In a high-stakes briefing on Capitol Hill, Treasury Secretary Scott Bessent addressed the nation today, unveiling a timeline for the much-anticipated “big, beautiful bill” aimed at reshaping the economic landscape. With negotiations reaching a fever pitch, Bessent expressed confidence that both the House and Senate would converge on a solution within the next 24 to 48 hours, setting the stage for a potentially historic tax bill by July 4th.

As tensions mount over the details, Bessent emphasized that the success of the legislation hinges on bipartisan cooperation, despite looming concerns about its impact on the national deficit. Critics have warned that the bill could add trillions to the deficit over the next decade, a point that Bessent contested, citing differing opinions from Wall Street experts and the Treasury’s own forecasts.

The urgency of the situation was palpable as Bessent confirmed that President Trump remains deeply involved in the negotiations, signaling that the administration is prepared to make last-minute calls to sway hesitant lawmakers. “We’re here for the members,” he stated, underscoring the administration’s commitment to pushing the bill through despite significant hurdles.

Moreover, the Secretary acknowledged pressing issues surrounding Social Security solvency, indicating that these concerns would be addressed after the immediate economic challenges are resolved. With the clock ticking down to the proposed deadline, all eyes are now on Capitol Hill as the fate of this monumental legislation hangs in the balance.

As the nation awaits further developments, Bessent’s remarks have intensified scrutiny on both the bill’s potential benefits and its risks, setting the stage for a critical week in U.S. economic policy. Stay tuned for live updates as this story unfolds.