The billionaire and former Trump adviser suggested that if the domestic policy bill passed, he would swiftly form a new “America Party” and back primary challenges to Republicans.

(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,

Elon Musk is back on a tear against President Donald Trump's megabill, and is now threatening to oust Republicans who vote for it.

The Supreme Court will take up a Republican-led drive to wipe away limits on how much political parties can spend in coordination with candidates for Congress and president.

The U.S. Supreme Court agreed on Monday to hear a Republican-led challenge on free speech grounds to a provision of federal campaign finance law that limits spending by political parties in coordination with candidates running for office in a case involving Vice President JD Vance.

Senate Republicans can afford to lose no more than three of their own votes on the bill, but two already are opposed and others remained undecided.

At some 940 pages, the legislation is a sprawling collection of tax breaks, spending cuts and other Republican priorities, including new money for national defense and deportations