Elon Musk issues BIG warning as House rejects Trump-backed spending deal: America is headed for disaster, unless...
Live MintElon Musk, the head of the newly established Department of Government Efficiency, alongside Vivek Ramaswamy, has issued a stark warning regarding the precarious financial state of the United States. In his post, SpaceX CEO Elon Musk cautioned, “America is headed for disaster, with no money for anything, unless the government overspending is addressed.” Department of Government Efficiency is a proposed presidential advisory commission in the United States. The House of Representatives decisively rejected President-elect Donald Trump's proposed plan to fund federal operations and suspend the debt ceiling, just one day before a looming government shutdown. House Speaker Mike Johnson expressed determination to regroup before the midnight deadline, stating, “We’re going to do the right thing here.” President-elect Donald Trump has demanded that a provision raising or suspending the nation's debt limit — something that his own party routinely resists — be included in legislation to avert a government shutdown. The rejection of this plan marks a considerable setback for Donald Trump and his influential ally Elon Musk, who openly criticized Johnson's bipartisan compromise designed to prevent a Christmas-time shutdown.