Washington — President Trump brought pomp and circumstance to his signing of the " big, beautiful bill " on Friday, with an Independence Day ceremony at the White House that included a B-2 bomber flyover.

The sweeping bill that will cut taxes and impact funding to social programs was passed in the House by a vote of 218-214 on Thursday, July 3.

New law reduces the number of federal student loan repayment options and caps how much individuals can borrow for higher education.