White House National Economic Chairman, Kevin Hassett, discusses the current status of the ongoing trade negotiations as the deadline for engagement windows is scheduled to close on July 9th.

As outlined by Kevin Hassett, we can expect those nations who are not in current negotiations will receive letters from President Trump letting them know that the baseline tariff rate (10%) and reciprocity rate (unknown) will be.  Large nations like India and China are currently in negotiations.  The EU collective has preliminary contact information, and a few others are in close proximity to Free Trade Agreement closure.

With the Big Beautiful Bill passed, in combination with baseline and reciprocal tariffs, the revenues to grow the GDP are in place to expand the overall U.S. economy.  WATCH:

[Transcript] – WEIJA JIANG: We turn now to Kevin Hassett. He is the director of the National Economic Council and one of President Trump’s top advisors. He’s also very popular on that driveway where I’m usually alongside about a dozen reporters. So, Kevin, thank you so much for your time this morning. I want to start with trade, because there’s a big deadline coming up on Wednesday. As you know, that 90-day pause on reciprocal tariffs that the President announced back in April is set to end. So far, the US has announced a few deals; the UK, Vietnam, and you’re inching closer to a final agreement with China. Do you expect to get any more deals done with America’s biggest trading partners by Wednesday?

KEVIN HASSETT: Yeah. First, I do have to take- take a pause and share your thoughts and prayers with the people of Texas. It’s an incredible, heartbreaking story, and Kristi Noem and the President have instructed the federal government to throw everything they’ve got at helping the survivors and helping clean up that place. So, anyway, I’m really heartbroken today to see these stories, and I want you to know that in the White House, everybody is putting every effort they can into helping the people of Texas today.

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Details around this are scant and unpredictable; however, White House Press Secretary previously said President Trump would be signing the historic Big Beautiful Bill today around 5:00pm.  RSBN livestream below.

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Huge win.  President Donald J Trump is officially unleashed.  Good stuff.

The final vote to pass the Big Beautiful Bill was 218 to 214.  The vote was almost entirely along party lines. Only Republican Reps. Brian Fitzpatrick (PA-Ukraine) and Thomas Massie (KY-Sea Isl) joined Democrats in opposition to the bill.

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Hang on to your bootstraps folks, your ability to withstand extreme winning is soon to be tested.

Who gets the first call?

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The House of Representatives has voted to advance President Donald Trump’s $3.3 trillion “big, beautiful bill” to its final phase in Congress.  After a long night of debate and amendment votes, the House is set to deliver the final vote this morning.

After it appeared to be derailed late Wednesday by hard-right holdouts, Republicans advanced the bill around 3:30 a.m. and are set to vote on final passage.  During the all-nighter, GOP leaders kept the procedural vote open for almost six hours as they worked to flip 12 votes. Rep. Brian Fitzpatrick (R-Pa.) was the lone Republican to vote “no” at the end.

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House Speaker Mike Johnson asked about what the White House is doing to support the passage of the Big Beautiful Bill.  Speaker Johnson notes the administration officials are working through the resistance.  WATCH:

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With the BBB back in the House of Representatives, Speaker Mike Johnson now has the difficult job to push the bill to a final floor vote and get it to President Trump’s desk.

Anticipating pushback and refusal of support from the House Freedom Caucus, earlier this morning President Trump sent a message via Truth Social drawing attention to the objective of the bill to generate economic growth:

PRESIDENT TRUMP – “Nobody wants to talk about GROWTH, which will be the primary reason that the Big, Beautiful Bill will be one of the most successful pieces of legislation ever passed. THIS GROWTH has already begun at levels never seen before. Trillions of Dollars are now being invested into the USA, more than ever before. Likewise, hundreds of Billions of Dollars in Tariffs are filling up the coffers of Treasury. The Tariff money has already arrived and is setting new records! We are growing our way out of the Sleepy Joe Biden MESS that he and the Democrats left us, and it is happening much faster than anyone thought possible. Our Country will make a fortune this year, more than any of our competitors, but only if the Big, Beautiful Bill is PASSED! As they say, Trump’s been right about everything, and this is the easiest of them all to predict. Republicans, don’t let the Radical Left Democrats push you around. We’ve got all the cards, and we are going to use them. Last year America was a “DEAD” Nation, with no hope for the future, and now it’s the “HOTTEST NATION IN THE WORLD!” MAKE AMERICA GREAT AGAIN!”

Meanwhile, as noted by Politico: “House Freedom Caucus members like Reps. Chip Roy (R-Texas) and Ralph Norman (R-S.C.) blasted the Senate’s bill Tuesday for adding to the deficit and softening clean energy tax credits. Roy and Norman both voted against the bill in the Rules Committee overnight.”

Speaker Johnson has to navigate the timing of the BBB reaching the floor, and in an effort to dissuade the concerns of the professional republican naysayers he is informing them of possible alternatives to changes in the current bill.  “In an interview on Fox News on Tuesday night, Johnson said the House will plan to do two more reconciliation bills during this session of Congress, which ends in 2026.”

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The final vote was 51-50, with Vice President JD Vance breaking a tie. Republican Senators Susan Collins, Rand Paul and Thom Tillis of North Carolina joined Democrats and voted no. WATCH:

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The Big Beautiful Bill now returns to the House for final vote and passage.

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President Trump notes the financial motives behind Elon Musk’s opposition to the Big Beautiful Bill.

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Musk has previously said his opposition to the bill stems from the fiscal spending and aggregate, unsustainable national debt issue.  However, as President Trump and NEC Director Kevin Hassett have noted, the debt issue is a combination of spending and growth.  The economic goals of the administration are to grow the economy at a GDP rate larger than 3%, while simultaneously using the Office of Management and Budget to curtail spending allotments from congress.

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White House National Economic Council Director Kevin Hassett appears on Fox News to outline some of the background details of the Big Beautiful Bill.  Interestingly, after happy Hassett outlines the specifics of the benefits within the bill, he dodges a question about possibly becoming the next Fed Chairman.   🤔…  A Happy Fed Chair?

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Senator Markwayne Mullin gives some details on the BBB as it is constructed.  In addition to walking through the top-line big perspectives, Senator Mullin also goes into some details on the more controversial provisions.  WATCH:

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