In today's edition, Sahil Kapur breaks down the effect Elon Musk could have if he follows through with creating a third party. Plus, Scott Wong sits down with GOP Rep. Don Bacon of Nebraska for an exit interview. 

— Adam Wollner

Was this email forwarded to you? Sign up here to receive it weekdays.

Elon Musk has vowed to create the “America Party,” which he says will “fight the Republican/Democrat Uniparty” and be serious about reducing the national debt.

Musk’s breaking point from the GOP: passage of President Donald Trump’s megabill, which is projected to increase the national debt by $3.3 trillion over the next 10 years. 

Even if Musk files the paperwork to create the party, enormous hurdles loom. Gaining ballot access would be difficult in many states. Drawing in supporters would be daunting. And more broadly, breaking the two-party stranglehold on U.S. politics is easier said than done — as previous flirtations by groups like No Labels and national candidates like Michael Bloomberg taught them before they abandoned the pursuit.

But assuming for a moment that the world’s richest man marshals his resources to create the new party, what impact could it have? Recent national polls offer a clue about who is more likely to be attracted to it: Republican voters.

A Quinnipiac University national poll last month tested Musk's popularity: It found that he's viewed favorably by 62% of Republican voters but just 3% of Democratic voters. And in battleground Wisconsin, a recent Marquette University Law School poll found that three-quarters of Republicans have favorable opinions of him, compared with 1% of Democrats.

That suggests Musk has so thoroughly alienated Democrats that there’s little risk of their getting interested in his third party. But among Republicans? That’s a very different story. Both polls also found that Musk is considerably stronger with men than women, and the Wisconsin poll found that he’s more appealing to voters with incomes above $75,000 than those who make less.

So against the backdrop of a Musk-led party’s playing “spoiler” in a way that hurts Republicans, it’s no surprise Trump is unloading on him.

“I think it's ridiculous to start a third party,” Trump told reporters Sunday. “We have a tremendous success with the Republican Party. The Democrats have lost their way, but it's always been a two-party system. And I think starting a third party just adds to confusion.”

Do you have a news tip for our politics team? Tell us discreetly.

As the “big, beautiful bill” was making its way to President Donald Trump’s desk last week, Scott Wong sat down with Rep. Don Bacon of Nebraska, one of three Republicans to represent districts Kamala Harris carried last year.

Bacon said he didn’t have the “hunger” to seek a sixth term for his battleground House seat next year. But as he prepares to say goodbye to Congress, he made it clear he wasn’t quite ready to be completely done with politics. 

Here are the key takeaways from the interview:

Ambitions: Bacon, an Air Force veteran, cracked the door open to running for president in 2028 or Nebraska governor down the road. He said he wouldn’t run against Gov. Jim Pillen, a close friend who took office in 2023. He’s also interested in becoming defense secretary, though he’s not sure he would ever be picked.

“I got asked the other day, ‘You say you’re interested in being an executive — is that governor or president?’ I go, ‘Yes,’” Bacon said. “If there’s an opportunity and I can make a difference, a unique difference, I would like to keep serving. I just don’t want to do two-year elections.”

“I don’t think it would be very easily done,” he said of a White House bid. “All I know is I have a heart to serve our country, and I have a vision.”

2028 field: Bacon said he likes Virginia Gov. Glenn Youngkin and Secretary of State Marco Rubio as potential candidates. But he took a jab at Vice President JD Vance.

“He’s a contender. I like him personally, but I wish he saw the Russian threat a little better,” Bacon said.

Russia-Ukraine war: Bacon, who has been critical of Trump’s handling of the Russian invasion of Ukraine and his “appeasement” of Vladimir Putin, said whoever ordered the pause on weapons to Ukraine should be fired.

“President Trump has done worse than Biden [on Ukraine], and I’m embarrassed to say that,” Bacon said. “I don’t like it. He seems to have a blind spot with Putin. I don’t know what purpose it serves to withhold weapons to Ukraine and not see that Putin is the invader.”

Read the full interview here (with photos from Frank Thorp V) →

➡️ Texas floods: Fatal floods in Texas that left thousands scrambling for safety with little warning have sparked a fresh round of scrutiny of Trump administration cuts to the National Weather Service. Read more →

📦 Trade update: Trump extended a key tariff deadline to Aug. 1 while threatening new duties of up to 40% on certain countries. Read more →  

🤝 Bibi goes to Washington: Trump and Israeli Prime Minister Benjamin Netanyahu are scheduled to meet at the White House this evening to discuss a ceasefire deal that could pause fighting in Gaza. Read more → 

🔴 2026 watch: GOP Sen. Thom Tillis’ surprise retirement announcement has shaken up not only North Carolina’s Senate race, but also the broader fight for the majority in the Senate heading into next year’s midterm elections. Read more →

🔵 2026 watch, cont.: Democratic Gov. Tony Evers is expected to soon decide whether to seek a third term next year after he reached a budget deal with Republicans in the Wisconsin Legislature. Read more →

Follow live politics updates →

That’s all from the Politics Desk for now. Thanks to Dylan Ebs for helping compile today's newsletter.

If you have feedback — likes or dislikes — email us at politicsnewsletter@nbcuni.com.

And if you’re a fan, please share with everyone and anyone. They can sign up here.

Want to receive Breaking News & Special Alerts in your inbox?

Check out more NBC News newsletters.

Download the NBC News Mobile App

30 ROCKEFELLER PLAZA

NEW YORK, NY 10112

VIEW IN BROWSER | UNSUBSCRIBE | MANAGE SUBSCRIPTION | CONTACT | PRIVACY

To ensure delivery to your inbox add email@mail.nbcnews.com to your contacts