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Jamie Dimon urges the U.S. to deal with its deficit sooner rather than later
JPMorgan Chase CEO Jamie Dimon on Wednesday urged the U.S. to reduce its fiscal deficit sooner rather than later, warning the issue will likely become “far more uncomfortable” if it continues to be overlooked. His comments follow a period of rapid interest rate hikes, tax cuts and massive stimulus programs designed to support the world’s largest economy during the coronavirus pandemic. “America has spent a lot of money. During Covid and after Covid, our deficit is at 6% now. That’s a lot, but obviously that drives growth,” Dimon said in an interview with Sky News. “Any country can borrow money and drive ... (full story)