Trump, Musk Feud Over New 'America Party'

Elon Musk has announced the creation of the 'America Party,' a new political group, following a public split with President Donald Trump over a major tax and spending bill that Musk argues will increase the national deficit. Trump has publicly criticized Musk's third-party initiative as 'ridiculous' and has taken to social media to attack Musk personally. The feud between the two former allies has escalated, with Musk vowing to challenge Republican lawmakers who backed the bill. Analysts warn that Musk's businesses, including Tesla, could face risks due to their dependence on government contracts and heightened market volatility. While some anti-establishment figures have voiced support for Musk's party, its potential to gain real political influence remains uncertain. The dispute underscores growing dissatisfaction with the U.S. two-party system and rising concerns over government spending.