The tax cuts in President Donald Trump’s One Big Beautiful Bill would likely gouge a $2.4 trillion hole in the federal budget. The president has a patch handy, though.

Musk and Trump, ostensibly political allies over cuts to federal spending, publicly clashed on June 5 in a series of exchanges across social media and in comments to reporters. The origin of the dispute is the impact Trump's One Big Beautiful Bill has on U.S. public debt.

Elon Musk and Donald Trump are embroiled in a public feud on X and Truth Social. Online creators large and small want a piece of the action.

The relationship between President Trump and billionaire Elon Musk has disintegrated at a breakneck pace. Here are some of the key moments in the fallout: Musk fired an early salvo this week when he called Trump’s signature tax-and-spending package a “disgusting abomination.