US President Donald Trump will sign the 'One Big Beautiful Bill' on July 4, marking Independence Day. The bill includes tax cuts and defence and border security funding and was narrowly passed in both the House and Senate.

The U.S. House passed President Trump's massive budget bill on Thursday with a 218-214 vote, two days after the Senate narrowly passed the legislation, 51-50, with Vice President JD Vance giving the tie-breaking vote. Mr. Trump plans to sign the bill at the White House on Friday, July 4.

The Republican package would slash taxes, boost spending on immigration enforcement and the military, and impose steep cuts to Medicaid, SNAP and clean energy funding.