JPMorgan Chase CEO Jamie Dimon: Government default would be ‘catastrophic’ ahead of funding deadline

JPMorgan Chase CEO Jamie Dimon on Sunday said that a government shutdown and default would be "catastrophic," and that Republicans and Democrats should reach a spending agreement sooner rather than later ahead of Friday’s deadline. 

Dimon made the comments during an interview on CBS’ "Face the Nation" while saying he was hopeful that a split Congress could still be productive.

"There are a lot of examples in history, under George W. Bush, Obama, Clinton, where when he had divided Congress actually got a lot of good things done," Dimon said.