Recession Looms? Trump Adviser Sounds Alarm Over Bill Deadline

President Trump’s top economic adviser issued a stark warning Thursday night, saying the U.S. could plunge into recession if Congress fails to pass the administration’s sweeping domestic policy package—dubbed the “big, beautiful bill”—by July 4. Stephen Miran, chair of the White House Council of Economic Advisors, told NewsNation that delayed passage could trigger a historic $4 trillion tax hike, halt business investment, and lead to job losses and lost health coverage for millions. While the House has approved its version, Senate negotiations continue amid skepticism from some economists over the bill’s cost and projected impact. The White House remains adamant: get the bill on President Trump’s desk by Independence Day.