Elon Musk Launches America Party Amid Political Rift

Elon Musk has launched the America Party as a political alternative to the traditional two-party system, following a public feud with President Donald Trump over a large federal budget bill. Musk announced the party's creation on his X platform after a poll showing strong public backing, and the party has since filed with the Federal Election Commission, naming Tesla CFO Vaibhav Taneja as treasurer. Musk, who previously supported Trump and led the Department of Government Efficiency, now aims for the America Party to target key Congressional races to hold the balance of power. The move has sparked criticism from Trump allies and Republican commentators, who warn it could split the conservative vote and benefit Democrats. Prominent figures in the crypto and business sectors have expressed mixed reactions, reflecting wider dissatisfaction with the current political system. The party's first major focus will be the 2026 Congressional races.