President Donald Trump's newly signed One Big Beautiful Bill is facing strong public backlash, with new polling showing that his approval rating for the sweeping measure has dropped underwater just days after he signed it into law.

A tax and spending package Trump signed July 4 nearly halves the watchdog's annual funding. Resources may be stretched to police consumer financial laws.

President Trump on Friday signed his signature tax and spending legislation, the "big beautiful bill," into law, meeting a July 4 deadline that at times appeared out of reach. Why it matters: It's a huge achievement for Trump and congressional Republicans that will reshape federal fiscal policy for years to come.