The Guardian

Trump news at a glance: Elon Musk announces new political party targeting sway in Congress

by The editor•6 July 2025

Musk, the world’s richest man, only departed from the White House this May but has been critical of Trump’s signature policy bill – key US politics stories from Saturday 5 July

The fallout between the US president, Donald Trump, and tech billionaire Elon Musk has reached a new low, with Musk declaring this weekend that he will bankroll a new political party to rival the president.

Musk, the world’s richest man, only departed from the White House this May but has been critical of Trump’s signature policy bill, which he has described as “utterly insane and destructive”.

The editor

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Mamdani referenced ‘seizing the means of production’ in ‘21
Ask PolitiFact: How will the Republican megabill affect Social Security’s future solvency?
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TikTok posts - No, Donald Trump did not close US borders ‘with no set reopening date’ starting July 1
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GOP bill's Medicaid, ACA cuts will raise health care costs
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