US President Donald Trump’s major tax and spending cuts bill passed an important test in the Senate late Saturday, according to the Associated Press. In a tense and dramatic session, Republicans narrowly approved a 51-49 procedural vote to move the bill forward, pushing to meet Trump’s goal of passing it by July 4. The vote…
Elon Musk has never been one to hold back. On Tuesday, the billionaire unleashed a fiery broadside against the Trump administration’s latest tax-and-spending bill, branding it a “disgusting abomination” that will balloon the federal deficit. “I’m sorry, but I just can’t stand it anymore,” Musk posted on X’s social media platform, voicing outrage at the…
A US federal court has ruled that President Trump does not have the power to impose reciprocal tariffs, giving the administration 10 days to scrap them. Billionaire Elon Musk has quit his position in the Trump administration, criticising the ‘big beautiful bill’ on tax cuts. The court ruling and Musk’s departure represent significant setbacks for…
Elon Musk has announced his departure from the Department of Government Efficiency (DOGE) just a day before his 130-day mandate ends. During his tenure, DOGE estimated $160 billion in federal savings. Musk criticised Trump’s proposed legislation, calling it a ‘massive spending mistake’ that would increase the federal deficit. Trump defended the bill as ‘big and…
NEW DELHI: Finance minister Nirmala Sitharaman, paraphrasing Abraham Lincoln, described the Union Budget as “by the people, for the people, of the people” during an interview with PTI on Sunday. She said that Prime Minister Narendra Modi was fully supportive of tax cuts, but bureaucratic hurdles delayed the decision. “We have heard the voice of…