Larry Summers isn’t a fan of President Trump’s “One Big, Beautiful Bill.” The former treasury secretary, who was appointed by former President Bill Clinton, told ABC News ’ This Week that he has “never been as embarrassed for my country on July 4th” after Trump signed the sweeping legislation into law on Friday.

After delivering a speech highlighting the destruction of Iranian nuclear facilities, his supporters in Congress and elements of the “Big Beautiful Bill”, President Trump signed his first legislative victory of his second term.

President Donald Trump and First Lady Melania Trump hosted an Independence Day picnic for military families on the South Lawn of the White House on July 4, 2025. During the event, Trump signed House Resolution 1,