Elon Musk says he will cut back on political spending after heavily backing Trump in 2024
Share this @internewscast.com

WASHINGTON (AP) — Elon Musk, the wealthiest individual globally and a significant contributor to President Donald Trump’s campaign, announced on Tuesday that he plans to reduce his political spending.

Musk shared this decision during a virtual appearance at a Bloomberg event in Doha, Qatar. This move could potentially impact Republicans negatively ahead of next year’s midterm elections. Musk’s decision might reflect his growing disillusionment with political processes, following a rocky experience with the Department of Government Efficiency, which has not met its federal spending reduction targets.

“I’m going to do a lot less in the future,” Musk said. Asked why, he responded that “I think I’ve done enough.”

Musk invested at least $250 million in support of Trump’s presidential campaign and even hosted some campaign events himself. This year, he also participated in a judicial race for the Wisconsin Supreme Court, although his favored candidate did not succeed.

Share this @internewscast.com
You May Also Like
Violent criminal gangs have 'near-total control' of world nation's capital, UN says

UN Reports That Criminal Gangs Almost Completely Dominate the Nation’s Capital

Haiti’s criminal organizations have taken “near-total control” over the capital city, as…
David Peterson bounces back to lead Mets in series win over Brewers

David Peterson Shines as Mets Secure Series Victory Against Brewers

A good start can do a lot. It can provide cover for…
Nassau County deputies arrested on time theft charges

Nassau County Deputies Charged with Time Theft

The sheriff’s office reported that the arrests followed an investigation lasting over…
University of Illinois Chicago releases report on faulty Analytical Forensic Testing Laboratory blood tests in marijuana DUI cases

University of Illinois Chicago Publishes Report on Inaccurate Blood Test Results in Marijuana DUI Cases

CHICAGO (WLS) — The University of Illinois Chicago has issued an internal…
Joey 'Jaws' Chestnut hopes for a comeback victory in annual Nathan's Famous hot dog eating contest

Joey ‘Jaws’ Chestnut Aims for a Triumphant Return at the Annual Nathan’s Famous Hot Dog Eating Contest

NEW YORK (AP) — The Nathan’s Famous Fourth of July hot dog…
Natasha Cloud, Sabrina Ionescu lead Liberty to comeback win over Sparks

Natasha Cloud and Sabrina Ionescu Propel Liberty to Victory in Comeback Against Sparks

The Liberty talked this week about how good the vibes were with…
Package of Oscar Mayer Original Turkey Bacon.

Oscar Mayer Recalls 367,000 Pounds of Meat Due to Risk of Harmful Bacteria – Advisory Issued for Pregnant Women and Infants

YOUR breakfast could put your life in danger after a possible contamination…
200 U.S. Marines will be sent to Florida to assist ICE

200 U.S. Marines Deployed to Florida to Support ICE Operations

The announcement came as Florida officials opened the state’s controversial immigration detention…
Is Target open on the 4th of July? Costco? Starbucks?

Target, Costco, and Starbucks: Independence Day Hours and Closures

Although some stores might have shortened hours, there are still opportunities for…
Tax cuts explained: What's in Trump's Big, Beautiful Bill that passed Congress and will soon become law

Understanding Trump’s Tax Cuts: Key Features of the Newly Passed Bill

Republicans successfully pushed President Donald Trump’s tax and spending cut bill through…
Donald Trump being helped off stage at a campaign event.

Iran’s ‘ancient’ fatwa calling for Trump to be CRUCIFIED may incite domestic terror threats in the West, warn leading politicians

IRAN’S “medieval” regime demanding Donald Trump be crucified could provoke “homegrown terrorist…
Environmental Protection Agency puts 139 employees who spoke out against policies under President Trump on leave

EPA Places 139 Employees Critical of Trump-Era Policies on Leave

The Environmental Protection Agency (EPA) placed 139 employees on administrative leave on…