Elon Musk, former head of the Department of Government Efficiency, wrote on X he was launching his third party, saying “When it comes to bankrupting our country with waste & graft, we

Musk previously threatened to start the new "America Party" last week, expressing his disapproval of Trump's "One Big Beautiful Bill Act" and declaring that he would form a new political party if it passed. This spending bill ultimately did pass, with Trump signing it into law on Friday, July 4.

President Trump commented on reports that Elon Musk plans to found a new political party called the "America Party after the GOP passed its "Big, Beautiful Bill." "He can have fun with it, but I think it's ridiculous,