As tensions escalate between President Donald Trump and Elon Musk, the Tesla CEO warned that Trump’s "big, beautiful bill" will trigger an economic recession. It comes as the Congressional Budget Office reports that Trump's tariffs plan would reduce the deficit but shrink the economy.

Musk ratcheted up his rhetoric against the legislation this week, branding it a “disgusting abomination” before attacking Trump directly, calling for him to be impeached, threatening to start a rival party, and suggesting he had links with the disgraced financier and child trafficker Jeffrey Epstein.

The bill faces strong headwinds among senators across the Republican spectrum, including fiscal conservatives who say it authorizes unsustainable spending.