By Alan Jaffe Multiple independent analyses say the recently passed House reconciliation bill — even with its deep spending cuts in some areas — would add trillions of dollars to the federal deficit over 10 years.

The White House warns that without Senate approval of the 'One, Big, Beautiful Bill,' the U.S. risks recession and a $4 trillion tax hike.

Trump repaid the favor, describing Musk as “a truly great American.” When Tesla faced declining sales, he turned the White House driveway into a makeshift showroom to illustrate his support.