The Hill
BY CELINE CASTRONUOVO – 09/28/21 07:05 PM EDT
JPMorgan Chase CEO Jamie Dimon said that the multinational investment bank has started to prepare for a “potentially catastrophic” situation in which the United States could default on the national debt.
Dimon said in a Tuesday interview with Reuters that while the country’s largest lender has previously planned for such a scenario, and “every single time this comes up, it gets fixed,” he argued that the country “should never even get this close.”
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