BlackRock Halted Ukraine Fund Talks After Trump's Election Win
The fund, meant to be unveiled at next week's Ukraine Recovery Conference in Rome, was close to securing initial support from entities backed by the governments of Germany, Italy and Poland, the people said, declining to be identified discussing private information.
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New York Post
26 minutes ago
- New York Post
F-16 escorts plane out of area after airspace incursion near Trump's golf course
An F-16 U.S. fighter jet on Saturday intercepted a general aviation aircraft that violated a temporary restriction of the airspace over U.S. President Donald Trump's golf club in Bedminster, New Jersey, the U.S military said in a statement. The North American Aerospace Defense Command (NORAD) said the incident, which occurred around 2:39 p.m. (1839 GMT), marked the fifth unauthorized incursion of the restricted airspace on Saturday. A spokesperson confirmed the jet was an F-16. NORAD aircraft conducted a so-called headbutt maneuver to get the civilian pilot's attention and the aircraft was safely escorted out of the area, NORAD said in a statement. 3 An F-16 fighter jet departing Volkel Air Base. 3 Trump at Joint Base Andrews on June 21, 2025. AFP via Getty Images 3 Trump's Bedminster golf club in Bedminster, New Jersey. Splash News The White House had no immediate comment on the incident. NORAD has reported multiple similar incidents in recent weeks, and is urging general aviation pilots to check all notifications before taking off in the area.
CNN
39 minutes ago
- CNN
Musk says he is forming new political party after fallout with Trump
Billionaire Elon Musk said Saturday he is forming a third political party, after a dramatic falling out with Donald Trump, indicating he will make good on threats he made if the president's domestic policy bill became law. 'When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,' Trump's former 'first buddy' said on his social media platform, X. 'Today, the America Party is formed to give you back your freedom.' Musk, the largest individual donor to Trump's 2024 presidential campaign and, until recently, a close adviser to the president who spearheaded his administration's push to cut government waste, had criticized Trump's 'big beautiful bill' because of estimates that it would add trillions of dollars to the federal deficit. Musk's criticism of the bill was the catalyst for a major falling out between the two men last month. That feud seemingly cooled after Musk expressed regret and deleted the most incendiary social media posts he made about Trump, but it reignited in the last several days as the bill neared passage. Trump signed the bill into law on Friday. It's unclear to what extent Musk has taken steps to legally form the party, which would be required to register with the Federal Election Commission. The most recent FEC filings showed no indication that has happened. The world's richest man has indicated he wants a party that is fiscally conservative and reins in spending but has offered few other details about what the party's platform would be. Musk and Trump hold similar views on contemporary social issues. But Musk has argued the Republican policy agenda will increase the debt, calling it 'debt slavery.' The two-party system in the United States has long been criticized by both registered Democrats and registered Republicans, but efforts in the last century to form a third party have shown little success. Billionaire Ross Perot ran for president as an independent in 1992, winning nearly a fifth of the popular vote, but carried no states in the election, which was won by Bill Clinton. As CNN previously reported, experts in campaign finance and political science say it is financially and legally difficult to create a new party, and voters and candidates are hesitant to join. Musk said in other posts to social media this week that his party would become an active political force during next year's midterm elections and that it would initially focus on supporting candidates in just a handful of House and Senate races. Trump, in turn, has made his own threats against the man who at one point was his most visible adviser. The president said earlier this week the government may reconsider its massive contracts with Musk's companies and described the Department of Government Efficiency, which the billionaire previously helmed, as a monster that may 'go back and eat Elon.'
Yahoo
an hour ago
- Yahoo
Elon Musk launches ‘America Party' after Trump signs historic spending bill: 'Waste & graft'
Elon Musk says the two-party system is broken, and he just launched a new political party to prove it. On Saturday, Musk announced on X, the social media platform he owns, the formation of the "America Party," calling it a direct response to what he described as a corrupt political establishment that no longer represents the American people. The announcement followed a viral July 4 poll on X, where Musk asked whether voters wanted independence from what he called the "two-party (some would say uniparty) system." Elon Musk Indicates He'll Donate To Rep. Thomas Massie, A Republican Who Has Been Excoriated By Trump Over 1.2 million votes were cast, with 65.4% saying "yes." "By a factor of 2 to 1, you want a new political party and you shall have it," Musk posted Saturday. "When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom." Read On The Fox News App The move came just after President Donald Trump signed the "big, beautiful bill" into law Friday at the White House. The sweeping $3.3 trillion legislation includes tax cuts, infrastructure spending and stimulus measures and has drawn criticism from fiscal conservatives and libertarians. Though Musk did not reference the bill directly in his America Party posts, the timing suggests rising friction between the billionaire and the president. Musk has previously warned that unchecked spending by both parties threatens the long-term health of the economy. The new party, according to Musk's posts, will target a few key seats in Congress. The goal is to create a swing bloc powerful enough to hold the balance of power and block what Musk sees as the worst excesses of both Republicans and Democrats. Elon Musk Says Us Is Ruled By 'Porky Pig Party' As Trump Defends His Vision Against Former Ally's Criticism Some on the right voiced concern in the comments section that a third party could split the conservative vote and help Democrats win more easily. "Your third party will disproportionately take votes from the right vs the left and give the left an easier path to power," conservative commentator Shawn Farash posted. Others, like Joey Mannarino, urged Musk to focus instead on reforming the GOP from within. Critics also pointed out that the X poll was informal, not limited to American voters and vulnerable to bots. Third parties have traditionally had a difficult time gaining ground in American politics as the system is built for two dominant parties. With the Electoral College, winner-take-all elections and strict ballot access laws, outsiders cannot meaningfully compete. Even when a third-party candidate catches fire, it rarely lasts beyond a single election cycle. One of the biggest third-party efforts in recent history was Ross Perot's 1992 run. He earned nearly 19% of the popular vote as an independent but didn't win a single Electoral College vote. It was the closest a third-party candidate got to the White House after President Teddy Roosevelt's famed Bull Moose Party run in 1912 against his onetime protégé, William Howard article source: Elon Musk launches 'America Party' after Trump signs historic spending bill: 'Waste & graft'
