"There is a serious risk of a bond market crisis that could lead to a wider financial crisis," one economist said of the bill.

The House passed the “Big Beautiful Bill Act” in the wee hours of Thursday after more than seven hours of debate on the floor — and that doesn’t include the nearly 22-hour hearing beforehand that lasted the entirety of Wednesday.

President Trump's domestic policy bill, dubbed the One Big Beautiful Bill Act, was passed by the House of Representatives in a 215-214 vote early Thursday morning. The vote comes after days of negotiations among legislators.