Tech billionaire Elon Musk said Saturday he has officially formed the “America Party,” a third political faction to rival Democrats and Republicans. “By a factor of 2 to 1, you want a new political party and you shall have it. When it comes to ...

Elon Musk's attempt to launch the "America Party" faces significant hurdles, with polls indicating widespread public opposition and low favorability ratings. Surveys reveal that a vast majority of Americans are against Musk forming a third party to challenge the Democrats and Republicans.

LinkedIn cofounder and top Democratic donor Reid Hoffman said he's "very sympathetic" to Musk's core cause of reining in deficits.

Former DNC Chair Donna Brazile, former RNC Chair Reince Priebus, Neera Tanden from the "Center For American Progress," and National Review editor Ramesh Ponurru join ABC's Jon Karl on "This Week" roundtable.