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Yahoo
5 days ago
- Automotive
- Yahoo
Trump floats revoking Musk's federal contracts
President Donald Trump on Thursday threatened Elon Musk's federal contracts, a remarkable escalation in a public feud between the president and the world's richest man, his former ally. 'The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts,' Trump wrote on his social media platform Thursday afternoon. 'I was always surprised that Biden didn't do it!' The president's relationship with Musk has deteriorated rapidly since Musk left the White House last week. The acrimony went public when Musk publicly slammed Trump's sweeping domestic policy package on Tuesday. He's continued to lash out at the White House in the days since — with Musk baiting Trump by name earlier Thursday, and Trump responding by chastising the Tesla CEO from the Oval Office later in the day. Still, Trump's criticism from the White House — where the two men less than a week ago shared a laudatory sendoff for Musk — was not as pointed as the president's barbs on social media. 'Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate.,' Musk wrote on X Thursday, the social media site he owns. 'Such ingratitude.' Musk's companies have significant ties to the federal government, even before the Trump administration. SpaceX is one of NASA's largest contractors. And his car company Tesla benefitted from a clean energy subsidy that is on the chopping block in Republicans' reconciliation package. 'Elon was 'wearing thin,' I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!' Trump posted. 'Such an obvious lie. So sad,' Musk fired back. Trump has previously boosted Tesla because of his close relationship with Musk. In March, with the company's stock at a low after public anger over job cuts fueled by Musk's DOGE initiative, the president toured different Tesla models at a makeshift car show on the White House lawn. Trump later purchased his own Tesla, 'a show of confidence and support' for Musk. Trump has routinely wielded the power of the executive branch against institutions that he deems are misbehaving. He's frozen billions in federal grants to some of the country's top universities, Harvard chief among them, as punishment for alleged antisemitism and civil rights violations. And he's secured multimillion dollar deals with law firms weary of his threats to tank their business.
Time of India
5 days ago
- Automotive
- Time of India
Elon Musk jabs again, this time, Donald Trump refuses to duck
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel WASHINGTON: The breakup between the President of the United States and the world's richest man is unfurling much like their relationship started - rapidly, intensely and very Donald Trump sat in the Oval Office on Thursday with Germany's leader at his side, he lamented his soured relationship with Elon Musk , his adviser-turned-social media antagonist. Trump said he was "very disappointed" with Musk after the billionaire former backer lambasted the president's signature bill of tax cuts and spending plans. Trump suggested Musk misses being in the White House and has "Trump derangement syndrome.""He hasn't said bad about me personally, but I'm sure that will be next," Trump said. "But I'm very disappointed in Elon. I've helped Elon a lot, adding, "Look, Elon and I had a great relationship. I don't know if we will anymore. He said that he had helped Musk a lot and brushed aside the billionaire's efforts to get him elected last year,The Republican president's comments came as Musk has continued a storm of social media posts attacking Trump's "Big Beautiful Bill" and warning it will increase the federal deficit. Musk has called Trump's big tax break bill a "disgusting abomination."As Trump spoke to reporters at the White House on Thursday, Musk was watching. "False," he fired back on his social media platform as the president continued speaking. "This bill was never shown to me even once!"Musk kept responding in real-time, posting rebuttals. "Such ingratitude," Musk posted, citing his 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."Trump said Musk, the CEO and founder of Tesla , "only developed a problem" with the bill because it rolls back tax credits for electric went on and said Trump could keep the cuts but should "ditch the mountain of disgusting pork in the bill."
E&E News
15-05-2025
- Politics
- E&E News
Army Corps pick promises to follow Trump order on Alaska
President Donald Trump's nominee to head the Army Corps of Engineers committed to uphold a presidential executive order that the agency 'rescind, revoke, revise, amend, defer, or grant exemptions' to any Biden administration policy that runs counter to the president's priorities in Alaska. In a confirmation hearing exchange with Sen. Dan Sullivan (R), Adam Telle told the Alaska senator he 'tattooed the executive order that the president issued to Alaska on my heart.' Telle's statement came during an otherwise staid hearing Wednesday before the Senate Environment and Public Works Committee where he answered questions from Republicans and Democrats about the agency's primary obligations: maintaining navigation on U.S. waterways, girding nation's coastlines and rivers from extreme flooding, and protecting and preserving natural resources. Advertisement Sullivan said Telle must be a 'glutton for punishment' to accept the role leading a multibillion-dollar program that is often mired in controversy. But no members signaled they would vigorously oppose Telle's confirmation vote in the full Senate.
