Elon Musk says Trump’s economic plans could cause ‘temporary hardship’
Anna Moneymaker/Getty Images
(WASHINGTON, D.C.) — Elon Musk, the world’s richest person, has vaulted to the forefront of the presidential campaign as a top donor and impassioned speaker in support of former President Donald Trump.
Still, Musk has said in recent days that the candidate’s economic plans could cause financial pain, at least in the short term.
Among those proposals is the potential formation of a new “government efficiency commission” to be led by Musk. The group would scrutinize federal spending and slash programs deemed wasteful.
Speaking on a telephone town hall on Friday, Musk said spending cuts imposed by the commission would “necessarily involve some temporary hardship.” Ultimately, Musk added, the cost-cutting would “ensure long-term prosperity.”
“We have to reduce spending to live within our means,” Musk said.
Offering up another cautionary note, Musk voiced agreement with a post on X on Tuesday that warned of dire economic fallout if Trump wins the election and implements some of his key agenda items.
“If Trump succeeds in forcing through mass deportations, combined with Elon hacking away at the government, firing people and reducing the deficit – there will be an initial severe overreaction in the economy,” an anonymous user posted on X.
“Market will tumble. But when the storm passes and everyone realizes we are on sounder footing, there will be a rapid recovery to a healthier, sustainable economy,” the post added.
In reply, Musk said, “Sounds about right.”
ABC News contacted Musk-owned companies, Tesla and SpaceX, in an effort to reach Musk for comment. He did not immediately respond. America PAC did not immediately respond to a request for comment.
In response to ABC News’ request for comment, the Trump campaign praised Musk, saying he is uniquely equipped to help improve government efficiency.
“As President Trump has said, Elon Musk is a genius, an innovator, and has literally made history by building creative, modern, and efficient systems. Elon Musk has dedicated himself to America’s future by offering to serve with President Trump to ensure our government works more efficiently and uses America’s taxpayer dollars effectively,” Brian Hughes, a senior adviser to the Trump campaign, told ABC News.
“The commission will ultimately be staffed and dedicated to this mission, and President Trump is committed to having Mr. Musk lead this commission to analyze the functionality of our government,” Hughes added.
On the campaign trail, Trump has vowed to slap tariffs of up to 20% on all imported goods and deport millions of undocumented immigrants. Economists widely view those proposals as likely to drive up consumer prices, since companies typically pass along the costs of taxes and wage increases to customers.
Trump has also floated the notion of eliminating the personal income tax for all Americans. The U.S. would pay for the lost tax revenue with far-reaching tariffs, Trump told Joe Rogan last week.
The individual income tax currently accounts for roughly half of the $5 trillion in revenue that the federal government brings in each year. It would be all but impossible to make up for the lost revenue with increased tariffs, experts previously told ABC News.
Last year, the U.S. imported about $3.8 trillion worth of goods, the U.S. Bureau of Economic Analysis found. To generate the same amount of revenue currently brought in by the individual income tax, a tariff would have needed to be set at about 70%, said Alan Auerbach, a law professor at the University of California, Berkeley.
However, a tariff of such magnitude would significantly reduce U.S. trade, slashing the total amount of imported goods and, in turn, reducing tax revenue.
Musk, who leads Tesla and SpaceX, has taken an active role as both a large donor and vocal proponent backing Trump.
Musk donated about $75 million to a pro-Trump Super PAC over a three-month period ending in September, according to disclosures filed to the Federal Election Commission. Musk, who owns X, frequently posts messages in support of Trump on the social media platform, where he boasts more than 202 million followers.
The U.S. national debt currently stands at about $35 trillion. President Joe Biden has added to the national debt over the course of his term in office, just as Trump did.
Vice President Kamala Harris’ economic plans would increase primary deficits by $1.2 trillion over the next 10 years, according to a budget model created by the University of Pennsylvania’s Wharton School of Business. The plans put forward by Trump, meanwhile, would increase primary deficits by $5.8 trillion over that period, the model found.
Speaking on a telephone town hall on Friday, Musk vowed to closely examine the federal budget if appointed head of a potential “government efficiency commission.”
The role means “looking at every line item, every expense, and saying is this necessary at all?” Musk said.
An ABC News graphic shows the latest weather conditions and warnings in the wake of Helene, on Monday, Sept. 30, 2024. — ABC News
(NEW YORK) — The storm surge, wind damage and inland flooding from Hurricane Helene have been catastrophic, flooding neighborhoods, stranding residents, destroying homes and toppling trees in Florida, Georgia, South Carolina, North Carolina, Virginia and Tennessee.
Dozens have been killed.
Helene, which made landfall in Florida’s Big Bend region Thursday night as a massive Category 4 hurricane, was the strongest hurricane to make landfall in the Big Bend on record.
Here’s how the news is developing:
FEMA has delivered 1 million liters of water and 600K meals to North Carolina
North Carolina Gov. Roy Cooper called the impact of Hurricane Helene on the state “absolutely catastrophic” in a statement Monday.
“This is an unprecedented response and an absolutely enormous coordinated effort by the state, federal and local partners,” Cooper said.
Cooper, who inspected the staging area at the Asheville airport Monday, said “Hundreds of thousands of pounds of supplies are being flown in, packed onto helicopters and flown into areas that can’t be reached by vehicles.”
The Federal Emergency Management Agency (FEMA) has delivered 1 million liters of water and 600,000 meals to people in North Carolina, Cooper said.
The governor added that there are 92 search and rescue teams working to help bring residents to safety.
Biden says he’ll travel to North Carolina on Wednesday
President Joe Biden told reporters from the Oval Office he will travel to North Carolina on Wednesday to survey the damage.
He said he plans to land in Raleigh for a briefing and then do an aerial tour of Asheville to avoid straining on-the-ground resources.
He said he will visit Georgia and Florida “as soon as possible after that.”
Asked by ABC News’ Karen Travers how Americans can help out, Biden recommended people reach out to the Red Cross — and gear up for a long recovery.
“There is a lot to do, and this is just beginning,” Biden said. “We’ve been through this before, but not — not like this. This is the worst ever.”
Harris to impacted communities: ‘Our nation is with you’
Vice President Kamala Harris called the storm damage throughout the Southeast the “worst destruction and devastation that we have seen in quite some time” during remarks from FEMA’s headquarters in Washington, D.C., Monday afternoon.
“In coordination with state and local officials, President Biden and I will continue to make sure that communities have the support and the resources that they need — not only to respond to this storm and its immediate aftermath, but also the resources they will need to recover,” Harris said.
Harris said more than 3,300 federal personnel are on the ground to assist with recovery efforts, including deploying food, water and generators as well as helping to restore water and power.
“To everyone who has been impacted by this storm, and to all of those of you who are rightly feeling overwhelmed by the destruction and the loss, our nation is with you,” she said. “We will continue to do everything we can to help you recover and to help you rebuild. No matter how long it takes.”
Harris said she has spoken to Georgia Gov. Brian Kemp and North Carolina Gov. Roy Cooper and plans to be “on the ground as soon as possible” without disrupting any emergency response operations.
Storm ‘unprecedented’ for western North Carolina
Helene is “an unprecedented storm” for western North Carolina, requiring an “unprecedented response,” North Carolina Gov. Roy Cooper said Monday.
“We’re dealing with a situation that is unlike anybody’s ever seen in western North Carolina,” he said.
The damage is “extensive and devastating” and is “going to require significant resources, both in the short-term and the long-term,” the governor said.
Ninety-two rescue teams are out conducting search and rescues right now, Cooper said.
More than 300 roads are closed and some bridges have been destroyed, officials said.
Over 7,000 North Carolina residents have registered for FEMA individual assistance and that money is already flowing in, according to Will Ray, director of North Carolina Emergency Management.
FEMA Administrator Deanne Criswell promised that the agency will “be here as long as it takes to finish this response and continue through the recovery.”
“We have the resources here in North Carolina to help,” Criswell said. “We will continue to send additional resources in.”
Full extent of damage still unclear: Homeland security adviser
Homeland security adviser Liz Sherwood Randall said the full extent of the damage from the hurricane is still unclear.
“It probably will take several more days, as communities begin to be opened up by the debris clearance on the roads, and we can get in, and really understand what’s happened to them,” she said.
Sherwood-Randall said about 600 people are unaccounted for.
“We’re very hopeful that some of those people just don’t have cellphones working and actually are alive,” she said.
Sherwood-Randall said 3,500 federal response personnel have been deployed to the region and additional personnel is expected to arrive in the coming days.
With communication remaining a major challenge, Sherwood-Randall said, “Today, FEMA will install 30 Starlink receivers in western North Carolina to provide immediate connectivity for those in greatest need.”
She also highlighted that in states that have received major disaster declarations, FEMA is working to distribute serious needs assistance, which gives “an immediate $750 direct payment to eligible households, to allow them to pay for essential items like food, baby formula, water, medications and other emergency supplies.”
-ABC News’ Molly Nagle
Sen. Rick Scott calls for Senate to reconvene to pass emergency aid
Sen. Rick Scott, R-Fla., is calling upon the Senate to reconvene to approve an emergency aid package for victims of Hurricane Helene.
“While I know from my experience with previous hurricanes that FEMA and [Small Business Administration] damage assessments take time, I am today urging Majority Leader Chuck Schumer to immediately reconvene the U.S. Senate when those assessments are completed so that we can pass the clean supplemental disaster funding bill and other disaster relief legislation, like my Federal Disaster Tax Relief Act, needed to ensure the full recovery of families in all impacted communities,” Scott said in a statement Monday.
Any additional funding, beyond the funding approved by President Joe Biden and able to be drawn down from FEMA, would need to be approved by both chambers of Congress.
The Senate let out on Wednesday after approving a stopgap funding bill to keep the government funded through Dec. 20. The Senate is not scheduled to return until Nov. 12. The House is also out of session and would need to return to approve any aid.
-ABC News’ Allison Pecorin
How to help
Click here for a list of charities and organizations that are supporting relief efforts, including the Red Cross and Americares.
Trump visits hard-hit Valdosta, Georgia
Former President Donald Trump visited hard-hit Valdosta in southern Georgia on Monday to distribute supplies and “stand in complete solidarity with … all of those suffering in the terrible aftermath of Hurricane Helene.”
“Valdosta has been ravaged,” Trump said. “The town is, very, very badly hurting, and many thousands are without power. They’re running low on food and fuel. We brought a lot of it down with us.”
“We’ll continue to help until you’re bigger, better, stronger than ever before,” Trump said.
The former president held a “moment of silence and prayer” for those killed in the storm.
Twenty-five people in Georgia have died in the storm, Gov. Brian Kemp said.
Trump said he’ll also visit North Carolina as the state works to recover from Helene.
Biden plans to visit storm zone Wednesday or Thursday
President Joe Biden said Monday that Helene is “not just a catastrophic storm — it’s a historic, history-making storm.”
Biden said he will travel to the impact zone as soon as possible, ideally Wednesday or Thursday. He said he’s been told it’d be disruptive to visit immediately, and he does not want to interfere with these areas accessing the relief they desperately need.
“Communities are devastated. Loved ones waiting, not sure if their loved ones are OK, and they can’t contact them because there’s no cellphone connections. Many more folks displaced have no idea when they’ll be able to be return to their home, if ever, if there’s a home to return to,” he said.
“There’s nothing like wondering, ‘Is my husband, wife, son, daughter, mother, father, alive?’ And many more who remain without electricity, water, food and communications,” he said.
Biden said he’s directed his team “to provide every available resource as fast as possible.”
Biden vowed, “We’re not leaving until the job is done.”
Helene ‘spared no one’ in Georgia, governor says
Hurricane Helene “literally spared no one” in Georgia, Gov. Brian Kemp said Monday.
Twenty-five people in Georgia have died in the storm, Kemp said. The victims include: a 27-year-old mother and her 1-month-old twin boys, who died when a tree fell on their home; Leon Davis, an assistant fire chief from Blackshear, who died when a tree fell on his car while he was responding to a call; and a 7-year-old boy and a 4-year-old girl who died when a tree fell on their burning house, he said.
More than 500,000 customers in Georgia remain without power after Helene damaged over 5,000 poles, the governor said. Kemp said Georgia Power officials are calling Helene the most devastating storm they’ve faced.
Former President Donald Trump is scheduled to visit hard-hit Valdosta, Georgia, on Monday.
35 dead, hundreds unaccounted for in hard-hit Buncombe County, North Carolina
Thirty-five people are dead and 600 people remain unaccounted for in hard-hit Buncombe County, North Carolina, which encompasses Asheville, according to county officials.
County officials said people will go door-to-door to check on those who have been reported missing.
Shelters are at capacity, officials said.
The city of Asheville has partnered with Verizon to establish a temporary cellphone tower, officials said.
-ABC News’ Alex Faul and Jessica Gorman
600 people still unaccounted for in hard-hit Buncombe County, North Carolina
Six-hundred people remain unaccounted for in hard-hit Buncombe County, North Carolina, which encompasses Asheville, according to county officials.
County officials said people will go door-to-door to check on those who have been reported missing.
Thirty people in Buncombe County have been confirmed dead from the hurricane, the sheriff said Sunday.
Buncombe County remains under a state of emergency.
-ABC News’ Jessica Gorman
Helene remnants move into mid-Atlantic
After dumping more than 30 inches of rain on North Carolina and producing the biggest local flood in recorded history, the remnants of Helene are forecast to move on Monday into the mid-Atlantic.
As southeastern United States worked to clean up from Helene, some of its remnants are moving into Mid-Atlantic today with heavy rain forecast for West Virginia, Virginia and Maryland.
There is an elevated flood threat on Monday in Virginia and West Virginia, where the already saturated ground could get additional 1 to 2 inches of rain, which could produce flash flooding.
-ABC News’ Max Golembo
Harris planning visit to communities impacted by Helene
Vice President Kamala Harris intends to communities impacted by Hurricane Helene “as soon as it is possible without disrupting emergency response operations,” according to a White House official.
Harris, who was briefed by FEMA on the federal response to the hurricane, reached out to Florida Gov. Ron DeSantis and Georgia Gov. Brian Kemp.
At a rally in Las Vegas on Sunday, Harris addressed those who were impacted by the hurricane by sending her “thoughts and prayers” and thanking first responders.
“I know that everyone here sends their thoughts and prayers for folks who have been so devastated in Florida, in Georgia, the Carolinas and other impacted states. And we know that so many have been impacted. Some have died, but I want to thank everyone for doing everything you can to think about them,” Harris said. “Send them your thoughts and your prayers. I want to thank the first responders who have done so much. I stand with these communities for as long as it takes to make sure that they are able to recover and rebuild.”
-ABC News’ Gabriella Abdul-Hakim, Fritz Farrow and Will McDuffie
Gov. DeSantis says power restored to all but 111K in Florida
Florida Gov. Ron DeSantis shared a major update on power restoration progress in the state on Sunday.
DeSantis said a post on X that most customers who lost power after Hurricane Helene made landfall in Florida’s Big Bend area last week, have had their electricity restored.
The governor said power was back for 2.3 million customers, and 99% of the state has power.
He added that power remains out for 111,000 customers.
Biden intends to visit hurricane zone this week
President Joe Biden spent his Sunday evening receiving briefings on the damage from Hurricane Helene, and speaking to local officials from the impacted areas.
In a statement, the White House said Biden intends to travel to the impacted areas this week, “as soon as it will not disrupt emergency operations.”
Additionally, Biden spoke by phone Sunday with Georgia Gov. Brian Kemp, North Carolina Gov. Roy Cooper, Valdosta, Georgia, Mayor Scott Matheson and Taylor County, Florida, emergency management director John Louk, according to the White House.
The president also reached out to additional officials across North Carolina, Tennessee, Florida and South Carolina.
“In each conversation, the President received updates on response and recovery efforts, and he shared how the Biden-Administration will continue providing support to impacted communities – for as long as it takes,” the White House said in the statement.
-ABC News’ Sarah Kolinovsky
Trump to visit Valdosta, Georgia
Former President Donald Trump is scheduled to visit Valdosta, Georgia, on Monday to receive a briefing on the damage caused by Hurricane Helene, help distribute supplies and deliver remarks, his campaign said.
President Joe Biden said Sunday that the photographs showing Hurricane Helene’s damage are “stunning.”
When asked by reporters about his message to the victims, Biden said, “It’s tragic.”
“My FEMA advisor is on the ground in Florida right now. … We’re working hard,” Biden said.
Asked by ABC News if there are more resources the federal government could be providing, Biden responded, “No, we’ve given them. We have pre-planned a significant amount, even though they didn’t ask for it yet — hadn’t asked for it yet.”
-ABC News’ Michelle Stoddart
25 dead in South Carolina
Hurricane Helene’s impact on South Carolina has been “devastating,” and the storm has claimed the lives of 25 people in the state, Gov. Henry McMaster said Sunday.
“We don’t want to lose any more,” McMaster said.
Nearly 1.3 million customers lost power in South Carolina at Helene’s peak. As of Sunday afternoon, more than 800,000 customers remain in the dark.
The governor emphasized that power companies are working around the clock to restore electricity. Thousands of workers are on the ground, but downed trees tangled in power lines are delaying efforts, he said.
-ABC News’ Jason Volack
FEMA sending more search and rescue teams to North Carolina
FEMA Director Deanne Criswell said the agency is sending more search and rescue teams to western North Carolina, where residents are facing “historic” flooding from Hurricane Helene.
“I don’t know that anybody could be fully prepared for the amount of flooding and landslides that they are experiencing right now. But we have had teams in there for several days. We’re sending more search and rescue teams in there,” Criswell told CBS’ Face the Nation.
Gov. Roy Cooper described Hurricane Helene’s damage in western North Carolina as “catastrophic.”
“This unprecedented storm dropped from 10 to 29 inches of rain across the mountains, leading to life-threatening floods and landslides,” he said Sunday.
Water systems have been impacted and some roads have washed away, hampering the ability for officials to set up food and water distribution sites.
“We have sent bottled water in, but we also have the Army Corps of Engineers that’s getting ready to start assessments today to see what we can do to help get those water systems back online quickly,” Criswell said.
“We’re also moving in satellite communications, Starlink satellites, into the area to help facilitate the lack of communication that part of the state is experiencing,” Criswell added.
(SANTA MARIA, Calif.) — Two people suffered non-life-threatening injuries from an explosion at the Santa Maria Courthouse in California, according to the Santa Barbara County Sheriff’s Office.
One person of interest — an adult male — was detained, Santa Barbara County Sheriff public information officer Raquel Zick wrote on social media.
Authorities believe the explosion was the result of an “intentionally set improvised explosive device,” Zick said.
People are urged to stay away from the area.
“Scene has not been deemed safe,” Zick wrote earlier on social media.
The courthouse is closed for the day and city buildings within one block of the courthouse are temporarily closed, said Mark Van de Camp, spokesperson for the city of Santa Maria.
This is a developing story. Please check back for updates.
(SPRINGFIELD, Ill.) — Newly released police body camera footage shows Sonya Massey interacting with police officers 16 hours before she was fatally shot in her Illinois home on July 6, when deputies responded to her 911 call of a suspected prowler.
In the course of the video, which was obtained by ABC affiliate WICS and is about 45 minutes long, an upset Massey is seen outside of a home on July 5, the day before Sean Grayson, the now-former Sangamon County deputy, shot her.
“I don’t know where they at,” Massey said in the video, referring to her children.
“They’re at their dad’s house,” an officer said to Massey. “They’re worried about you too. Everybody just wants you to be OK. That’s all it is.”
That encounter happened after Massey’s mother Donna called 911 to report that her daughter was having a mental health episode. In the video, Sonya Massey appeared to be troubled about the utilities being turned off at her home.
“When I got home, I ain’t got no hot water, ain’t got no lights,” Sonya Massey said in the footage. “I had to throw away all of the food.”
At one point in the video, Sonya Massey told officers she had been taking her medicine.
“When’s the last time you took your medicine?” one of the respondents asked.
“Last night,” Sonya Massey responded.
When Donna Massey called 911 on July 5, she pleaded with the law enforcement not to hurt her daughter.
“She’s been mentally, having a mental breakdown,” Donna Massey said on the 911 call obtained by ABC News. “She thinks everybody’s after her.”
Civil rights attorney Ben Crump was retained by Sonya Massey’s family soon after her death.
“Sonya Massey’s family is devastated by this new footage, which shows clearly that she was in the midst of a mental health crisis,” Crump told ABC News in a statement on Thursday. “Deputy Sean Grayson’s decision to use deadly force against a woman in distress remains inexcusable, unacceptable, and criminal. Grayson must continue to be held responsible for his actions that killed Sonya, who was in desperate need of help.”
Hours later, at 12:49 a.m. on July 6, Sonya Massey called 911 herself to report a disturbance.
“It sounds like somebody was banging on the side of my house. I don’t know,” Sonya Massey said when calling 911. “Could y’all come and see?”
Grayson, 30, and a second, unnamed Sangamon County Sheriff’s Office deputy responded to her 911 at her Springfield home.
Body camera footage showed Massey, who was unarmed, saying “Please, don’t hurt me,” to the two responding deputies once she answered their knocks on her door.
“I don’t want to hurt you, you called us,” Grayson said.
Seen later in the video, while inside Massey’s home as she searched for her ID, Grayson pointed to a pot of boiling water on her stove.
“We don’t need a fire while we’re in here,” he said.
Massey then poured the water into the sink.
“I rebuke you in the name of Jesus,” she said.
Grayson then shouted at Massey and threatened to shoot her, the video shows, and Massey apologized and ducked down behind a counter, covering her face with what appears to be a red oven mitt. She briefly rose, at which time Grayson shot her three times in the face, the footage shows. The former deputy failed to render aid.
Grayson said he feared for his life during his encounter with Massey, according to documents released by the Sangamon County Sheriff’s Office last month.
“While on scene, I was in fear Dep. [redacted] and I were going to receive great bodily harm or death. Due to being in fear of our safety and life, I fired my duty weapon,” Grayson wrote in his field case report.
Grayson is charged with first-degree murder, aggravated battery with a firearm and official misconduct. He is being held without bond and has pleaded not guilty.
According to police records, Grayson worked at six police departments in four years, was charged with two DUIs and was discharged from the army for serious misconduct. Grayson’s next court appearance is Oct. 21.
“The biggest question is: How did this man ever get hired in law enforcement?” James Wilburn, Sonya Massey’s father told ABC News in an interview in July. “But here’s a man who, in four years, he’s been in six different departments.”
ABC News’ Sabina Ghebremedhin and Kimberly Randolph contributed to this report.
