- JPMorgan CEO Jamie Dimon warned America’s $37.5 trillion national debt is unsustainable, cautioning that markets may one day refuse to fund borrowing without higher rates. While he praised Trump’s pro-growth policies, Dimon said tariffs and other measures won’t solve the deficit, arguing instead for a bipartisan effort akin to the Simpson-Bowles effort to reduce the deficit. He stressed that only faster growth—unlocked by lighter regulation and freer trade—can restore balance to the U.S.’s debt-to-GDP ratio.
President Trump has touted a range of unusual ways to bring America’s national debt into check: Charging millionaire immigrants for ‘gold card’ visas, his tariff regime, and the creation of the Department of Government Efficiency.
