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.

T reasury 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."

Scaramucci has been a staunch critic of Trump since departing the White House in 2017, endorsing former Vice President Kamala Harris in the 2024 presidential race. He also had choice words for Musk, telling CNN earlier this year that the tech broligarch would do well to “lay off the gas on politics” and “stick to business.”