JPMorgan Chase CEO Jamie Dimon said he sees a “tough time” ahead for the bond market as Republicans work to pass a tax cut and domestic agenda bill that could add trillions to the national debt.

The Republican-controlled House passed its version of the bill last month, which would extend the last round of GOP tax cuts passed in 2017 and kick millions out of public healthcare and food assistance programs.

Final cost estimates for the House version haven’t been released by the Congressional Budget Office (CBO) yet, but it would add in the ballpark of $2.3 trillion to the national debt over nine years, according to a line item tally of major provisions in the legislation.

© The Hill