Musk Announces America Party After Feud with Trump over Spending Bill

Elon Musk announced the formation of the America Party, a third-party political vehicle, after a public falling-out with President Trump over the One Big Beautiful Bill's spending provisions. Musk had previously led the Department of Government Efficiency before departing; he objected to the bill's projected $3.3 trillion deficit addition. Trump responded by threatening tariff retaliation against Musk's Tesla and SpaceX government contracts.