Jamie Dimon is worried—not so much about where interest rates are heading or even the economic outlook, but rather Washington’s impending standoff over the debt ceiling.
The head of the world’s most valuable lender, J.P. Morgan Chase, fears Beltway hardliners in Congress may risk a Defcon 1-style crisis in financial markets by bringing the country to the very brink of default on the $31 trillion it owes creditors.
