On July 2, 2025, the US House of Representatives voted on President Donald Trump's fiscal plan, known as the "One Big Beautiful Bill." The bill aims to extend 2017 tax cuts, increase defense spending, and raise the debt ceiling by $5 trillion.
Elon Musk, a former Trump advisor, strongly criticized the bill in a CBS interview. He called it an "abomination" that would increase the federal deficit and undermine government spending reduction efforts.
The House vote was close, with 215 in favor and 214 against. The bill now moves to the Senate, where it faces potential amendments and further debate.