Welcome to the online version of Political officeAn evening newsletter that brings you the latest report and analysis of the NBC News Policy team from the White House, Capitol Hill and the campaign campaign.
In today’s edition, we decompose how the quarrel of President Donald Trump and Elon Musk burst into the public. In addition, Jonathan Allen goes through the rotation to provide a verification of reality on what the “big and beautiful ticket” would do.
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– Adam Wollner
The Trump-Musk alliance implodes
By Rebecca Shabad and Alana Satlin
The simmering tension between President Donald Trump and Elon Musk made a full -fledged public fight on Thursday.
Act I: After a series of publications on Musk’s social networks in recent days, ransacking “Big and Beautiful Bill” from Trump, the president offered his first response at an oval office meeting with the German Chancellor Friedrich Merz.
“I am very disappointed because Elon knew the interior functioning of this bill,” said Trump about his former adviser. “I am very disappointed by Elon. I helped Elon a lot.
Trump suggested that Musk, the richest man in the world, was upset that legislation has removed a tax credit intended to encourage purchases of electric vehicles.
“Elon is upset because we took the EV mandate, which was a lot of money for electric vehicles and they have trouble with electric vehicles and they want us to pay billions of dollars in grant,” said Trump. “Elon has known it from the start.”
Act II: Musk first rejected Trump’s criticism, displaying “anything” on X before drawing dozens of messages that explode the republican bill and the president himself.
“Without me, Trump would have lost the elections, the DEMS would control the room and the Republicans are 51 to 49 years old in the Senate,” said Musk, referring to the hundreds of millions of dollars he spent for the last elections. “Such ingratitude,” he added.
Act III: Trump then retaliated on Truth Social, saying that Musk had gone mad “after the president” asked him to leave “his role of the White House. Trump also suggested the government could break links with musk companieswhich have billions of dollars in federal contracts.
Act IV: In response, Musk said that the president was in what is known as “Epstein files” – a reference to a mine of documents and files distributed in a number of surveys and prosecution involving the late Jeffrey Epstein. The Ministry of Justice earlier this year published hundreds of additional pages Documents related to Epstein surveys.
Although Trump and Epstein knew each otherThere was no new revelation on their relationship in any of these files. Trump has never been involved in Epstein abuse for minor girls. He denied any reprehensible act, saying in a position last year: “I was never on the Epstein plane, or on his” stupid “island”.
Act V: Trump last word Regarding: “I don’t mind Elon to turn against me, but he should have done it months ago.”
Learn more about the back and forth →
In relation: Tesla’s shares fell 16% since Musk began to denigrate Trump’s bill last week, and the action remains about 33% lower than that of the day of the inauguration, Steve Kopack reports.
Verification of reality: what the big and beautiful project would do
Jonathan Allen analysis
While the Senate considers that President Donald Trump “A big, nice bill(Or “obbb”), there is a lot of dubious rhetoric flying and, in some cases, striking the fan.
It can be difficult for voters to know what to believe. Thus, it is worth evaluating the objective of the legislation, of which the Chamber has already adopted a version and what it would really do.
The Catchall measurement vehicle is called a budget reconciliation, a process created by the congress half a century ago to provide a fast track to invoices that would result in expenses and taxes in a deeper balance. This means that he cannot be a filibusted, so the Republicans only need a bare majority to make it pass the Senate.
But over the years, Republicans and Democrats have perverted the intention of reconciliation, using the advantage of the fast way to blow the ever -increasing holes in the budget. This is what obbb would do, According to the Congressional Budget Office. The most obvious indication is that its promulgation would require an increase in the judicial ceiling on national debt. If the debt dropped, it would not be necessary to increase the limit.
More specifically, the bill adopted by the Chamber would reduce the taxes of about 3.7 billions of dollars over a decade – largely by extending the prices that Trump and the Congress set up in 2017. At the same time, it would reduce “compulsory” expenses – the accounts that pay according to admissibility for long -standing programs rather than a decade. The removal hole is around 2.4 billions of dollars.
The White House argues that the CBO results are wrong because it wants Congress accountants to ignore the fact that current tax rates should expire. Instead, Trump’s team maintains that the CBO should assume that the current rates will be extended – like an athlete, assuming that his income will continue to circulate when their existing contract will be up. If the congress does nothing, taxes will go up, which would cause a burst of income at a cost for taxpayers.
In his attempt to defeat the measure, or at least rewrite it, Elon Musk accused that he is full of “pork” – a term which, until it used, has been reserved for marks in the invoices of annual discretionary expenditure which is not affected by the OBBB.
Calling measurement as a “disgusting abomination”, Musk treats it as a bill of expenditure. But although there are funding increases – mainly for the Ministry of Defense and efforts to combat illegal immigration – the main provisions are focused on reducing taxes and federal programs, including Medicaid and food coupons.
The debt comes from the fact that the bill would not reduce expenses almost as much as it would reduce income. And it’s just arithmetic.
🗞️ The best stories of today
- 📱ul line 1: Trump and Chinese President Xi Jinping held a telephone call in the middle of current tensions between the two superpowers, with a new meeting in person planned soon. Learn more →
- 🌎 Travel prohibition shock: Countries around the world have criticized Trump after announcing a ban on traveling to nationals of a dozen countries and visa programs for seven others. Learn more →
- 🖊️ Automatic attack: Trump led an investigation into former President Joe Biden and his relatives, accusing them of using “autopen” signatures to cover Biden’s “cognitive decline” and assert presidential power. Learn more →
- ⚖️ Remarking the courts: Trump adopts a new approach to the way he selects judges in his second mandate, focusing on candidates more suited to Maga and attacking the influential federalist society. Learn more →
- ↗️ Rample of ice: Immigration and customs application stopped more than 2,200 people on Tuesday, the most arrest in a single day in its history. Learn more →
- 👔 ‘A punch’: The Federal Job Corps Cups has left thousands of low -income young people who have relied on the career training program for housing and free meals in limbo. Learn more →
- 🗽 Big Apple Showdown: The candidates who present themselves to the Democrat primary for the mayor of New York have largely targeted their anger at Andrew Cuomo, the former governor of New York and his survey, during the debate last night. Learn more →
- 🐊 2026 Watch: David Jolly, a republican who has become a republican, announced that he was showing up to the Governor of Florida in 2026, aimed at becoming the first democrat to direct the State in more than two decades. Learn more →
- Follow the Updates of Live Policy →
It’s all of the political bureau for the moment. Today’s newsletter was compiled by Adam Wollner and Dylan EBS.
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