New Delhi, July 4 -- With US President Donald Trump's tax and spending bill now heading to his desk for signature, attention should turn to whether billionaire Elon Musk will follow through on his pledge to create a new political party.

On July 1, shortly after the bill passed the Senate, Musk wrote on X, formerly Twitter: "If this insane spending bill passes, the America Party will be formed the next day. Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE."

That moment has arrived.

A "Big Beautiful" Bill set to become a law

House Republicans narrowly approved the "Big Beautiful Bill" in a 218-214 vote late Thursday (July 3), overcoming internal divisions and fierce Democratic...