CNN —During a closed-door lunch on Tuesday, JPMorgan Chase CEO Jamie Dimon told moderate House Democrats that Congress should abolish the debt ceiling, a person familiar with the matter tells CNN.
“Get rid of it,” Dimon told lawmakers of the debt ceiling, according to the source.
During the lunch, Dimon described the debt ceiling as an “unmitigated disaster” and urged lawmakers to reform it to prevent future crises, the source told CNN.
“If I had my druthers, I would get rid of it one day,” Dimon told reporters in comments aired by CNBC.
They are not a ten-foot giant,” Dimon told reporters after the lunch, speaking of China.
Persons:
Jamie Dimon, ” Dimon, Dimon, Annie Kuster, “, it’s, “ It’s, Jerome Powell
Organizations:
CNN, JPMorgan, Democrats, “, New Democrat Coalition, New, CNBC
Locations:
New Hampshire, United States, China, America