"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.

The Republican-led House narrowly passed President Donald Trump’s sweeping tax and spending bill late early Thursday morning, sending the package to the Senate where it is likely to be revised.