Yang announces new Forward party with other centrist groups

Andrew Yang announced Wednesday that his Forward Party is merging with a coalition of Republicans, Democrats and independents as part of an effort to give Americans an alternative to the two major parties.

Why it matters: Yang says the new party, known as Forward, is now the third-biggest political party based on resources. Founding members hope it will serve to bridge the stark divide in U.S. politics.

Details: The new party will be co-chaired by Yang and Christine Todd Whitman, the former Republican governor of New Jersey. Its founding base consists of members of the Renew America Movement (RAM), the Serve America Movement (SAM) and Yang's Forward Party, Reuters first reported.