Treasury Secretary Scott Bessent criticized Elon Musk 's new political party, saying the world's wealthiest man wasn't a popular part of the Trump administration. Asked about Musk's move, Bessent told CNN's Dana Bash that the ideas behind the administration's Department of Government Efficiency effort, also known as DOGE, were "very popular."

Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing on social media that he would form the America Party in response to the president’s sweeping tax cuts law.

Tesla and SpaceX CEO Elon Musk has confirmed the formation of a new political party in the United States, dubbed the America Party, following a highly publicized fallout with President Donald Trump. The announcement comes days after Trump signed into law a sweeping domestic policy bill that Musk had fiercely opposed,