The timing was no coincidence. On July 3, Congress passed President Donald Trump’s signature legislation, the so-called “One Big Beautiful Bill,” a sweeping package that includes massive spending cuts, the end of clean energy subsidies, and controversial changes to social safety net programs. Trump is expected to sign the bill on July 4.

A public feud between President Donald Trump and his on-again, off-again ally, billionaire Elon Musk, reignited this week after an apparent truce lasted less than a month.

Musk pledged to start a new political party and Trump threatened to use the federal government to punish his former adviser’s companies.