Elon Musk spends $277 million to back Trump and Republican candidates
CBSN
Elon Musk spent more than a quarter of a billion dollars to back President-elect Donald Trump and other Republican candidates, campaign finance records filed Thursday show.
The sum makes Musk, the world's richest person, the largest donor in the 2024 election cycle to either party, Federal Election Commission filings show.
The bulk of Musk's spending was through his own America PAC, to which he contributed $239 million. But filings also showed that Musk was also behind a political action committee using the late Supreme Court Justice Ruth Bader Ginsburg's namesake — "RBG PAC" — in advertisements with misleading claims that Ginsburg held views on abortion that were similar to Trump's.
President Biden on Monday signed into law a defense bill that authorizes significant pay raises for junior enlisted service members, aims to counter China's growing power and boosts overall military spending to $895 billion despite his objections to language stripping coverage of transgender medical treatments for children in military families.
It's Christmas Eve, and Santa Claus is suiting up for his annual voyage from the North Pole to households around the world. In keeping with decades of tradition, the North American Aerospace Command, or NORAD, will once again track Santa's journey to deliver gifts to children before Christmas 2024, using an official map that's updated consistently to show where he is right now.
An anti-money laundering law called the Corporate Transparency Act, or CTA, appears to have been given new life after an appeals court on Monday determined its rules can be enforced as the case proceeds. The law requires small business owners to register with the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1, or potentially pay fines of up to $10,000.