![]() Yellen has warned a default could cause an economic and financial “collapse,” putting payments to US bond investors, benefits recipients and federal contractors, among others, in jeopardy. With guidance from Miss Clara, an older, wiser woman. In reality, their marriage has become a war zone and their daughter is collateral damage. You have to then anticipate what people are going to do.”ĭimon has long advocated for the removal of the debt ceiling, which is a cap on government borrowing that affects the US’s ability to pay existing bills. Filled with heart, humor, and wit, WAR ROOM follows Tony and Elizabeth Jordan, a couple who seemingly have it all-great jobs, a beautiful daughter, their dream home. “It affects contracts, collateral, clearing houses, clients – it affects clients differently around the world. “I don’t think it’s going to happen - because it gets catastrophic, and the closer you get to it, you will have panic,” Chief Executive Officer Dimon said Thursday. The war room the bank’s been convening will likely meet more frequently - and potentially multiple times a day - as the clock ticks toward June 1, when Treasury Secretary Janet Yellen has said special accounting measures to make cash available could run out. The US inching closer to a potential default could spark panic among investors and affect other markets outside of the US, Dimon said. Congressional Republican leaders are demanding promises of cuts before they approve a higher debt ceiling, while President Joe Biden has insisted on a “clean” increase to the $31.4 trillion borrowing limit, with budget talks kept separate. Trump said during his first interview on CNN since 2016 that Republicans should continue to push for spending cuts and “do a default” if they don’t get them. War Room: Prayer Scene War Room Movie 99.7K subscribers Subscribe 2. “Anyone who’s anyone knows that is potentially catastrophic,” he said. Great movie Just watched it on vacation with my family So glad its coming to Riverton. “It’s one more thing he doesn’t know very much about,” Dimon said in an interview with Bloomberg Television Thursday, when asked about the former president’s comments. Turkey Markets Rally as Candidate Withdraws Days Before Voteįlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells Fargo Ken Griffin’s Hand-Picked Math Prodigy Runs Market-Making Empire Jamie Dimon Says US Needs to 'Finish' the Bank CrisisĮlon Musk Says He’s Stepping Down as Twitter’s CEO ![]() (Bloomberg) - JPMorgan Chase & Co.’s Jamie Dimon took a jab at Donald Trump for encouraging Republican lawmakers to dig in over raising the debt limit even if it means default - an outcome his bank is prepping for by convening a weekly war room. But after being featured in such movies as War Games and The Sum of All Fears. ![]()
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