As Congress approaches the July Fourth deadline for President Trump’s megabill, Senate Republicans are finalizing critical components of the legislation, with a potential vote slated for this weekend. Treasury Secretary Scott Bessent described the bill as crucial for the economy. House Speaker Mike Johnson noted productive discussions among senators, emphasizing closeness to finalizing tax-related issues. Although optimism surrounds the bill's passage, challenges persist, including the Senate parliamentarian's rejection of a substantial Medicaid provision, limiting the voting margin for Republicans in the face of unified Democratic opposition.
Senate Republicans are on the verge of passing President Trump's megabill, with a crucial vote expected over the weekend after resolving key issues.
Treasury Secretary Scott Bessent highlighted the significance of the bill as the "single most important economic thing we're going to do this year."
House Speaker Mike Johnson expressed optimism about finalizing the legislation, indicating that the Senate's version is nearly complete with a focus on tax provisions.
Despite nearing completion, the bill faces hurdles including a rejected Medicaid provision and a narrow margin for Senate Republicans to secure votes.
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