{"id":53765,"date":"2025-06-06T06:31:03","date_gmt":"2025-06-06T06:31:03","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/spending-bill-fight-between-former-best-buds-musk-and-trump-escalates-hits-markets\/"},"modified":"2025-06-06T06:31:03","modified_gmt":"2025-06-06T06:31:03","slug":"spending-bill-fight-between-former-best-buds-musk-and-trump-escalates-hits-markets","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/spending-bill-fight-between-former-best-buds-musk-and-trump-escalates-hits-markets\/","title":{"rendered":"Spending Bill Fight Between Former Best Buds Musk and Trump Escalates, Hits Markets"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Tensions between Donald Trump and Elon Musk have spilled into public view, shaking up political circles and financial markets. What started as a dispute over a spending bill has escalated into a personal feud\u2014complete with accusations, threats, and economic consequences.<\/p>\n<p>Musk, fresh off his departure from the Department of Government Efficiency (DOGE), has launched a full-scale attack on Trump\u2019s trillion-dollar economic package. Using X, the platform he owns, Musk called on Americans to pressure lawmakers to stop what he described as reckless spending.<\/p>\n<hr\/>\n<p><strong><em>Good to know<\/em><\/strong><\/p>\n<ul>\n<li><strong><em><a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> dropped from $105,700 to $100,900 as tensions intensified, currently trading at $102,950.<\/em><\/strong><\/li>\n<li><strong><em>Tesla shares fell 14% amid the political fallout.<\/em><\/strong><\/li>\n<li><strong><em>Over $621 million in crypto liquidations hit the market within four hours.<\/em><\/strong><\/li>\n<\/ul>\n<hr\/>\n<p>In a string of posts, Musk did not hold back. <em>\u201cCall your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL,\u201d<\/em> he wrote, urging followers to reject the legislation. He later added, <em>\u201cThis massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.\u201d<\/em><\/p>\n<p>Musk argued the bill would add between $2.4 trillion and $5 trillion to the federal deficit. He claimed the spending levels are unsustainable and warned they would bring America closer to financial disaster. <em>\u201cA new spending bill should be drafted that doesn\u2019t massively grow the deficit and increase the debt ceiling by 5 TRILLION DOLLARS,\u201d<\/em> he said.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The Congressional Budget Office echoed similar projections, stating that the national debt, currently sitting at $36.2 trillion, would balloon further if the bill moves forward.<\/p>\n<p>Meanwhile, Trump pushed back in a statement during a meeting with German Chancellor Friedrich Merz, saying he was<em> \u201cvery disappointed\u201d<\/em> in Musk\u2019s comments. <em>\u201cElon knew the inner workings of this bill. I\u2019ve helped Elon a lot,\u201d<\/em> Trump said, suggesting Musk\u2019s frustration stems from the removal of billions in electric vehicle subsidies.<\/p>\n<p>Musk fired back by claiming Trump owes his political survival to him. <em>\u201cWithout me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate,\u201d<\/em> Musk stated.<\/p>\n<p>The rift widened even further after Musk made a bombshell claim\u2014alleging the President is named in the Jeffrey Epstein files. Trump, on the other hand, responded by reportedly threatening to cut government contracts and subsidies linked to Musk\u2019s companies.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Markets did not take the fight lightly. Tesla shares plunged 14%, and Bitcoin saw a sharp correction. According to Coinglass, over $621 million in crypto positions were liquidated in just four hours, as uncertainty rattled investors.<\/p>\n<p>Behind the chaos is a battle over power, money, and control\u2014one that could reshape how the public views both men, while sending shockwaves through Washington and Wall Street<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/musk-goes-after-trump-as-bitcoin-and-tesla-sink\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Tensions between Donald Trump and Elon Musk have spilled into public view, shaking up political circles and financial markets. What started as a dispute over a spending bill has escalated into a personal feud\u2014complete with accusations, threats, and economic consequences. Musk, fresh off his departure from [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":50483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53765"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=53765"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/50483"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=53765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=53765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=53765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}