Trump admin updates: Trump says tariff letters to be sent to 'various countries' on Monday

President Trump will sign the megabill at 5 p.m. on Friday, which is also the Fourth of July, White House press secretary Karoline Leavitt told reporters during a background call shortly after the House passed the bill on Thursday.

Leavitt added that it will be a "big, beautiful signing ceremony" for the legislation that was originally called the "One Big, Beautiful Bill" by Republicans and the president, before Senate Democrats had the name stricken from the text.

Leavitt said that the legislation will restore “fiscal sanity” to the country.

-ABC News' Michelle Stoddart

The White House declared "VICTORY!" just after the House passed President Trump's megabill agenda on Thursday. The message came in a social media post from White House press secretary Karoline Leavitt as the bill will now head to the president's desk for signing.

Republican Reps. Thomas Massie and Brian Fitzpatrick were the two GOP no votes on Trump's spending bill.

All Democrats voted against the bill.

Fitzpatrick, who represents Pennsylvania, cited the Senate changes to the House bill as the reason he voted against the legislation.

"The original House language was written in a way that protected our community; the Senate amendments fell short of our standard. I believe in, and will always fight for, policies that are thoughtful, compassionate, and good for our community. It is this standard that will always guide my legislative decisions," he said in a statement.

The House on Thursday passed President Trump's major tax cut and spending bill in a 218 to 214 vote.

The legislation will now go to Trump's desk for his signature.

The final vote came after an overnight scramble by Speaker Mike Johnson to secure the necessary GOP votes to proceed, and then a record-breaking speech from House Democratic Leader Hakeem Jeffries that lasted for 8 hours and 44 minutes.

No changes were made by the House to the Senate version of the bill, despite some grumbling from House Republican hardliners over the Senate changes to Medicaid and the deficit. Some of those holdouts say Trump made promises to get their votes, including saying he'd make the bill "better" in the future.