Trump to sign 'big, beautiful' bill on US Independence Day

Yahoo Finance
2025.07.04 09:40
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US President Donald Trump will sign his flagship tax and spending bill on Independence Day, featuring a ceremony with fireworks and a flypast by stealth bombers. The bill, which Trump calls 'One Big Beautiful Bill', was passed by Congress despite opposition and is expected to increase the national debt by $3.4 trillion while cutting health and welfare support. Critics warn it could lead to millions losing insurance coverage and rural hospital closures. The event marks a significant political victory for Trump, who aims to solidify his agenda ahead of the 2026 midterm elections.