WASHINGTON—Treasury Secretary Scott Bessent offered an update on budget reconciliation talks, suggesting that tax-related elements would be settled by July 4.
“The House is moving things along quickly, and the Senate is in lockstep,” Bessent told reporters on April 28 as he stood beside National Economic Council Director Kevin Hassett. “We think they are in substantial agreement.”
Congress’s reconciliation process allows the majority to advance a budget without being thwarted by a filibuster from the party in minority.
Timing matters as Republicans, who were elected into a majority in both chambers in November 2024, seek to deliver what President Donald Trump dubbed one “big, beautiful bill” full of his second-term agenda items on trade, deregulation, the border, and more....
