From ‘super genius’ to ‘CRAZY,’ President Donald Trump has changed his tune about SpaceX and Tesla CEO Elon Musk in a matter of months, while the tech mogul has backpedaled his support for the Republican Party and called for a new, third American political party instead. 

Musk unveiled the creation of the so-called ‘America Party’ after Trump signed into law his massive tax and domestic policy bill, which Musk staunchly opposed due to concerns that it would increase the federal deficit.

‘Today, the America Party is formed to give you back your freedom,’ Musk said in a July 5 X post. 

While there is an appetite for a third party in the U.S., Musk’s so-called America Party is not likely to pick up steam and the tech mogul would have better luck driving reforms in the Republican Party, according to experts. 

‘Elon’s effort will go nowhere,’ Republican strategist Matt Gorman said in an email to Fox News Digital. ‘But I don’t doubt it’ll make a lot of consultants rich in the process.’ 

Meanwhile, Gorman said candidates undoubtedly would prefer an endorsement from Trump over financial backing from Musk – the largest donor in the 2024 election cycle who contributed approximately $295 million to Republicans. 

‘If given a choice between a Trump endorsement or $20 million in ads from Elon, it’s not even a contest,’ said Gorman, who previously served as the communications director for the National Republican Congressional Committee. ‘They’d take the Trump endorsement every single time.’

Political columnist Kristin Tate said that while Musk was helpful in driving public support from wealthy Silicon Valley Americans for Trump, it’s unlikely these same tech leaders would abandon Trump and follow Musk instead. 

‘Trump is the beating heart of the Republican Party right now,’ Tate said in an email to Fox News Digital. 

‘Elon Musk would be better off trying to shape politics from within the Republican Party,’ Tate said. ‘A third party effort is doomed to fail. Most of President Trump’s supporters see the effort as hostile to Trump and will not support Musk. Meanwhile, all Democrat voters have been conditioned to despise Musk, so they will not support him either.’ 

Tate said Trump and Musk should attempt to repair their relationship because ‘both men bring something important and unique to the GOP. 

‘By leaving Trump, and the GOP generally, Musk will chisel off a small fraction of Republican Party voters – a fraction that will not be nearly big enough for his new party to win elections, but could be a spoiler for Democrats in elections with extremely tight margins,’ Tate said. 

Alex Keyssar, a history professor at Harvard Kennedy School of public policy, said that given dissatisfaction with the two-party system right now, it’s possible that more third-party candidates could win state and local elections. But it’s unclear if that would translate over to national elections because the rules governing elections and who may appear on ballots pose additional limitations for those candidates, he said. 

‘There’s a lot of popular sentiment looking for something else that is creating pressures for a third party,’ Keyssar told Fox News Digital. ‘In that sense, Elon Musk is on to something.’ 

Still, voters don’t appear interested in a third party affiliated with Musk. While 49% of U.S. voters said they would consider joining a third party, 77% said they weren’t on board if Musk created it, according to a new Quinnipiac University poll released Wednesday. 

Musk’s relationship with Trump first started to unravel, at least publicly, in May toward the end of Musk’s tenure overseeing the Department of Government Efficiency (DOGE). 

Shortly after Musk’s exit from DOGE, the two traded barbs over the ‘big, beautiful bill,’ where Musk said Trump wouldn’t have won the 2024 election without his backing. Likewise, Trump accused Musk of going ‘CRAZY’ over cuts to the electric vehicle credits that benefit companies like Tesla, and said Musk had been ‘wearing thin.’

Meanwhile, Trump isn’t counting on Musk’s political party taking off anytime soon, and told reporters July 6 that he believed another party ‘just adds to confusion.’ 

‘Third parties have never worked, so he can have fun with it – but I think it’s ridiculous,’ Trump said. 

Housing and Urban Development Secretary Scott Turner blasted Federal Reserve Chair Jerome Powell for spending billons of dollars renovating the Fed’s headquarters amid a housing crisis he said Powell is helping perpetuate.

The Federal Reserve’s headquarters has been undergoing a major renovation that has been plagued by cost overruns and now has a price tag of $2.5 billion. Meanwhile, the Trump administration faults Powell for not cutting interest rates, even with inflation seemingly under control.

‘It’s rich that an unelected bureaucrat like Powell is wasting billions of taxpayer dollars on building renovations while Americans struggle to buy homes due to high mortgage rates, which are directly impacted by his refusal to lower interest rates,’ Turner told Fox News Digital. 

HUD became the first Cabinet agency to announce a move out of Washington, D.C., with Turner reporting in June that the department was moving to the already existing National Science Foundation (NSF) in nearby Alexandria, Virginia. Turner said the move will free up millions in taxpayer funds that were spent on the massive, longtime HUD headquarters at D.C.’s L’Enfant Plaza that also included ‘health hazards, leaks, and structural and maintenance failures’ for staffers. 

‘HUD’s move isn’t about me – our workforce deserves to be in a building that is safe and that fits our workforce. NSF was never able to fully fill their building to occupancy and will move into a building that best fits their workforce. Instead of spending nearly a half-billion dollars on renovating 10 floors of basement with perpetual leaks, HUD and GSA are saving the taxpayers money – something that Chairman Powell, sitting in his ivory tower, thinks he is above – andputting Americans first,’ Turner continued. 

Speculation has swirled that President Donald Trump could try to oust the Fed chief ahead of his term officially ending in May 2026 due to his reluctance to lower the federal funds target rate, which would lower borrowing costs for Americans. The Fed in June held its benchmark interest rate range between 4.25%-4.5%, which Trump has argued stifles American economic growth. 

The Fed, which sets monetary policies and oversees banks, has said decisions on interest rates are rooted in its data-dependent approach to managing inflation and economic growth. It acts independently, meaning it does not require approval from the president or Congress when enacting policies. 

Trump has amplified his criticisms of Powell in recent weeks, arguing that he already should have lowered interest rates, while calling him a ‘numbskull’ along with the nickname ‘Mr. Too Late.’ At the recent NATO summit in Canada, Trump said during a press conference that Powell is ‘terrible’ and is a ‘very average mentally person’ who has a ‘low IQ for what he does.’

Trump said recent, over-budget renovations at the Fed headquarters, the Marriner S. Eccles Building, ‘sort of is’ a ‘fireable offense.’

‘I think he’s terrible. I think he’s a total stiff. But the one thing I didn’t see in him is a guy that needed a palace to live in,’ Trump told reporters last week.

‘You talk to the guy. It’s like talking to – nothing. It’s like talking to a chair. No personality, no high intelligence, no nothing. But the one thing I would have never guessed is that he would be spending $2.5 billion to build a little extension.’

Democrat lawmakers have slammed Trump’s attacks on Powell over the Fed building’s updates, including Massachusetts Sen. Elizabeth Warren taking a swipe at Turner for moving HUD to Virginia. 

‘If Trump were serious about lowering interest rates, he would rein in his chaotic tariffs,’ Warren said earlier this month during a speech at the Exchequer Club in D.C. ‘Instead, he is threatening to fire the chairman of the Federal Reserve. When his initial attempts to bully Powell failed, Trump and Republicans in Congress suddenly decided to look into how much the Fed is spending on building renovations.’

HUD is expected to save $22 million per year on operating and maintenance costs by moving out of the Robert C. Weaver Building, while the government is expected to pull in a hefty sum when the building is officially sold due to its prime location in the nation’s capital. 

The agency’s new home at NSF is anticipated to cost the government $35 per square foot, compared to the $86 per square foot at the Weaver building, including operations and maintenance, Fox Digital learned. 

The federal government had spent $90 million on repairs for the massive Weaver building in the last 15 years, Fox Digital learned, but the building has ‘deteriorated well beyond the point of cost-effective repair, creating significant financial obligations for the federal government if occupancy is maintained,’ HUD reported in June. 

The Federal Reserve on Sunday morning declined comment when asked about Turner’s remarks to Fox Digital.

The Fed’s website includes a frequently asked questions page regarding the building’s renovations, including underscoring that the Fed’s board ‘takes the responsibility to be a good steward of public resources,’ and is subject to a handful of safeguards to ensure transparency. 

 ‘The Federal Reserve Chair testifies to each house of Congress twice per year on monetary policy. During two sequential days of hearings, members of the House and Senate have the opportunity to question the Fed Chair on any topic, and then submit questions in writing after the hearings. As part of these hearings, the Federal Reserve publishes a semiannual Monetary Policy Report, detailing recent economic and monetary policy developments,’ the page states. 

Trump, who appointed Powell during his first presidential term, has meanwhile continued slamming Powell on social media for the current interest rates he said are ‘choking’ the housing market for Americans. 

‘Too Late,’ and the Fed, are choking out the housing market with their high rate, making it difficult for people, especially the young, to buy a house,’ Trump wrote on Truth Social Friday. ‘He is truly one of my worst appointments. Sleepy Joe saw how bad he was and reappointed him anyway.’

‘The USA is Rockin’, there is VERY LOW INFLATION, and we deserve to be at 1%, saving One Trillion Dollars a year on Interest Costs. I can’t tell you how dumb Too Late is – So bad for our Country!’

Fox News Digital’s Eric Revell and Amanda Macias contributed to this report. 

President Donald Trump celebrated six months since he was sworn into his second term on Sunday, saying that the United States has been ‘totally revived’ after being ‘DEAD’ under former President Joe Biden. 

‘Wow, time flies! Today is that Sixth Month Anniversary of my Second Term. Importantly, it’s being hailed as one of the most consequential periods of any President,’ Trump wrote on social media. 

‘In other words, we got a lot of good and great things done, including ending numerous wars of Countries not related to us other than through Trade and/or, in certain cases, friendship,’ he added on TRUTH Social. ‘Six months is not a long time to have totally revived a major Country.’ 

Trump continued: ‘One year ago our Country was DEAD, with almost no hope of revival. Today the USA is the ‘hottest’ and most respected Country anywhere in the World. Happy Anniversary!!!’ 

Trump’s first six months have been marked by a number of significant moments, particularly on the international stage.

After Iran-backed Houthis in Yemen ramped up attacks on shipping vessels in the Red Sea in late 2024, the Trump administration designated the group a foreign terrorist organization, reinstating a move that had been reversed under Biden.

U.S. and U.K. forces earlier this year pounded Houthi missile and radar sites as part of an operation to ensure freedom of navigation, and the Trump administration secured a ceasefire deal with the terror group in May.  

Trump intervened in the Israel-Iran war in June, ordering U.S. military strikes against Iranian nuclear facilities and infrastructure that pummeled Tehran’s capabilities and forced the regime into quick submission. 

Though Trump had promised on the campaign trail to end the Ukraine-Russia war within 24 hours, a peace agreement between the two sides has so far failed to materialize. 

Earlier in his second term, Trump had slammed Ukrainian President Volodymyr Zelenskyy for a perceived lack of gratitude for billions of dollars in U.S. support to his war effort under Biden’s presidency. Trump more recently has sharpened his criticism of Russian leader Vladimir Putin, slamming Moscow for the massive loss of life on both sides during the more than three-year-long conflict. 

Trump issued a new deadline in mid-July that Russia had 50 days to agree to a ceasefire or face ‘maximum tariffs.’ He also recently approved the sale of additional U.S. Patriot missiles to Ukraine. 

In its first six months, the Trump administration had also brokered a ceasefire between the Democratic Republic of Congo and Rwanda in late June. 

Beyond ‘ending numerous wars,’ Trump has celebrated other accomplishments during his first six months back in office, including securing the passage of his ‘big, beautiful bill,’ which made the 2017 Trump tax cuts permanent. The legislative package also earmarked funding for the president’s other initiatives, including for his mass deportation campaign and border security. 

On overseas trips and at home, Trump has repeatedly said the U.S. is the ‘hottest’ country, claiming to have restored America’s reputation both domestically and on the world stage with his ‘America First’ foreign policy. 

Delivering on his 2024 pledge to make the U.S. the ‘crypto capital of the planet,’ Trump on Friday signed landmark legislation that creates a regulatory regime for dollar-pegged cryptocurrencies known as stablecoins. 

Trump on Sunday also appeared to dismiss concerns that his administration’s handling of the Jeffrey Epstein files could cost Republicans control of Congress in the 2026 midterm elections and beyond. 

‘My Poll Numbers within the Republican Party, and MAGA, have gone up, significantly, since the Jeffrey Epstein Hoax was exposed by the Radical Left Democrats and, just plain ‘troublemakers’,’ Trump wrote in another post Sunday morning. ‘They have hit 90%, 92%, 93%, and 95%, in various polls, and are all Republican Party records. The General Election numbers are my highest, EVER! People like Strong Borders, and all of the many other things I have done. GOD BLESS AMERICA. MAGA!’ 

The Biden administration’s State Department authorized more than $1 million in taxpayer funds for renovating swimming pools at U.S. embassies and mission residences in war-torn countries such as Haiti, Sudan and Iraq, a report from Sen. Joni Ernst’s office found. 

‘The Biden State Department threw a blowout summer pool party on your dime,’ Ernst, R-Iowa, said in a statement provided to Fox News Digital.

‘Bureaucrats might think wasting millions is a drop in the bucket, but I am sick and tired of taxpayers getting tossed in the deep end by Washington,’ Ernst added. ‘I will continue working with the Trump administration to put a stop to the splashy spending of the Biden years.’  

Ernst’s office found that the State Department under the Biden administration authorized that two pools in Haiti, five in Iraq, three in Sudan, one in Russia, one in Zimbabwe and one in Ghana be renovated, totaling more than $1.2 million, according to the New York Post, which first reported on the pool renovations on Thursday. 

Taxpayers spent $41,259 to rehabilitate the pool at the U.S. embassy in Moscow in a contract inked three months after Russia invaded Ukraine in a war that has continued raging. The purchase order was dated June 3, 2022, through Aug. 15, 2022, after the war began in February that same year. 

The U.S. embassy in Baghdad was awarded a whopping $444,000 to replace its indoor dehumidification system for its pool in a contract that began on Sept. 27, 2024. While the U.S. Consulate in Erbil, Iraq received over $10,000 to conduct mechanical repairs to its pool, according to the Ernst report reviewed by Fox News Digital. 

In Sudan, taxpayers spent $24,000 in 2021 for the installation of a pool deck. Sudan has notably been under a State Department do not travel advisory ‘due to armed conflict, civil unrest, crime, terrorism, and kidnapping,’ with the embassy in Khartoum suspending operations in 2023 over the ongoing violent conflicts in the nation. 

Some of the contracts detailed in the report have not been fully paid out, such as a $173,000 award to conduct work on a swimming pool in Indonesia at the embassy in Jakarta. 

The federal government has previously been criticized for the amount of taxpayer funds spent on U.S. embassies overseas, including spending hefty sums on artwork under the Obama administration, Fox Digital reported at the time. 

U.S. embassies are primarily funded through congressional appropriations to the U.S. Department of State. 

Ernst’s report follows months of the Department of Government Efficiency reporting it has saved the federal government billions of dollars amid its ongoing investigations into various federal agencies in search of corruption, overspending and mismanagement. 

Secretary of State Marco Rubio has been at the forefront of gutting departments and programs under State’s purview, including shuttering USAID earlier in July for failing to ensure its programs actually supported America’s interests. 

‘This era of government-sanctioned inefficiency has officially come to an end. Under the Trump administration, we will finally have a foreign funding mission in America that prioritizes our national interests. As of July 1st, USAID will officially cease to implement foreign assistance. Foreign assistance programs that align with administration policies – and which advance American interests – will be administered by the State Department, where they will be delivered with more accountability, strategy, and efficiency,’ Rubio said in comment regarding shuttering USAID. 

President Donald Trump has been back in the Oval Office for a full six months as of Sunday, and is expected to keep a busy pace as he heads into his 27th week as commander-in-chief. 

‘Wow, time flies! Today is that Sixth Month Anniversary of my Second Term. Importantly, it’s being hailed as one of the most consequential periods of any President,’ Trump wrote on social media on Sunday. ‘In other words, we got a lot of good and great things done, including ending numerous wars of Countries not related to us other than through Trade and/or, in certain cases, friendship,’ he added on TRUTH Social. ‘Six months is not a long time to have totally revived a major Country.’ 

‘One year ago our Country was DEAD, with almost no hope of revival. Today the USA is the ‘hottest’ and most respected Country anywhere in the World. Happy Anniversary!!!’ 

Trump travels to Scotland

Ahead of Trump’s highly-anticipated trip to London in September, White House press secretary Karoline Leavitt announced that the president will travel to Scotland on Friday to visit Turnberry and Aberdeen, which are homes to Trump golf courses. 

He will also meet again with UK Prime Minister Keir Starmer to continue ironing out the U.S.-UK trade deal. 

‘During the visit, President Trump will meet again with Prime Minister Starmer to refine the great trade deal that was brokered between the United States and the United Kingdom,’ Leavitt said during a Thursday press briefing. 

‘The president and the first lady will travel to the United Kingdom for an official state visit from September 17 to September 19 later this fall. This will mark a truly unprecedented second state visit for President Trump and he is honored and looking forward to meeting with His Majesty the King at Windsor Castle,’ Leavitt added, previewing the president’s highly-anticipated trip to London. 

The UK’s monarch typically does not invite a U.S. president for a second state visit if they are re-elected to office, opting for more intimate meetings such as tea or lunch, making Trump’s second state visit unprecedented. 

Scotland holds a special place in Trump’s life, as his mother, Mary Anne MacLeod Trump, was born and raised in Scotland before moving to Queens, New York. 

The Trump Organization purchased the historic golf resort and hotel at Turnberry in 2014, and the Aberdeen golf club in 2012, which is set to open new course next month. 

Trump traveled to the same golf courses in July 2018 under his first administration. 

Tariff negotiations continue 

A 90-day pause on tariffs was set to end July 9, after Trump first announced reciprocal tariffs on foreign nations in April. The administration announced earlier this month that foreign nations now face an Aug. 1 deadline or face higher tariffs. 

Commerce Secretary Howard Lutnick told the media on Sunday that the next two weeks will showcase Trump delivering on his vow to roll out trade deals favorable to the U.S. economy. 

‘The next two weeks are going to be weeks for the record books. President Trump is going to deliver for the American people,’ Lutnick said on CBS’ ‘Face the Nation.’

‘They’re going to love the deals that President Trump and I are doing. I mean, they’re just going to love them. You know, the president figured out the right answer, and sent letters to these countries, said this is going to fix the trade deficit. This will go a long way to fixing the trade deficit, and that’s gotten these countries to the table and they’re going to open their markets or they’re going to pay the tariff. And if they open their markets, the opportunity for Americans to export, to grow the business, farmers, ranchers, fishermen, this is going to be…’ he continued before remarking the next two weeks would be ones ‘for the record books.’

Epstein grand jury testimony release

Trump directed Attorney General Pam Bondi last week to release grand jury transcripts in the case of Jeffrey Epstein after a memo released earlier this month concluded that there is ‘no credible evidence found that Epstein blackmailed prominent individuals,‘ or kept a ‘client list’ of such individuals after years of Trump surrogates vowing to reveal the Epstein’s alleged secrets. 

Longtime conservatives and supporters of Trump subsequently slammed the memo, and sounded off on social media that Epstein won’t ‘go away.’

‘Based on the ridiculous amount of publicity given to Jeffrey Epstein, I have asked Attorney General Pam Bondi to produce any and all pertinent Grand Testimony, subject to Court approval,’ Trump wrote on Truth Social late Thursday last week. ‘This SCAM, perpetuated by the Democrats, should end, right now!’ 

It is unclear if Bondi could convince a judge to release the grand jury testimony, but the Department of Justice reported on Friday that it formally moved to unseal long-secret grand jury transcripts. 

Deputy Attorney General Todd Blanche submitted the motion in Manhattan federal court, urging a judge to release the transcripts from Epstein’s 2019 grand jury proceedings and those from the prosecution of Epstein’s convicted associate, Ghislaine Maxwell, as part of a new transparency push by the department.

Epstein was a notorious predator who pleaded guilty to procuring underage girls for prostitution in 2008, before he was arrested in 2019 on new federal charges of sex trafficking minors and conspiracy to engage in sex trafficking of minors. He was found dead in his New York City jail cell in 2019 of suicide, according to Trump officials. 

Fox News Digital’s Bradford Betz and Jasmine Baehr contributed to this report.