JPMorgan Chase CEO Jamie Dimon is warning that markets will panic as the United States nears a potential default on its bills next month. In a televised interview Thursday, Dimon said a default in the country would be “potentially catastrophic." "The closer you get to it, you will have panic," Dimon told Bloomberg. He added he believes lawmakers will ultimately act to prevent a default, but markets will start to react the closer the U.S. gets to the fiscal deadline. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for th
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