Billionaire Elon Musk said Saturday he is forming a third political party, after a dramatic falling out with Donald Trump, indicating he will make good on threats he made if the president’s domestic policy bill became law.

The announcement from Musk comes a day after Trump signed a tax-cut and spending bill into law, which the billionaire had fiercely opposed.

Trump's One Big Beautiful Bill Act eliminates the $200 fee that gun owners are charged when purchasing silencers and short-barreled rifles, but it remains in effect for machine guns and explosive devices.

After nearly 20 hours straight of working the phones – using both threats and assurances to cajole Republicans into supporting his sweeping domestic agenda bill – President Donald Trump seemed to grow exasperated while watching coverage of the plodding floor process on television.

President Donald Trump spoke with Ukrainian President Volodymyr Zelenskyy after Russia launched a massive drone attack on Kyiv. NBC News' Raf Sanchez reports that the growing intensity of the conflict has frustrated Trump,

First lady Melania Trump appeared to mimic her husband's iconic 'Trump dance' on the White House balcony on Friday evening from which the couple watched an Independence Day fireworks display over the nation's capital.

President Donald Trump and first lady Melania Trump dance along to music as fireworks light up the National Mall in Washington, D.C.

Melania Trump surprised onlookers by joining Donald Trump in his signature “Trump Dance” during the July 4th celebration at the White House.