The U.S. Senate passed President Donald Trump’s $1.4 trillion spending bill on Wednesday, representing a critical milestone in the legislative process for funding federal agencies for the upcoming fiscal year. The measure, which cleared the Senate with bipartisan support, now moves to the House of Representatives, where lawmakers are expected to take up the legislation in the coming days. President Trump has set a July 4th deadline for final approval, putting pressure on Congress to expedite the process.
Council of Economic Advisers Chair Stephen Miran joined the ‘America Reports’ program to discuss the implications of the spending bill and the next steps in the legislative process. Miran emphasized the importance of the bill in supporting Trump’s economic agenda, including tax cuts and deregulation efforts. The bill is expected to provide funding for various federal programs, though it faces criticism from some lawmakers and advocacy groups for its potential impact on the federal budget.