What is America Party? Elon Musk's new political front amid fallout with Trump; vows to fight debt, waste and two-party control

Elon Musk has announced the formation of the America Party after a public split with Donald Trump over a controversial tax-and-spending bill. Musk aims for the party to be fiscally conservative, targeting key Senate and House seats to influence legislation. Experts, however, remain skeptical about the viability of a third party in the US political landscape, citing historical challenges.