage, with Trump urging the Senate to vote on it by July 4. "Failure is not an option," Republican Senate Majority Leader John Thune told reporters outside the West Wing. Asked about Musk's claims that it would balloon the deficit, he replied: "We believe the opposite."
Business Wire
4 days ago
- Business
- Business Wire
BILL Deepens Executive Bench with Addition of Rohini Jain as Chief Financial Officer and Expanded Role for President John Rettig
SAN JOSE, Calif.--(BUSINESS WIRE)--BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), today announced Rohini Jain will join BILL as Chief Financial Officer. Jain will lead finance strategy across BILL, reporting to CEO and Founder, René Lacerte. With Jain joining the executive team on July 7th, John Rettig will take on an expanded role as both President and Chief Operating Officer, to further accelerate growth and category leadership. 'BILL delivers best-in-class technology because we have a best-in-class business. We are executing an ambitious mission powered by the innovation of our platform, the scale of our network, and our vision to leverage AI to deliver intelligent financial capabilities for millions of businesses,' said BILL CEO and Founder René Lacerte. 'As an exceptional global finance leader with a strong track record of scaling growth companies, combined with a passion for serving SMBs, Rohini is well positioned to drive the next phase of BILL's growth.' 'With Rohini's appointment as CFO, John will take on an expanded role as both President and Chief Operating Officer,' Lacerte said. 'John's focus will be to accelerate BILL's growth and unlock new opportunities as we unleash our full potential to serve millions of SMBs and accountants in the years to come.' 'BILL is leveraging innovation to level the playing field for businesses that are the fabric of our communities – from newly created businesses, to hyper-scaling startups, and established companies with complex operations. I am excited to help guide and scale BILL into the future, so we can help even more SMBs and firms to succeed,' said Rohini Jain, incoming CFO at BILL. 'I've seen firsthand how the role of CFO and finance teams is changing fast. AI is transforming the way finance professionals work, and creating new opportunities for business and finance leaders to leverage finance, analytics and strategy to win. I'm joining BILL because this is the team who is leading that technology transformation.' A Global Finance Executive with Expertise in Accelerating Business Growth Rohini has more than 20 years of experience shaping and leading finance, product, and operations teams at global fintech, payments, and e-commerce companies, including PayPal, eBay, Walmart, and General Electric. Rohini joins BILL from PayPal, where she most recently served as CFO and SVP of PayPal's Large Enterprise and Merchant platforms. Rohini has a Masters of Finance from the London School of Economics, and a Chartered Accountant certification from the Institute of Chartered Accountants of India. About BILL BILL (NYSE: BILL) is a leading financial operations platform for small and midsize businesses (SMBs). As a champion of SMBs, we are automating the future of finance so businesses can thrive. Our integrated platform helps businesses to more efficiently control their payables, receivables and spend and expense management. Hundreds of thousands of businesses rely on BILL's proprietary member network of millions to pay or get paid faster. Headquartered in San Jose, California, BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and accounting software providers. For more information, visit
Yahoo
26-05-2025
- Business
- Yahoo
Bill.com (BILL): Buy, Sell, or Hold Post Q1 Earnings?
has gotten torched over the last six months - since November 2024, its stock price has dropped 52.2% to $44.40 per share. This might have investors contemplating their next move. Following the drawdown, is this a buying opportunity for BILL? Find out in our full research report, it's free. Started by René Lacerte in 2006 after selling his previous payroll and accounting software company PayCycle to Intuit, (NYSE:BILL) is a software as a service platform that aims to make payments and billing processes easier for small and medium-sized businesses. Billings is a non-GAAP metric that is often called 'cash revenue' because it shows how much money the company has collected from customers in a certain period. This is different from revenue, which must be recognized in pieces over the length of a contract. billings punched in at $358.2 million in Q1, and over the last four quarters, its year-on-year growth averaged 15.3%. This performance was solid, indicating robust customer demand. The cash collected from customers also enhances liquidity and provides a solid foundation for future investments and growth. The customer acquisition cost (CAC) payback period measures the months a company needs to recoup the money spent on acquiring a new customer. This metric helps assess how quickly a business can break even on its sales and marketing investments. is extremely efficient at acquiring new customers, and its CAC payback period checked in at 12.6 months this quarter. The company's rapid sales cycles stem from its strong brand reputation and self-serve model, where it can onboard many small customers with little to no oversight. These dynamics give more resources to pursue new product initiatives so it can potentially move up market and serve enterprise clients, which can provide a second leg of growth. If you've followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can't use accounting profits to pay the bills. Over the next year, analysts predict cash conversion will fall. Their consensus estimates imply its free cash flow margin of 22.3% for the last 12 months will decrease to 16.3%. merits more than compensate for its flaws. After the recent drawdown, the stock trades at 2.9× forward price-to-sales (or $44.40 per share). Is now the right time to buy? See for yourself in our full research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
