• The signing ceremony for President Trump’s major tax-and-spending bill has been postponed to 5 p.m. tomorrow due to ongoing legislative wrangling.
  • House Speaker Mike Johnson cited late-night negotiations to secure near-unanimous GOP support, with only one holdout remaining.
  • Trump acknowledged the delay but emphasized the bill’s passage remains a top priority, despite missing the original July 4 target.

Legislative Hurdles Push Back Signing

President Donald Trump’s high-profile tax-and-spending bill signing, initially slated for July 4, will now take place at 5 p.m. tomorrow as congressional leaders scramble to finalize procedural support. The delay follows intense negotiations led by House Speaker Mike Johnson, who worked late into the night to address Republican holdouts. Sources close to the discussions confirm that all but one GOP member have now backed the bill’s procedural path forward.

Trump, who has personally engaged with lawmakers, downplayed the delay in remarks to reporters, calling it a minor setback. “We’re getting it done—this is how legislation works,” he said, though he notably criticized the remaining holdout as “not good people.” The White House has yet to confirm whether last-minute amendments will be introduced before the rescheduled signing.

Market and Political Implications

The postponement introduces short-term uncertainty for markets, particularly in sectors anticipating tax adjustments. Analysts suggest the delay reflects broader challenges in marshaling narrow congressional majorities for complex fiscal packages. “This isn’t unusual for landmark bills,” noted one policy strategist, pointing to similar delays during the Affordable Care Act debates.

Behind the scenes, aides describe a frenetic push to lock down votes, with Trump allies emphasizing the bill’s economic stakes. A senior administration official, speaking anonymously, said the timeline shift was “a tactical move” to ensure smoother passage. Meanwhile, Democrats have seized on the GOP’s internal divisions, framing the process as chaotic.

Correction: An earlier version misstated the number of GOP holdouts; one member remains opposed.