Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

U.S. President Donald Trump Speaks on Iran – LIVE

07/04/2026

Nomination of Kevin Warsh, the New Fed Chair Nominee, to Be Considered in the U.S

07/04/2026

HeyElsa Integrates Hyperliquid for Unified Spot and Perps Trading Through AI Conversation

07/04/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum crosses 200 million quarterly transactions for the first time ever

    06/04/2026

    Binance Traders Are Buying Ethereum, Will It Trigger Price Rebound?

    06/04/2026

    Ethereum Price Pressured at $2,150, Bulls Fight to Clear Hurdle

    06/04/2026

    Analyst Forecasts Fall To $600 If This Happens

    06/04/2026

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Modern Lion Joint Venture Faces Liquidation

    06/04/2026

    NFT Debate Deepens as Experts Clash on Market’s Future

    06/04/2026

    Justin Bieber Purchased a Bored Ape NFT for $1.3 Million; Here is How Much It Is Worth Today

    05/04/2026

    Top NFT Sales of the Week, Sales Increase 11%

    05/04/2026

    U.S. President Donald Trump Speaks on Iran – LIVE

    07/04/2026

    Nomination of Kevin Warsh, the New Fed Chair Nominee, to Be Considered in the U.S

    07/04/2026

    HeyElsa Integrates Hyperliquid for Unified Spot and Perps Trading Through AI Conversation

    07/04/2026

    Deloitte, Stablecorp plan stablecoin infrastructure for Canadian institutions

    07/04/2026
  • Blockchain

    Ant Group’s blockchain arm unveils platform for AI agents to transact on crypto rails

    07/04/2026

    Volo and Dow Protocol Are Bringing E-Commerce Merchant Financing On-Chain for the First Time

    07/04/2026

    ELLIPAL Integrates ZIGChain to Broaden Cold Wallet Network

    07/04/2026

    InterLink Launches Version 5.0 with KYC Integration and Exclusive Visa Card

    07/04/2026

    PVPFun Collaborates With Manadia To Reinforce Security And Trust On AI-Powered Web3 Development Applications

    07/04/2026
  • DeFi

    DAI migration to USDS begins as Coinbase outlines conversion timeline

    07/04/2026

    Top 10 DeFi Altcoins Developers Have Been Focusing On Most in the Last Month Revealed – Here’s the List

    07/04/2026

    Linea’s Native Yield Turns Into Balance Sheet Test, Steakhouse Says in Report

    07/04/2026

    Lido Proposes $20M Buyback, Aave V4 Deploys, and More

    06/04/2026

    As Wall Street moves on-chain, DeFi faces a $330 billion trust test it can’t dodge

    06/04/2026
  • Metaverse

    Mark Zuckerberg’s Meta launches new AI initiative after metaverse retreat

    25/03/2026

    Meta partners with Arm to develop new CPUs for AI deployments

    24/03/2026

    Land values capitulate as $24M metaverse plot collapses to just $9,000

    20/03/2026

    Meta to shutter Horizon Worlds metaverse on VR in favor of mobile

    18/03/2026

    Meta expands AI agent push with Moltbook acquisition

    10/03/2026
  • Regulation

    U.S. President Donald Trump Speaks on Iran – LIVE

    07/04/2026

    Deloitte, Stablecorp plan stablecoin infrastructure for Canadian institutions

    07/04/2026

    Andrew Tate loses $286,000 in crypto shorting oil

    07/04/2026

    The New Frontier of Digital Finance According to the RWA.io Report

    07/04/2026

    JPMorgan just slashed 2026 stock market outlook again

    07/04/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    HeyElsa Integrates Hyperliquid for Unified Spot and Perps Trading Through AI Conversation

    07/04/2026

    Paysafe Teams Up with MoonPay to Bring Seamless Crypto Payments to U.S. iGaming

    07/04/2026

    Polymarket bags 97% of onchain prediction market fees after pricing overhaul

    07/04/2026

    E-commerce Giant Rakuten Adds Shiba Inu to Mobile Wallet

    07/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    PlutonAI Joins Forces with Ispoverse to Transform AI Agents in Gaming

    07/04/2026

    NeoFantasy Game Partners With AetheriumX To Advance Metaverse Gaming Global Expansion

    03/04/2026

    The Sandbox NEXT Stress Test Ignites Mobile Metaverse Ambitions with Unreal Engine Power

    02/04/2026

    PlaysOut and Magne.AI Shake Hands for AI-Powered Web3 Gaming Experiences

    01/04/2026

    BTC miners grow in Georgia on low electricity rates and favorable regulations

    07/04/2026

    Bitcoin Miners Are Selling Their BTC to Pivot Into the Same Business

    07/04/2026

    Bitcoin miners face a new rival for cheap power as Anthropic signs multi-gigawatt compute deal

    07/04/2026

    The Bitcoin miner sell-off looks close to exhaustion marking impending reversal in market pressure

    07/04/2026

    Nomination of Kevin Warsh, the New Fed Chair Nominee, to Be Considered in the U.S

    07/04/2026

    US Banking Group Slams Coinbase Conditional Trust Approval, Citing Risks in Crypto Banking Expansion

    07/04/2026

    Japan Advances Crypto Regulation Overhaul, Aligning Digital Assets With Traditional Financial Market Frameworks

    07/04/2026

    Anthropic launches PAC amid tensions with Trump administration over AI policy

    07/04/2026

    U.S. President Donald Trump Speaks on Iran – LIVE

    07/04/2026

    Nomination of Kevin Warsh, the New Fed Chair Nominee, to Be Considered in the U.S

    07/04/2026

    HeyElsa Integrates Hyperliquid for Unified Spot and Perps Trading Through AI Conversation

    07/04/2026

    Deloitte, Stablecorp plan stablecoin infrastructure for Canadian institutions

    07/04/2026
  • MarketCap
NBTC News
Home»Legal»Elon Musk criticizes Trump’s bill for undermining his DOGE cost-cutting efforts
Legal

Elon Musk criticizes Trump’s bill for undermining his DOGE cost-cutting efforts

NBTCBy NBTC29/05/2025No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Donald Trump made it clear from the White House on Wednesday that he has no regrets about his latest tax bill, even after sharp public complaints from his so-called best friend Elon Musk.

The president brushed aside Elon’s criticism during a press briefing, saying the administration needed broad Republican backing in Congress to pass the legislation. “Number one, we have to get a lot of votes,” Trump told reporters. “We can’t be cutting — you know, we need, we need to get a lot of support.”

The backlash came after Elon told CBS News he was “disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decreases it, and undermines the work that the DOGE team is doing.”

According to CBS, Elon expressed frustration with how the bill undermines his Department of Government Efficiency — or DOGE — which he has led since January in a high-profile attempt to reduce wasteful federal spending.

Elon calls the bill wasteful, Trump defends compromises

Elon didn’t hold back when describing Trump’s so-called “One Big Beautiful Bill Act,” which combines sweeping tax cuts with increased funding for the military and border security.

“I think a bill can be big or it can be beautiful,” Elon said, “but I don’t know if it can be both.” His statement echoed warnings from budget analysts who say the bill could expand the deficit by trillions over the next decade.

The bill scraped through the House last week, but it faces major changes in the Senate to win over skeptical Republicans. Trump admitted he isn’t happy with everything in the bill, saying, “We will be negotiating that bill, and I’m not happy about certain aspects of it, but I’m thrilled by other aspects of it.

That’s the way they go.” He emphasized that the tax cuts were the centerpiece of the legislation. “The level of tax cutting that we’re going to be doing,” he said, was what made the entire deal worth it.

DOGE, under Elon’s leadership, claims to have saved $170 billion in taxpayer money since January by shutting down redundant departments and slashing staff across multiple agencies.

The US Agency for International Development was gutted, and other offices saw massive staff reductions. A report from Challenger, Gray & Christmas estimated 275,000 jobs have been cut from the federal government because of DOGE-linked reforms.

DOGE’s numbers face scrutiny as Elon retreats from government

Not everyone buys Elon’s math. The Associated Press previously reported that 40% of the government contracts canceled by DOGE weren’t expected to save the Treasury any real money. In February, The New York Times noted that DOGE quietly removed five of its most promoted savings claims from its own website.

The Congressional Budget Office estimates that Trump’s bill would raise the federal deficit by $3.8 trillion over the next ten years. In 2025 alone, the deficit is expected to run close to $2 trillion, with the national debt currently sitting at $36.2 trillion.

Despite these projections, Trump and congressional Republicans insist the bill will trigger enough economic growth to offset the impact of the tax cuts.

Elon, for his part, is stepping back. During Tesla’s first-quarter earnings call, he said he plans to cut down his involvement with DOGE and spend more time running Tesla, SpaceX, and X. Even so, he plans to keep a small office at the White House and spend “a day or two per week” on DOGE duties until the end of Trump’s term.

Speaking to The Washington Post, Elon said he underestimated how bad the federal bureaucracy really was. “It’s much worse than I realized,” he said.

“DOGE became the whipping boy for everything.” His alliance with Trump and public comments have also sparked intense protests against Tesla. “People were burning Teslas,” Elon told the Post. “Why would you do that? That’s really uncool.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Nomination of Kevin Warsh, the New Fed Chair Nominee, to Be Considered in the U.S

07/04/2026

US Banking Group Slams Coinbase Conditional Trust Approval, Citing Risks in Crypto Banking Expansion

07/04/2026

Japan Advances Crypto Regulation Overhaul, Aligning Digital Assets With Traditional Financial Market Frameworks

07/04/2026

Anthropic launches PAC amid tensions with Trump administration over AI policy

07/04/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

U.S. President Donald Trump Speaks on Iran – LIVE

07/04/2026

Nomination of Kevin Warsh, the New Fed Chair Nominee, to Be Considered in the U.S

07/04/2026

HeyElsa Integrates Hyperliquid for Unified Spot and Perps Trading Through AI Conversation

07/04/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.