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Trump Threatens Subsidy Cuts, Audit of Musk's Companies

  • President Donald Trump suggested that DOGE review Musk’s subsidies to cut federal spending, amid their ongoing feud over the 'Big Beautiful Bill'.
  • The dispute stems from Musk’s criticism of the 'Big Beautiful Bill' over deficit increases and cuts to electric vehicle subsidies, prompting Trump to suggest investigating Musk’s government support.
  • In a Truth Social post, Trump warned Musk could receive more subsidies than any individual ever, underscoring the vast federal support for his ventures.
  • Tesla shares fell 5% premarket as Musk called supporting Republicans 'enabling debt slavery' and threatened to launch a new political party.
  • Beyond current disputes, both Trump and Musk threaten primary challenges ahead of the 2026 midterm elections amid GOP splits over the bill's debt impact.
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The Hill broke the news in Washington, United States on Wednesday, December 25, 2024.
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