Author: Tamsin Paternoster
Published on: 04/06/2025 | 00:00:00
AI Summary:
Elon Musk has slammed Trump's plan to cut taxes and spending. The bill allows the US government to borrow more money and extends tax breaks. Musk said the bill will "massively increase the already gigantic budget deficit" Musk spent $250 million supporting Trump's campaign last year. He left the door open to political involvement "if I see a reason" some Republican lawmakers echoed Musk's concerns, with Kentucky Senator Rand Paul writing on X. Lee Jae-myung was elected president early on Wednesday in a victory that would cap months of political turmoil triggered by the stunning but brief imposition of martial law by now-ousted conservative President Yoon Suk Yeol. With over 99% of votes counted, Jae's victory was over 49.3%, while main conservative contender Kim Moon Soo trailed with 41.3%. Nearly 80% of the country's 44.4 million eligible voters cast ballots, according to an interim t the president-elect rose from childhood poverty to become South Korea's leading liberal politician. It’s not immediately clear what Jae-myung’s election would mean for Seoul’s foreign policy. He has previously been accused by critics of tilting towards China and North Korea. Lee Jae-myung has been a contentious figure in the political arena for many years. As a former child labourer, known for his inspirational ‘rags-to-riches’ story, he gained prominence by sharply criticising the conservative establishment of the nation.
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