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Trump threatens Musk's subsidies over budget bill disputes

Name: Trump threatens Musk's subsidies over budget bill disputes
Uploaded: 2025-07-01T12:31:00-0400
Duration: 5 min 32 s
Description: President Trump alluded to eliminating Elon Musk's subsidies after the Tesla CEO criticized the Republican reconciliation bill. Also, Federal Reserve Chair Jerome Powell continues to face pressure to lower interest rates. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.

President Trump alluded to eliminating Elon Musk's subsidies after the Tesla CEO criticized the Republican reconciliation bill. Also, Federal Reserve Chair Jerome Powell continues to face pressure to lower interest rates. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.