Andrew Yang planning to launch third party

Former Democratic presidential and New York City mayoral candidate Andrew Yang is planning on launching a third party, two people familiar with the situation told Politico. 

Neither the name of the third party nor its plans to impact future elections have been revealed, but it is set to start when Yang’s book is released on Oct. 5, the sources told Politico.

His book, called "Forward: Notes on the Future of Our Democracy,” is promoted to be about moving past the country’s “era of institutional failure,” according to its publisher.

Yang gained national attention when he ran to...