GOP Confident on Passing "One Big Beautiful Bill" | JQJO

House Speaker Mike Johnson expressed confidence that Republicans will pass the "One Big Beautiful Bill Act" by the end of the week, despite earlier setbacks due to internal disagreements. The bill, encompassing President Trump's agenda and featuring significant tax cuts and Medicaid cuts, faces opposition from some GOP hardliners over Medicaid work requirements' starting date. The Budget Committee will reconvene to advance the bill, with a House floor vote planned before the Memorial Day deadline. Johnson hopes the Senate won't significantly alter the legislation, aiming for passage by July 4th to address the debt limit before a potential default. He acknowledged Moody's recent credit downgrade but emphasized the bill's importance in stabilizing the U.S. economy.