The dispute between U.S. President Donald Trump and Elon Musk took another turn on Saturday when the space and automotive billionaire announced the formation of a new political party, saying Trump's 'big,

Elon Musk called President Trump’s spending bill the “Debt Slavery Bill” on X in June, saying it would raise the debt ceiling by $5 trillion. The debt ceiling sets the legal limit on how much money the federal government can borrow.