President Trump on Friday signed his signature tax and spending legislation, the "big beautiful bill," into law, meeting a July 4 deadline that at times appeared out of reach. Why it matters: It's a huge achievement for Trump and congressional Republicans that will reshape federal fiscal policy for years to come.

President Trump and GOP leaders have imposed a deadline to get the bill signed on the Fourth of July. However, even the commander in chief — who has worked hard to whip his narrow majority