00:00It's Benzinga bringing Wall Street to Main Street.
00:02Elon Musk slammed President Trump's sweeping tax and spending cut bill as a disgusting
00:07abomination, according to CNBC. Billionaire warned it would balloon the federal deficit
00:11to $2.5 trillion. In a post on X, Musk, who recently ended a stint as special government
00:15advisor under Trump, criticized the bill's pork-filled contents and said lawmakers know
00:20you did wrong. The White House dismissed Musk's comments, maintaining the bill is fiscally sound
00:25despite a projected deficit increase of $3.8 trillion over the next decade for the CBO.
00:30Some Republicans echoed Musk's concerns about runaway spending and inflation. Musk previously
00:35said Trump's legislative package undermines Doge and has criticized Trump's tariffs and several
00:40top officials. Trump attacked Senator Rand Paul for opposing the bill's debt ceiling increase,
00:45claiming it would drive tremendous growth.
00:46For all things money, visit Benzinga.com slash GSTV.
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