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White House sets new July 4 deadline for Trump tax agenda

  • The Trump administration has set a target date of July 4 for Congress to pass a tax, spending, and immigration reform package, announced by Treasury Secretary Scott Bessent.
  • Bessent stated that the House is moving quickly while the Senate is in agreement, hoping to finalize the tax agenda by the Fourth of July.
  • The package aims to make the 2017 tax cuts permanent and may include a $4 trillion debt ceiling increase to prevent a U.S. default as the 'X date' approaches.
  • Bessent emphasized that the administration will act to prevent a debt default, asserting, 'The U.S. will never miss the X date.
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GOP looks to advance Trump's agenda bill

Treasury Secretary Scott Bessent said he hopes the bill on border, defense energy and tax cuts can be done by July 4.

·United States
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  • 43% of the sources are Center, 43% of the sources lean Right
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Bloomberg broke the news in United States on Monday, April 28, 2025.
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