Trump and Musk have resumed their mutual attacks. What the media is writing

A conflict is reigniting between US President Donald Trump and billionaire Elon Musk. The head of the White House proposed to abandon subsidies for the business of his former ally, and the entrepreneur threatened to create a new political party that would compete with Republicans and Democrats. What the media write about the new quarrel is in the Izvestia digest.

Financial Times: Trump proposed to review subsidies to Musk

Trump suggested that the US government review all subsidies allocated to Musk's business empire, saying that it would save "a lot of money." In his post on the Truth Social platform, Trump wrote that without subsidies, Musk would probably have to close his business and return to South Africa.

In total, six of Musk's companies profit from about $20 billion in government contracts, which, as the billionaire previously claimed, were concluded on the basis of their merits and provided an optimal price-performance ratio. Tesla has received more than $2.8 billion in state and federal subsidies, and SpaceX has become the de facto operator of the U.S. space program, with billions of dollars in government contracts. Tesla shares listed on the Frankfurt Stock Exchange fell by 6% after Trump's post was published.

Associated Press: Musk renews criticism of Trump's bill

Musk again emphasized his disgust with Trump's massive tax and spending cuts bill, saying that the document, which Republican senators are having a hard time accepting, would cut jobs and slow down the development of emerging industries. The businessman added that the bill would be "political suicide for the Republican Party."

The criticism continued the fierce conflict between the former head of the Department of Government Efficiency (DOGE) and the administration he recently left. It has become another headache for Republican leaders, who have been working all weekend to get the bill through their house in time for the July 4 deadline set by Trump.

From sadness to nastiness: Trump proposed to start checking the work of Elon Musk

The quarrel between the US president and the founder of Tesla is gaining new momentum

Politico: Musk threatened to create a third party

Musk said on June 30 that he would carry out his threats and create a third party if Trump's "big, beautiful bill" was passed by Congress. According to him, the Party of America will be formed "the next day" after the approval. He posted a statement at a time when the Senate was nearing the final vote on the bill.

Musk's opposition to this bill, which could paralyze the renewable energy industry and at the same time increase the national debt by trillions of dollars, led to a public break with the president shortly after his term as a federal government official expired at the end of May. A few days later, they seemed to have reconciled, but now Musk has gone on the offensive again.

The Washington Post: Musk got hold of confidential data useful for himself in DOGE

For several months, the DOGE service has been studying the federal government's information systems, combing through secret internal records in order, according to Musk, to correct waste. Now that he has stepped away from his role in government, some of this data could give the world's richest man a competitive advantage over rivals in the private sector.

So far, no evidence has been found that DOGE used government information to benefit Musk's business empire, which covers industries such as artificial intelligence, space exploration, and medical devices. Despite this, experts say that the information obtained will remain valuable because it can help Musk's companies enter new markets, win additional government contracts, or identify employees who reported unsafe working conditions to federal investigators.

Remove Mask: conflict with Trump will hit the billionaire's business and the reputation of the United States

In just one day of confrontation, the owner of Tesla lost $34 billion.

Bloomberg: Senators stayed up all night discussing Trump's bill

Republican leaders in the Senate continue to fight for votes to pass Trump's $3.3 trillion tax and spending bill. They are expected to vote on a number of amendments on the morning of July 1, including provisions on energy and healthcare, which could further inflame divisions in the party, which is divided over cuts to social protection programs, tax breaks for clean energy and the overall cost of the bill.

Trump stayed in touch with lawmakers the entire time on Monday, as well as over the weekend. Just after midnight, the president praised the bill, warning that its failure to pass would lead to a historic tax increase. Treasury Secretary Scott Bessent, who was actively involved in the negotiations, also expressed optimism that the Senate would pass the bill in a relatively short time.