logo
Donald Trump's 'big, beautiful bill'? Not to Elon Musk, DOGE: 'I don't know if it can be both'

Donald Trump's 'big, beautiful bill'? Not to Elon Musk, DOGE: 'I don't know if it can be both'

President Donald Trump's "The One Big Beautiful Bill Act" has passed the U.S. House of Representatives and awaits a vote by the U.S. Senate, but how does DOGE head Elon Musk feel about the bill?
We may be witnessing a crack in the bond between Musk and Trump.
Watch what Musk told CBS Sunday Morning, Kentucky Senator Rand Paul's view with Fox News Sunday and more:
DOGE stands for Department of Government Efficiency. The department was created for "modernizing Federal technology and software to maximize governmental efficiency and productivity."
Yes. DOGE posted a couple of tweets of recent activity to an X account on May 25, 2025.
According to the DOGE website, the government has saved approximately $1.75 billion through DOGE cuts for an average of $1,086.96 per taxpayer. However, multiple reports from The Atlantic, Newsweek and others have disputed these claims, noting the math doesn't add up as some contracts listed among the savings had already been canceled.
According to the House Budget Committee, the bill "encompasses President Trump's full legislative agenda to restore economic prosperity in the United States.
Lawmakers say "The One Big Beautiful Bill Act" is intended to provide tax relief for working families and small businesses; reverse the Biden-Harris administration's whole-of-government assault on domestic energy; rein in reckless spending that lit the fuse on inflation; and give the Trump Administration the critical resources they need to secure our border and strengthen our national security.
Read all 47 pages breaking down each section of the "The One Big Beautiful Bill Act," provided by the U.S. House Committee on Ways & Means.
The One Big Beautiful Bill Act passed the U.S. House of Representatives by a vote margin of 215-214 on May 22, 2025. The bill still needs to be approved by the U.S. Senate.
Republicans have set a July 4 deadline for both chambers to pass the bill. Several Republicans in the U.S. Senate have expressed the need for changes to the bill.
Among them was Kentucky Senator Rand Paul, who called spending cuts "wimpy and anemic" but noted he would support the bill "even with wimpy and anemic cuts if they weren't going to explode the debt" in an appearance on Fox News Sunday.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump's FCC chair plays coy on Fox News when asked if president involved in Colbert's cancellation
Trump's FCC chair plays coy on Fox News when asked if president involved in Colbert's cancellation

Yahoo

time7 minutes ago

  • Yahoo

Trump's FCC chair plays coy on Fox News when asked if president involved in Colbert's cancellation

Days after both he and Donald Trump gloated that CBS had canceled Stephen Colbert's late-night show, FCC Chairman Brendan Carr wouldn't give a direct answer when asked on Fox News whether the president played a part in The Late Show's demise. Carr's ambiguity regarding whether Trump was directly involved in the decision to end a long-running program hosted by an outspoken critic of the president comes amid CBS parent company Paramount's pending merger with Skydance Media, which the FCC chief is responsible for approving. Trump's hand-picked top media regulator also took the opportunity on Thursday to say that it's 'entirely possible' that ABC's The View could be in the administration's 'crosshairs' after the White House called View host Joy Behar an 'irrelevant loser' while suggesting 'her show is next to be pulled off air.' Interviewing Carr on Thursday morning's broadcast of America's Newsroom, Fox News anchor Bill Hemmer stated that CBS was still reeling from the fallout from the sudden announcement that Colbert's show will come to an end next year. Hemmer also noted that CBS morning anchor Tony Dokoupil recently broke from his network colleagues – who believe the decision was politically motivated – and defended his corporate bosses. At the same time, Hemmer kicked off the interview with Carr by saying he wanted to get something 'out of the way,' and that was whether Trump had 'anything to do with the cancellation of Stephen Colbert's show.' The Trump official, however, played coy with his response. 'What is important to keep in mind is when President Trump ran for election, he ran right at these legacy broadcast media outfits and the New York and Hollywood elites that are behind it, and he smashed the facade that they are gatekeepers that control what Americans can think and what Americans can say,' Carr responded. 'Once you do that, you have exposed a business model of a lot of these outfits as being nothing more than a partisan circus. So I think there are a lot of consequences that are flowing from President Trump deciding, I won't play by the rules of politicians in the past and let these legacy outfits dictate the narrative and terms of the debate,' he continued. 'He is succeeding.' Carr then went on to suggest that even if Trump hadn't played a direct role in the cancellation of Colbert's show, the president's ongoing war with the legacy media was the key factor in the decision. 'Look at what is happening. NPR has been defunded, PBS has been defunded, Colbert is getting canceled,' the chairman boasted. 'You've got anchors and news media personalities losing jobs downstream of President Trump's decision to stand up. He stood up for the American people. The American people don't trust the legacy gatekeepers anymore.' Hemmer, meanwhile, pointed out that he had asked Carr 'a very direct question,' but 'did not hear a yes or a no in your answer.' Instead, as the Fox anchor noted, he 'heard a maybe.' Carr's non-committal response comes two days after Skydance's general counsel sent him a pair of letters confirming that New Paramount will eliminate all diversity, equity and inclusivity (DEI) policies and hire an ombudsman to review 'complaints of bias' at CBS News once the merger is complete. Additionally, Carr also met with Skydance CEO David Ellison days before it was announced that Colbert was leaving and The Late Show franchise would come to an end. At the meeting, according to regulatory filings, Ellison asked Carr to 'promptly grant' Paramount's request to transfer over its broadcast licenses while promising CBS would be 'unbiased' under the new corporate leadership. The Ellison meeting also took place shortly after Paramount agreed to pay Trump $16 million to settle his 'meritless' lawsuit over a 60 Minutes interview with Kamala Harris, leading Democratic lawmakers and free press groups to threaten lawsuits and criminal investigations into whether Paramount violated anti-bribery laws with the settlement. Colbert himself has called the payoff a 'big fat bribe' in order to help push the merger through, and he has since cast doubt that his show's cancellation was based on a 'purely financial decision,' as Paramount insisted in its announcement. CBS staffers agree with this sentiment. 'Many of us think this was part and parcel of the Trump shakedown settlement,' one network staffer told The Independent. Besides celebrating the Late Show's cancellation, Trump has also repeatedly claimed that he reached a side deal with Skydance as part of the settlement, asserting that Ellison has promised him as much as $20 million in pro-Trump advertisements and PSAs on CBS programming once the merger is complete. Paramount has denied knowledge of any secret behind-the-scenes arrangement with the incoming owner. Elsewhere in the Fox News interview, Hemmer read the White House's recent threatening message to The View, wondering if this meant that the ABC daytime talk show – which is well-known for its anti-Trump stance – is 'now in the crosshairs of this administration.' Carr, who is seen as a MAGA 'attack dog' and loyal foot soldier in Trump's onslaught against the mainstream media, suggested he could soon be taking aim at the show. 'Look, it's entirely possible that there's issues over there,' he replied. 'Stepping back, this broader dynamic [that] once President Trump has exposed these media gatekeepers and smashed this facade, there are a lot of consequences. I think the consequences of that aren't quite finished.' Asked where this could end, Carr said that 'we need a course correction' and it's 'time for America's' legacy broadcasters to return to promoting the public interest.' He then applauded Skydance for committing to eradicating diversity hiring initiatives and hiring an ombudsman before, adding that 'that's where we have to go.'Notably, Carr's remarks about The View come months after he opened an investigation into ABC and its parent company Disney – which paid Trump $16 million last year to settle a defamation suit – over its DEI policies, claiming that the corporation may have violated the FCC's equal employment opportunity regulations. And earlier this year, it was reported that Disney chief Bob Iger explicitly asked The View's hosts to tone down its anti-Trump rhetoric and pull back on political segments.

Get Ready To Thank Tariffs For Making Cheap Cars More Expensive
Get Ready To Thank Tariffs For Making Cheap Cars More Expensive

Yahoo

time7 minutes ago

  • Yahoo

Get Ready To Thank Tariffs For Making Cheap Cars More Expensive

Brace yourself for an alarming statistic. A whopping 92 percent of new vehicles sold in the U.S. priced under $30,000 are imports. The eight percent that aren't do not exactly constitute a rounding error, but you would not be unfairly criticized if you argued that basically all America's cheap cars come from someplace else. The stat comes from and the site's Industry Insights Report for the first half of 2025, which concludes that the Trump administration's tariffs are "disproportionately affecting" the cheap car market. For the record, the only American-made cars that cost less than 30 grand are not domestic models: we're talking about the stalwart Honda Civic and Toyota Corolla. OK, technically speaking these are "American" cars because they're made in U.S. factories, but the ugly truth is that cheap vehicles from Ford and GM are imports from Mexico, China, and South Korea. According to the study, the supply of these inexpensive rides is going to dry up, triggering price increases as tariffs kick in through the second half of the year. You might ask yourself why the U.S. market relies so heavily on imports to stock the under-$30,000 segment. The answer is high labor costs in America, but that isn't the whole story. Cheap cars aren't very profitable, if they're profitable at all. GM, Ford, and Stellantis (owner of the Jeep, Chrysler, Dodge, and RAM brands) would rather sell you a more expensive pickup truck or large SUV than a compact sedan and are happy to make those vehicles in U.S. plants. Read more: These Are Your Favorite Factory Exhaust Designs Why Are All The Cheap Cars Imported? For decades, the manufacturing of small, cheap vehicles has effectively been outsourced to other countries. This has enabled American companies to remain in the segment. Tariffs are upsetting this arrangement. For auto executives, the way forward is mostly bad. Years ago, I covered a briefing at the Detroit Auto Show by then-FCA CEO Sergio Marchionne, and he was completely unflinching in his assessment of the affordable small-car market in the U.S. It was for the foreign carmakers to dominate, as in his view they had figured out how to make an acceptable margin. When interest rates were low, this arrangement actually wasn't a major issue – buyers simply financed their way into more expensive vehicles, and for years the average transaction price on new cars and trucks has been trending up (although lately its been in moderate retreat). But interest rates aren't low anymore. And with tariffs, cheap cars are about to get more expensive. There was a run on new-car sales in early 2025 when tariffs were announced, as consumers sought to snap up vehicles before the import taxes hit and the automakers rolled out incentives to move the metal off dealer lots. That phase now appears to be ending, and the U.S. market is preparing to accept a new normal. The question is whether more domestic manufacturing will come online or whether carmakers will reduce production as prices invariably rise and demand flags. Could The U.S. Market Remake Itself? I don't see a scenario in which cheap vehicles suddenly aren't imported in droves. So if tariffs aren't dialed back, the entry-level tier is set up for a world of hurt. It's depressing to consider this outcome after decades of Americans enjoying the world's most competitive market and having access to all manner of choice when it comes time to purchase a new set of wheels. Supporters of Trump's tariffs will insist that the policy will force automakers to increase U.S. production, build factories here, and ultimately hire more U.S. workers. But students of Trump's actual motives understand that what he and his trade advisors might actually want is to compel exporters to eat the tariffs, effectively paying a substantial toll for access to the U.S. market. That idea relies on prices somehow not going up, and of course Trump has jawboned the car companies to shield consumers from the well-understood economics of tariffs. They might play along. But that would mean they'll lose even more money on inexpensive cars than they are already. The logical response would be to reduce supply. In the near term, we're likely to see fewer sub-$30,000 cars available as tariffs make life far more unpleasant for the segment. Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.

Elon Musk Says He's Bringing Back Vine. Here's What It's All About.
Elon Musk Says He's Bringing Back Vine. Here's What It's All About.

Yahoo

time7 minutes ago

  • Yahoo

Elon Musk Says He's Bringing Back Vine. Here's What It's All About.

Elon Musk has a talent for attracting social-media attention. Can he do the same for a now-defunct, once-popular social video app? We may find out. On Thursday morning, the Tesla (TSLA) CEO and tech stalwart posted on X that "We're bringing back Vine, but in AI form." That eight-word post—he has yet to elaborate—kicked off a whirlwind of speculation. The post generated thousands of interactions on X and likely contributed to gyrations in the price of memecoin Vine (VINEUSD). It wasn't immediately clear what might happen next with Vine, the six-second video app that was discontinued in January 2017, or what "AI form" might mean. X did not respond to Investopedia's requests for further details about Vine, which then-Jack Dorsey-owned Twitter acquired in October 2012 for a reported $30 million only months after its founding. The looped short-video app showed promise, but Twitter in 2016 said it would be discontinued amid a broader restructuring. While no official explanation was provided, the shutdown was attributed to the rise of rival social media platforms Instagram and Snapchat, which at the time was amassing users while Twitter was stalling. "We didn't build the right features in time" and "didn't help creators monetize," Vine co-founder Rus Yusupov said in 2022." Musk has floated a Vine revival before. Days after he finalized his Twitter takeover in 2022, he launched a "Bring back Vine?" poll that garnered overwhelming affirmation. Axios reported that Musk's team was "working to reboot Vine" by the end of that year. And Musk earlier this year said he was "looking into" bringing back Vine as a TikTok ban was slated to take effect. Vine, which had over 200 million active users at its peak, would if revived compete with other now-established looped-video offerings—among them TikTok and Meta Platforms' (META) Reels—to say nothing of the rest of the industry leaders. That said, Musk does have a knack for throwing people for a loop. Read the original article on Investopedia Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store