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.

In an interview with NBC News, the president also said he assumes his relationship with the tech billionaire is over following their recent falling out.

House Republicans are hoping the public breakup between President Donald Trump and billionaire Elon Musk does not last very long for the sake of the “big, beautiful” reconciliation bill. Thursday’s news cycle was dominated by the clash between the President and the world’s richest man and their petty attacks on each other — which included mentions of Jeffrey Epstein,