President Trump's budget bill faces hurdles as Elon Musk calls it "a disgusting abomination"

0:00 In a rare rare for now anyway rift between Elon Musk and President Trump over the so-called big beautiful bill making its way through Congress. Musk called that spending plan a plan that could ra the raise the deficit by trillions with a tea over time. Musk called it quote a disgusting abomination. Ed O'Keefe is at the White House following this language. Ed, good morning. I knew a rift would come at some point, but this is not good timing for the president. No, it's not, Tony. Good morning. You know, we haven't seen much of the president this week, but we know he's been spending time behind closed doors talking to Republican senators trying to get this bill, which includes tax cuts and spending reforms, passed by July 4th, but it's facing some tough hurdles in Congress, including harsh push back from a close ally. Thank you, Elon. Thank you. Take care of

0:46 yourself. Thank you. He left government work with a key to the White House. Now, Elon Musk is taking on President Trump's top domestic priority, the so-called big, beautiful bill. Posting this massive, outrageous porkfield congressional spending bill is a disgusting abomination. Shame, he added, on House Republicans who voted for it. Musk first made his feelings about the tax cut and spending legislation known recently to CBS Sunday morning. I think a bill can be can be can be big or it can be beautiful, but I don't know if it could be both. My personal opinion, top congressional Republicans disagree with Musk. With all due respect, my friend Elon is terribly wrong about the one big beautiful bill. We have a difference of opinion. He's entitled to that opinion. Um, we're going to pro proceed full

1:31 speed together. But critics, including some Republicans, argue the bill will add trillions to the national debt, while Democrats say it slashes Medicaid and food stamp funding, but it extends the Trump tax cuts and pays for more border security. Look, the president already knows where Elon Musk stood on this bill. It doesn't change the president's opinion. This is one big beautiful bill and he's sticking to it. Overnight, the president also sticking with plans for higher tariffs on imported steel and aluminum. They double this morning from 25% to 50%. At Wright Proper Brewing in Washington DC, owner Thor Chest expects each beer can whipping through this production line to soon cost even more. The president talks about the idea that there's going to be short-term pain for long-term gain. That's why you're here to talk to the

2:17 short-term pain. If it truly is going to be 50% increase in the cost of our aluminum, I mean, we just can't afford it. Chest hopes he won't have to make hard decisions like cutting staff, but knows he'll have to absorb costs somewhere to keep prices down. We survived CO like every year there's something. this is this year's something and so we're I mean we're we're smart, we're tenacious, we don't give up. We'll figure it out, but it's painful. The Trump administration has sent letters reminding other countries of a deadline to firm up trade deals before the pause on reciprocal tariffs ends next month. While White House officials insist deals are close to being finalized, remember so far only one with the United Kingdom has officially been announced. Nate. All right, Ed. Thank

3:02 you.