Trump signs "big, beautiful bill" in July 4 victory lap
Why it matters: It's a huge achievement for Trump and congressional Republicans that will reshape federal fiscal policy for years to come. The megabill cuts funding for social safety measures, extends tax cuts —primarily for the wealthy — and finances Trump's immigration agenda.
Driving the news: Trump signed the measure as part of a highly staged White House Independence Day celebration featuring a bomber jet flyover and the annual fireworks on the National Mall.
What they're saying: Trump called the bill "the greatest victory yet" while addressing a crowd at the White House in a speech saying his administration has kept its promises.
"This is the single most popular bill ever signed," he said despite polls showing it's deeply unpopular.
He also praised the Iran mission and "unmatched" military, which he talked about rebuilding and modernizing.
Catch up quick: The House narrowly cleared the bill for Trump's signature Thursday after it passed the Senate two days earlier.
Both moderate and conservative House Republicans called for adjustments to the bill after the Senate made changes, but none were made before the final vote.
State of play: The legislation slashes food and health benefits for the poorest Americans, which could lead to overcrowded emergency rooms, an increase in chronic health care issues, more medical debt and ballooning hunger.
Meanwhile, it boosts funding for immigration enforcement, allowing the administration to approximately double immigrant detention capacity and hire significantly more enforcement personnel.
Behind the scenes: Polling from throughout June showed that Americans largely disapprove of the megabill.
Ahead of midterm elections, Republicans plan to message their legislative victory by branding Democrats' opposition as voting to raise taxes on small businesses and American families.
Democrats have their own campaign planned based around their opposition to the bill, which they're planning to make a centerpiece of their strategy for taking back the House in 2026.
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