Core Viewpoint - The ongoing conflict between President Trump and Elon Musk over the "Big and Beautiful" tax and spending bill highlights significant disagreements regarding government subsidies and fiscal policy [1][3][4]. Group 1: Dispute Overview - Trump criticized Musk for receiving substantial government subsidies, suggesting that without them, Musk's companies would struggle to survive [3]. - Musk responded by calling for the elimination of all subsidies immediately, indicating a strong stance against government financial support [3]. - The conflict has escalated, with Musk labeling the "Big and Beautiful" bill as "completely insane and destructive," and urging the formation of a new political party focused on public welfare [4]. Group 2: Financial Implications - Musk's criticism of the bill has led to volatility in Tesla's stock price, with a market value loss of approximately $150 billion at one point, although it later recovered [4]. - The ongoing disputes may impact the Republican Party's chances in the 2026 midterm elections, as concerns grow over Musk's influence and the potential fallout from his disagreements with Trump [4]. Group 3: Legislative Context - The Senate began discussing amendments to the "Big and Beautiful" bill on June 30, with a series of open votes expected to lead to a final vote soon after [5]. - The White House has actively promoted the bill, indicating its significance in the current political landscape [5].

Core Viewpoint - The U.S. Senate commenced a day-long voting session on amendments to the "Big and Beautiful" tax and spending bill, which is strongly supported by President Trump, with a final vote expected to follow [1] Group 1: Legislative Process - The Senate's voting session is anticipated to last until late at night, indicating the urgency and importance of the legislation [1] - The Democratic Party is expected to propose amendments aimed at eliminating tax cuts for the wealthy and cutting Medicaid programs [1] - Prior to the final vote, the Senate will conduct a "marathon" voting session, allowing senators to propose an unlimited number of amendments for consideration [1]