House advances ‘Big Beautiful Bill’ for Trump’s signature
By: Jeff Andrews | Published: 2025-07-03 18:48:00 | Source: www.housingwire.com
The White House has scheduled a signing ceremony for 9 a.m. ET Friday, which meets the July 4 deadline that Trump imposed on Congress to get the bill to his desk.
The vote came after House minority leader Hakeem Jeffries (D-N.Y.) broke the record for longest House speech in history at 8 hours and 44 minutes, as he charged the legislation with disproportionately benefiting the wealthy and adding trillions to the federal deficit.
The bill is sprawling in scope and dramatic in scale. It includes an extension of the tax cuts in the 2017 Tax Cuts and Jobs Act, with many additional ones as well. It makes deep cuts to Medicaid to the tune of almost $1 trillion over 10 years, and it cuts funding for the Consumer Financial Protection Bureau (CFPB) roughly in half.
The Congressional…
