"The libertarian delusion is that there is a large political constituency for their ideology," Stephen Miller, White House deputy chief of staff for policy and homeland security advisor, posted to X, formerly Twitter, responding to Musk's call for a new party.

As Elon Musk threatens to float a new political party in protest against Donald Trump's massive spending bill, the spotlight turns to America's rigid two-party system, its history of third-party challenges,

(Reuters) -Billionaire Elon Musk reiterated his criticism of U.S. President Donald Trump's spending legislation on Monday, arguing that it underscores the need for a new political party. The Tesla chief slammed the "insane spending" of the bill,