Detroit Mayor Mike Duggan co-wrote an editorial with JPMorgan Chase & Co. CEO Jamie Dimon emphasizing the importance of government-business partnerships in rebuilding cities. http://www.mlive.com/news/detroit/index.s...
Jamie Dimon: 'It would be immoral for the U.S. to stop paying its debts,' Dimon said Thursday evening in an interview before a scholarship dinner for the University of Colorado Denver Business School. 'The U.S. is the foundation of the financial system of the world.'
Congress has until Aug. 2 to raise the nation's debt ceiling so the U.S. Treasury Department can keep borrowing.
'When you are two or three weeks out, you will see terrible things happen,' he said. 'I wouldn't wait too long if I were some of these politicians.'