Scott Bessent, the U.S. Treasury Secretary, assured that the country will not default on its debt, even as the deadline for raising the federal debt ceiling approaches.
The regulation known as the Supplementary Leverage Ratio garnered further attention following a selloff of U.S. debt in April following Trump’s “Liberation Day” tariffs.
Dimon, CEO of JPMorgan, expressed concerns about internal challenges facing the U.S., overshadowing tensions with China. He stressed the need to address mismanagement issues for 3% annual growth.
JPMorgan Chase CEO Jamie Dimon expects turmoil in the bond market, citing massive debt, $100 trillion daily financial flows and inflationary pressures ahead.
Dimon underscored the rising U.S. debt levels – at a 100% debt-to-GDP ratio and 7% deficit, he said this is the highest during peacetime in U.S. history.
