**Breaking News: Urgent Economic Developments as Treasury Secretary Scott Bessent Addresses Capitol Hill**

In a high-stakes press conference on Capitol Hill, Treasury Secretary Scott Bessent unveiled critical insights regarding the much-anticipated “big, beautiful bill,” emphasizing that a resolution could emerge within the next 24 to 48 hours. As tensions rise over the proposed tax legislation, Bessent highlighted a successful lunch meeting with Senators, fueling optimism that the tax bill could be finalized by July 4th.

“This is a pivotal moment for our economy,” Bessent declared, stressing the administration’s commitment to pushing through significant trade and tax deals. However, he warned that court interference could jeopardize the substantial tariff income essential for funding these initiatives.

The urgency of the situation was palpable as Bessent addressed the looming concerns over the national deficit, with estimates suggesting an addition of up to $3 trillion over the next decade. He defended the administration’s stance against the Congressional Budget Office’s projections, asserting that economic growth would mitigate these concerns.

Bessent further acknowledged the pressing issue of Social Security solvency, stating, “We need to tackle the short-term mess before we can address long-term solutions.” His comments come amid growing scrutiny of the Biden administration’s fiscal policies, which critics argue have accelerated Social Security’s financial challenges.

As the clock ticks down, Bessent’s assurances of collaboration between the House and Senate signal a potential breakthrough. “We’re in a good spot,” he stated, hinting at the administration’s proactive measures to rally support among lawmakers.

With the pressure mounting and deadlines approaching, all eyes are on Capitol Hill as the future of this pivotal legislation hangs in the balance. Will the “big, beautiful bill” emerge victorious, or will it face insurmountable obstacles? Stay tuned for live updates as this story unfolds.