Scott Bessent, U.S. Treasury Secretary, commented in a conversation with CNN on Elon Musk's decision to establish a fresh political party. According to him, the boards of billionaire companies are most likely not satisfied with his political ambitions.
Bessent pointed out that the activities of the Department of Government Performance (DOGE), at the head of which he stood until the end of May Musk, were “very popular” in American society. At the same time, according to his opinion, Musk was not so popular.
Boards of Companies Against Politics
“So, according to me, the boards of his various companies wanted him to return to the management of the companies, which is the best” - said the secretary of the treasury. “So I guess the board did not like this announcement yesterday and will encourage him to focus on his business activity alternatively than his political activity”, he added.
Musk and Bessent didn't have a good relation at the time of a billionaire for the White House. According to media reports, there was to be a loud fight between them and even fights.
The emergence of the organization of America
Billionaire and erstwhile U.S. President's advisor Donald Trump announced a fresh group called the organization of America on Saturday. The day before, he published a poll in which he asked netizens if they advocate the creation of a fresh party.
Musk has previously suggested the creation of a fresh political group in the US. On Monday, erstwhile he criticised the President's draft budget bill again, he announced that if she was voted on in the United States, the America organization would be formed.
Opposition to the Budget Act
He besides wrote that any associate of legislature who votes for the budget bill should be ashamed. This is about a “one large beautiful bill” signed by Trump on Friday, which combines taxation cuts with social spending cuts and increased spending on migrant deportations.
According to an analysis by the Congressional Budget Office (CBO), despite the expected cuts, the task will contribute to the budget deficit increase by $3.8 trillion in 10 years. The CBO besides predicts that the legislature version of the task will origin nearly 12 million Americans to lose their wellness insurance.
Trump's allegations against Musk
Trump accused Musk of opposing the bill not due to the fact that he wanted to make more budget savings, but due to the fact that he received taxation credits for the acquisition of electrical cars. He is relieved by Musk Tesla.
From Washington Natalia Dziurdzińska (PAP) Note: This article was edited with Artificial Intelligence.
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