‘Real Problem’ debt for US bond markets, JPMorgan warns Dimon

Jpmorgan chase ceo Jamie Dimon As a result of the growing debt of the US government and budget deficiency, a new interview has been warned that the budget market has caused the problems of the budget market and promotes reforms.

Dimon is in an interview spread on Fox Business Network on Monday “Mornings with Maria“Host Maria Bartiromo was asked how much of $ 36 trillion and how to expand budget deficits.

“It’s a big thing, you know that this is a real problem, but one day … bond markets will have a difficult time,” Dimon said. “I don’t know if there are six months or six years.”

“Real attention to growth, business, business, proper regulation, reform, gaining skills in schools, gaining growth, gaining growth, this growth is the best way,” he said.

Home Peace Bag will increase budget deficits more than a decade of $ 2.3 trillion: CBO

“Some of them can be reformed in the correct way. The cost of this program In relieve the impacts related to the poor, elderly or diseases, those who are involved in diseases are also continuous while providing these programs.

“I think some reforms may occur. We do not benefit from poor people or sick people or older people.” “You just put rules in places that make more reasonable – you know, less fraud, less waste, less abuse.”

“I think that all this needs to do, then we can conquer this problem,” Dimon said the US government’s financial problems.

CBO says that the United States will increase by 156% of national debt GDP to expand budget deficit

The federal government is projected to work for about 2 trillion dollars Budget deficits It is historically historically, the last year’s last previous fiscal year was $ 1 trillion in the 2019 fiscal year.

Partially expanded due to social security and Medicare expenses on the aging of the American population.

The size and growth of the debt is also other primitive drivers of interest expenses on the national debt caused by higher interest rates. In the last fiscal year Interest expenses were a larger cost An arbitrary budget of the Defense Department, as well as Medicare.

Moody’s Downgred Or Credit Rating: What does it mean?

The difficult budget situation has been taken to the United States The credit rating was lowered Last month, with Moody’s ratings, the rating at the highest level, AAA, AA1 lowered.

The firm reflects the discount “increase in growth for more than a decade public debt and percentage rates to levels that are significantly higher than the same extent appreciated sovereignty. “

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“The consecutive US management and congress could not agree on measures to increase large annual financial shortcomings and increased interest expenses,” he said. “We do not believe that the existing financial proposals will be taken into account in regard to mandatory spending and shortcomings.”