00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Elon Musk announced the formation of the America Party on Saturday,
00:05claiming it will restore Americans' freedom, CNBC reported.
00:08The move followed a poll Musk posted on X,
00:11in which he stated that support for a new party was two to one.
00:14Musk indicated that the party could target a handful of Senate and House races to influence
00:18close votes, although it has not yet been registered with the Federal Election Commission.
00:22He said it would caucus independently and engage both parties in legislative talks.
00:26Musk donated over $280 million during the 2024 presidential campaign.
00:31Most of the money went to Trump, with some also supporting other Republican candidates.
00:35The two once aligned over government cuts,
00:37but Musk now denounces Trump's policies as excessive and fiscally reckless.
00:41For all things money, visit Benzinga.com.
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