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

Posted on AllSides December 12th, 2022
From The Right
AP Photo/Michel Euler, Pool, File / AP Newsroom

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.

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