Republicans are pumping the brakes on their self-imposed deadline to finish work on a sprawling tax and spending package, as they start negotiating the toughest parts of President Donald Trump’s agenda.
Republicans aim to enact their reconciliation package by July 4, Treasury Secretary Scott Bessent told reporters Monday. That’s less ambitious than Speaker Mike Johnson’s (R-La.) previous goal of sending Trump the bill by May 26. But House Republicans still plan to pass the measure through their chamber by then.
Bessent “says July 4 because that’s a big birthday for us,” Johnson said, but House Republicans “believe that we can ...