Stephen Miran, chair of the White House Council of Economic Advisors, warned Thursday about the economic implications of not passing President Trump's domestic policy bill by the deadline given by the White House.

While in discussion with NewsNation's Blake Burman on "The Hill," Miran suggested the U.S. could face a recession if Congress fails to pass the "big, beautiful bill" by July 4.

Markets, companies and CEOs are currently confident in Congress's ability to get the legislation over the finish line, "but if that confidence starts to ebb, that will seep into the economy," Miran warned. "If people start to think, 'Hey, this thing is dragging on,' we might have........

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