Musk announces new political party

WASHINGTON — The dispute between Republican President Donald Trump and his main campaign financier Elon Musk took another fractious turn on Saturday when the space and automotive billionaire announced the formation of a new political party, saying the "big, beautiful" tax bill would bankrupt the US.

"Independence Day is the perfect time to ask if you want independence from the two-party (some would say uniparty) system," Musk wrote in Friday's post announcing the poll.

More than 65 percent of the 1.2 million respondents backed the idea.