The legislation would raise the debt ceiling by $5 trillion, going beyond the $4 trillion outlined in the initial House-passed bill. Congress faces a deadline to address the debt limit later this summer. : President Trump holds an event to sign his "one big, beautiful bill"Friday, July 4, 2025After 4 p.m. ET White House Live on CBS News in the player above and on your mobile or streaming device. Kathryn Watson Kathryn Watson is a politics reporter for CBS News Digital, based in Washington, D.C.
