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The Independent UK
The Independent UK
Rhian Lubin

Trump and Musk’s DOGE efforts to cut spending ‘need to be done,’ says JPMorgan CEO Jamie Dimon

Jamie Dimon Elon Musk DOGE United States Donald Trump

The CEO of JPMorgan Chase, Jamie Dimon, said that cuts carried out by Elon Musk’s Department of Government Efficiency “need to be done.”

Dimon, a fellow billionaire, agreed with Musk that the U.S. government is “inefficient” but refused to give what he said was a “binary” response over whether he supports the way DOGE has gone about aggressively gutting federal agencies.

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