Skip to content

JPMorgan CEO Announces 'War Room' Preparations for Debt Ceiling Crisis

JPMorgan Chase & Co CEO Jamie Dimon revealed on Thursday that the bank's staff are holding weekly meetings to discuss the potential ramifications of a possible U.S. default for clients, contracts, and markets.

JPMorgan building
JPMorgan building

Daily "War Room" Meetings as Debt Ceiling Deadline Nears

Although Dimon does not anticipate the potentially "catastrophic" outcome of a U.S. default, he mentioned that daily "war room" meetings would likely be convened as the U.S. government inches closer to exhausting its funds to meet its obligations.