Third party established in US

Dozens of former Republican and Democratic officials announced on Wednesday a new national political third party, Report informs, citing Reuters.

The main purpose of creating a new party is to appeal to millions of voters they say are dismayed with what they see as America's dysfunctional two-party system.

The new party, called Forward, will initially be co-chaired by former Democratic presidential candidate Andrew Yang and Christine Todd Whitman, the former Republican governor of New Jersey. They hope the party will become a viable alternative to the Republican and Democratic parties that dominate US politics, founding members told Reuters.