President-elect Donald Trump derailed House Speaker Mike Johnson's short-term government funding deal with Elon Musk's social media push. Trump called the deal "criminal" and threatened opposition in future primaries, creating chaos on Capitol Hill. Trump demands the lifting of the debt ceiling and a long-term spending bill to align with his incoming term’s agenda, while Musk's critique amplified dissent. Johnson's leadership faced scrutiny, and Democrats withdrew support, leaving Republicans in turmoil over a narrow majority and factional disputes. Trump’s allies believe the debt ceiling debate provides leverage for future spending cuts.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President-elect Donald Trump derailed House Speaker Mike Johnson's short-term
00:05government funding deal with Elon Musk's social media push. Trump called the deal
00:10criminal and threatened opposition in future primaries, creating chaos on Capitol Hill.
00:15Trump demands lifting the debt ceiling and a long-term spending bill
00:18to align with his incoming term's agenda, while Musk's critique amplified dissent.
00:23Johnson's leadership faced scrutiny, and Democrats withdrew support,
00:27leaving Republicans in turmoil over a narrow majority and factional disputes.
00:32Trump's allies believe the debt ceiling debate provides leverage for future spending cuts.