00:00Here are today's top news headlines, followed by detailed news.
00:04Trump escalates feud with Musk, threatens to cut aid to Tesla and SpaceX.
00:10Can Elon Musk really form a new political party?
00:13Victory in third round of voting.
00:15Zorin now official mayoral candidate for New York City.
00:19Trump's controversial spending bill passes U.S. Senate by just one vote.
00:23Now for the detailed news.
00:26Dear viewers, if you like the news, please share your comment.
00:29And subscribe to the channel and press the bell icon.
00:32Trump escalates feud with Musk, threatens to cut aid to Tesla and SpaceX.
00:38U.S. President Donald Trump has threatened to cut billions of dollars in government subsidies
00:42to Elon Musk's companies.
00:43Point one, the president issued the threat yesterday, Tuesday, escalating a long-standing
00:48tension with the world's richest man.
00:50Once close allies, they are now in opposing positions.
00:54This new conflict between Trump and Musk began on Monday.
00:57Although Musk spent heavily on Trump's second-term presidential campaign, he later criticized
01:02Trump's bill on tax cuts and increased government spending.
01:06Point two.
01:07The bill passed the upper house of Congress, the Senate, by just one vote, 51 to 50.
01:12Yesterday, point three, this bill could eliminate subsidies for electric vehicle,
01:16EV purchases.
01:17Point four, these subsidies primarily benefited Musk's companies like Tesla.
01:21Trump's controversial spending bill passes U.S. Senate by just one vote.
01:26The U.S. Senate, the upper house of Congress, has passed U.S. President Donald Trump's proposed
01:31large-scale tax cut.
01:33And spending bill point five Republican senators in the Senate managed to pass the bill by a
01:37very narrow margin yesterday, Tuesday point six.
01:41This bill proposes tax cuts, reductions in social security programs, increased military capabilities,
01:48and higher spending on immigration control point seven, however.
01:51This bill will also increase the U.S. national debt by another $3.3 trillion.
01:57The bill has now been sent to the House of Representatives for final approval.
02:02However, several Republican members there have already opposed some of the conditions included
02:07in the bill by the Senate.
02:09Can Elon Musk really form a new political party?
02:12Musk has criticized this bill multiple times in the past month and has hinted at forming a
02:17new party since early June 0.8 on Monday, Musk wrote in a post on his social media platform
02:24X, if this insane bill passes, the America Party will be formed the very next day.
02:30The billionaire also stated,
02:32Our country has only one party, a mix of Democrats and Republicans.
02:37We now need an alternative for people's real voices to be heard.
02:41According to experts, Elon Musk has the financial capability to fund a third political party in
02:47the United States if he chooses 0.9 as of Monday.
02:51Musk's total wealth was $363 billion.
02:55According to the Bloomberg Billionaires Index 0.10, however, it is still unclear whether he will
03:01actually pursue this initiative or whether his party will have a significant impact on elections.
03:07Natasha Lindstate, a political analyst at the University of Essex in the UK, said,
03:12Musk definitely has the financial capacity to run a third political party, which could be
03:17a big blow to Republicans.
03:20But whether he will actually take this risk is still uncertain.
03:23Dear viewers, if you like the news, please share your comment and subscribe to the channel.
03:30Victory in third round of voting, Zoran now official mayoral candidate for New York City.
03:35The New York City Board of Elections officially confirmed Zoran Mamdani's victory as a mayoral
03:40candidate in the Democratic primary yesterday.
03:43Tuesday, point 11, this finalizes his nomination as the party's candidate for the upcoming mayoral
03:49election in November.
03:51The results of the ranked choice voting, where voters rank up to five candidates in order
03:56of preference, released yesterday showed that Zoran secured victory in the third round with
04:0156% of the votes.12 this is despite him starting his campaign as a relatively unknown member of
04:08the New York State Assembly.
04:10To win in the third round, a candidate needs at least 50% of the votes.
04:15Ranked choice voting began in New York in 2021.13.
04:19As the Democratic candidate, Zoran will face incumbent Mayor Eric Adams in the New York
04:25mayoral election, point 14.
04:27Adams first won as the Democratic Party's candidate in the mayoral election in 2021.15, however.
04:34This time, he will run as an independent candidate.
04:38Although he was indicted on corruption charges, the Department of Justice later dismissed the case.
04:44It was after this that he decided to leave the party and run as an independent.
04:48Mamdani said,
04:50We always thought our victory would come after multiple rounds of ranked choice voting.
04:55When we got so many votes in the first round, which Eric Adams didn't even get in seven rounds
05:00in the last election, it was truly astonishing.
05:03The 33-year-old Mamdani, of Indian descent, is a Muslim born in Uganda, point 16 he identifies
05:10as a Democratic Socialist.
05:12He defeated centrist veteran politician Andrew Cuomo in the primary.
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