Elon Musk launching 'America Party'

What happened

The feud between President Donald Trump and Elon Musk escalated over the weekend after the tech billionaire announced he is forming a new political party. In a post on X on Saturday, Musk said his America Party would "crack the uniparty system."

The move was in response to the passage of the GOP's budget bill, signed into law by Trump on Friday, which would "bankrupt the country," Musk said.

Who said what

Trump Sunday told reporters that his former ally's decision to bankroll a new party was "ridiculous.