President Donald Trump got his wish, signing the much-debated "Big, Beautiful Bill" on July 4. The spending bill passed the House of Representatives on July 3 by a vote of 218-214.

President Trump on Friday signed his signature tax and spending legislation, the "big beautiful bill," into law, meeting a July 4 deadline that at times appeared out of reach. Why it matters: It's a huge achievement for Trump and congressional Republicans that will reshape federal fiscal policy for years to come.