• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
PoliticsElon Musk

‘Welcome to the Elon Musk presidency’: How Musk’s warnings helped tank the budget deal

By
Thomas Beaumont
Thomas Beaumont
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Thomas Beaumont
Thomas Beaumont
and
The Associated Press
The Associated Press
Down Arrow Button Icon
December 20, 2024, 5:36 AM ET
President-elect Donald Trump poses for a photo with Dana White, Kid Rock and Elon Musk at UFC 309 at Madison Square Garden, Nov. 16, 2024, in New York.
President-elect Donald Trump poses for a photo with Dana White, Kid Rock and Elon Musk at UFC 309 at Madison Square Garden, Nov. 16, 2024, in New York.Evan Vucci—AP
Add Fortune on Google for similar content.

In the first major flex of his influence since Donald Trump was elected, Elon Musk brought to a sudden halt a bipartisan budget proposal by posting constantly on his X megaphone and threatening Republicans with primary challenges.

Recommended Video

The social media warnings from the world’s wealthiest man preceded Trump’s condemnation of a measure negotiated by GOP House Speaker Mike Johnson, which effectively killed the stopgap measure that was designed to prevent a partial shutdown of the federal government.

Washington was scrambled a day after Musk’s public pressure campaign. Trump on Thursday first declined to say whether he had confidence in Johnson. But later in the day, Trump praised him and House leaders for producing “a very good Deal,” after they announced a new plan to fund the government and lift the debt ceiling.

Before the new deal was reached, Congressional Democrats mocked their GOP counterparts, with several suggesting Trump had been relegated to vice president.

“Welcome to the Elon Musk presidency,” Democratic Rep. Robert Garcia of California wrote on X.

What was clear, though, is Musk’s ascendance as a political force, a level of influence enabled by his great wealth. In addition to owning X, Musk is the CEO of Tesla and Space X.

“There is no doubt he does wield a lot of influence over Republicans right now due to his proximity to Trump,” said Chris Pack, former communications director for the National Republican Congressional Committee and the Senate Leadership Fund.

But Pack also said that Musk’s threats pose potential risks for House Republicans, who begin next year with a five-seat majority that will shrink temporarily because of Trump’s nomination of some GOP lawmakers to administration posts.

“This isn’t going to help pass the agenda if you are going to cost a bunch of Republicans in very razor-thin moderate seats if you’re going to make them lose in primaries,” Pack said. “All that does is give the keys to these districts over to the Democrats.”

Musk spent an estimated $250 million during the presidential campaign to support Trump, contributing heavily to America PAC, a super political action committee that deployed canvassers, aired TV ads and reached voters digitally in battleground states. He had signaled after the election he was willing to back GOP primary challenges to Republican members of Congress seeking re-election in 2026 who waver on Trump’s appointments and agenda.

He renewed the threat pointedly Wednesday.

“Any member of the House or Senate who votes for this outrageous spending bill deserves to be voted out in 2 years!” he wrote on X. He also called it “one of the worst bills ever written.”

Musk wasn’t alone in fanning GOP anger against the bill, which included several compromise measures to get Democratic support in the Senate in the final weeks before Republicans take control of that chamber. Biotech entrepreneur and former GOP presidential candidate Vivek Ramaswamy, who is Musk’s partner leading the new Department of Government Efficiency, also posted against the bill, as did Trump’s eldest son, Donald Trump Jr.

Musk played down his role at times, suggesting after some praise online, “All I can do is bring things to the attention of the people, so they may voice their support if they so choose.” And the president-elect told NBC News that he had spoken to Musk prior to the Tesla CEO’s first posts.

“I told him that if he agrees with me, that he could put out a statement,” Trump said.

Karoline Leavitt, the incoming White House press secretary, pushed back against Democratic critics who suggested Musk was calling the shots.

“As soon as President Trump released his official stance on the CR, Republicans on Capitol Hill echoed his point of view,” Leavitt said in a statement, referring to the continuing resolution. “President Trump is the leader of the Republican Party. Full stop.”

Throughout the day Wednesday, Musk replied to posts on X from Republican House members announcing opposition to the bill with words of thanks, and punctuating their public commitments.

And he took a victory lap after Trump came out against the bill: “The voice of the people was heard. This was a good day for America.”

He was responding to Kentucky Rep. Andy Barr’s post: “The phone was ringing off the hook today. And you know why? Because they were reading tweets…from Musk and Vivek Ramaswamy.”

By late afternoon Thursday and before the new plan was put to a vote, Musk declared success and posted a picture of the new, slimmed down alternative alongside the voluminous, original measure he helped kill. “This shows how much your voice matters,” he posted. “And having a President like @realDonaldTrump means that your voice is finally heard.”

Conservative activists at the annual AmericaFest gathering in Phoenix cheered Musk Thursday and hailed the suggestion he could replace Johnson as speaker. There’s no requirement that the speaker be an elected member of the House of Representatives.

“Should Mike Johnson remain speaker of the House?” conservative media host Jack Posobiec asked his audience during a live taping of his talk show, prompting a chorus of “Noooooo!!!” from his audience.

Johnson had been scheduled to attend AmericaFest, but canceled after the budget deal fell apart.

“Should Elon Musk be speaker of the House?” Posobiec asked his audience, prompting cheers.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Thomas Beaumont
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

U.S. official says $6 billion in frozen Iranian assets will be released, while Oman discusses possible Hormuz service fees with Tehran
PoliticsIran
U.S. official says $6 billion in frozen Iranian assets will be released, while Oman discusses possible Hormuz service fees with Tehran
By Jon Gambrell, Josh Boak and The Associated PressJune 29, 2026
6 hours ago
alan
LawSupreme Court
Supreme Court to Alan Dershowitz: take a hike with your $300 million defamation suit against CNN
By Lindsay Whitehurst and The Associated PressJune 29, 2026
11 hours ago
acb
PoliticsSupreme Court
One of Trump’s Supreme Court appointees just saved the late mail ballots he hates so much
By Mark Sherman and The Associated PressJune 29, 2026
11 hours ago
lc
PoliticsSupreme Court
Supreme Court rules against Donald Trump in his quest to fire Fed Governor Lisa Cook — for now
By Mark Sherman and The Associated PressJune 29, 2026
11 hours ago
aus
LawSocial Media
Australia’s under-16 social media ban is failing, so the government is (literally) doubling down
By Rod McGuirk and The Associated PressJune 29, 2026
13 hours ago
swisher
Politicspodcasts
‘Podcasts are the NBA’: Scott Galloway on Kara Swisher’s big success — ‘there’s a small amount of people making a lot of money’
By Steven Sloan and The Associated PressJune 29, 2026
13 hours ago

Most Popular

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
11 hours ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
5 days ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
3 days ago
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
Environment
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
By Catherina GioinoJune 28, 2026
2 days ago
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
Success
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
By Orianna Rosa RoyleJune 28, 2026
2 days ago
Cristiano Ronaldo is soccer's first-ever billionaire: He went from begging for burgers outside McDonald's to landing a $400 million contract
Success
Cristiano Ronaldo is soccer's first-ever billionaire: He went from begging for burgers outside McDonald's to landing a $400 million contract
By Preston ForeJune 28, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.