Sources told The Wall Street Journal he would like to call it the "Patriot Party.".
The report comes after Sen. Mitch McConnell blamed Trump for the Capitol riot.
Embittered by critical comments from some top Republicans, outgoing President Donald Trump is said to be considering a launch of a new political party, The Wall Street Journal reported on Tuesday.
Trump, with just hours left in his one-term presidency, would like to call it the "Patriot Party," The Journal reported, citing sources familiar with the matter.
The report came after Sen. Mitch McConnell, the top congressional Republican, delivered a speech Tuesday blaming Trump for this month's riot at the US Capitol.
In 1968, George Wallace, the far-right segregationist governor of Alabama, won five states while running as the nominee of the American Independent Party.
No third-party candidate has won a statewide federal election since, although numerous independents have been elected to Congress. »