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Elon Musk may donate at least $100 million to the US Republican Party, and the US House Speaker plans to meet with him.

1 hours ago

According to Politico, four sources familiar with the matter have revealed that U.S. House Speaker Mike Johnson plans to meet with Republican mega-donor Elon Musk in Texas this Friday. The meeting comes as Johnson campaigns for Republican candidates across Texas ahead of the midterm elections, marking the latest sign that GOP leaders hope Musk will contribute large sums to help the Republican Party retain control of Congress. Sources noted Musk’s schedule is subject to change, so the meeting could be adjusted at the last minute. Reports indicate the tech billionaire is considering donating at least $100 million to the GOP via his super PAC America PAC for this year’s midterms, though it remains unclear where the funds will ultimately go. Two of the sources added that some Republicans believe Musk is considering allocating part of the funds to key competitive House Republican districts.

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The Fed’s Goolsbee: Inflation Has Persisted Longer Than Expected

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