Elon Musk Criticizes Trump’s Spending Bill on X, Warns of Fiscal Irresponsibility

Elon Musk launched a scathing attack on the TRUMP administration’s new spending bill, calling it a "disgusting abomination" in a post on X. The Tesla CEO accused lawmakers of fiscal recklessness, claiming the legislation is loaded with wasteful provisions that could balloon the federal deficit to $2.5 trillion. "Congress is making America bankrupt," Musk wrote, escalating his criticism of Washington’s spending habits.

The bill, which combines tax reforms, defense spending, and energy priorities, represents key elements of Trump’s second-term agenda. It narrowly passed the House last month and now faces a tight deadline in the Senate, where Republican leadership aims to secure passage before the July 4 recess. Senate Majority Leader John Thune emphasized the urgency, stating, "It’s going to be a busy month—we have a lot to get done."

Republican infighting threatens the bill’s prospects in the upper chamber, where the GOP can afford only three defections if Democrats remain united. Similar divisions nearly derailed the House version, particularly over contentious provisions like Medicaid cuts. The WHITE House has framed the legislation as critical to advancing Trump’s policy goals, but Musk’s public condemnation underscores growing scrutiny of its fiscal impact.