Musk Threatens Third Party Over Trump Spending Bill

Elon Musk has sharply criticized President Donald Trump's proposed 'One Big Beautiful Bill,' claiming it could increase the national debt by up to $5 trillion. Musk has threatened to create a new 'America Party' if the bill becomes law, arguing the nation needs an alternative to the Democrat-Republican 'uniparty.' He accused Republican lawmakers of hypocrisy and vowed political retribution against those supporting the bill despite their fiscal responsibility pledges. The White House dismissed Musk's political ambitions as a 'libertarian delusion,' noting libertarian parties' lack of national traction. The bill, central to Trump’s second-term agenda, is sparking rare bipartisan controversy in Congress over its fiscal and social impacts. Despite Musk’s threats, there are no concrete steps yet toward forming a viable third party.