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Trump Slams Elon Musk's New Third Party, Calls Billionaire 'Train Wreck'
It didn't take long for President Donald Trump to respond after his former political partner, Elon Musk, announced he plans to form a third party.
After weeks of floating the idea following the very public and very acrimonious blowup of his relationship with President Donald Trump, Musk announced the so-called “America” Party was a go.
The announcement came Saturday afternoon, July 5, in a post on his X platform.
"Today, the America Party is formed to give you back your freedom," he wrote.
Just over 24 hours later, Trump hit back on his own platform, Truth Social.
"I am saddened to…
Inflation Ticks Up, Spending Slips As Trump's Tariffs Tighten Grip On Economy
Consumer spending cooled in May as inflation crept higher, signaling new pressure on Americans' wallets amid President Donald Trump's sweeping tariffs.
The Federal Reserve's primary inflation reading, the personal consumption expenditures price index, rose 0.1% in May to an annual rate of 2.3%, according to Bureau of Economic Analysis data released on Friday, June 27. Those increases matched ones forecasted by Dow Jones economists, CNBC reported.
Core inflation, which excludes food and energy, rose by 0.2% in May to 2.7%, slightly ahead of the 0.1% and 2.6% forecasts. Th…