The Trump administration has set a new target date of July 4 for Congress to pass a sweeping package of tax cuts, spending reforms, and immigration changes, Treasury Secretary Scott Bessent announced Monday, according to The Hill.

Bessent and National Economic Council Director Kevin Hassett met with top Republican leaders, including House Speaker Mike Johnson, R-La., and Senate Majority Leader John Thune, R-S.D., as lawmakers returned to Washington to begin negotiations.

“The House is moving things along quickly, and the Senate is in lockstep. We think that they are in substantial agreement,” Bessent said. “We hope we can have this tax portion done by the Fourth of July.”

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