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.

An intense public feud erupted on Thursday between President Donald Trump and his one-time ally, billionaire Elon Musk, with an argument about Trump’s massive tax and domestic policy bill raging across social media and in the Oval Office.