Dimon Says Bond Turn Against U.S. Virtually Assured
Oct. 10 (Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon says bond markets would spurn U.S. debt if lawmakers fail to reach an agreement to address the nation’s deficit.
"It’s virtually assured" that markets would react that way, Dimon said today in Washington at an event held by the Council on Foreign Relations. He speaks with the council's president, Richard Haass. (This is an excerpt.) (Source: Bloomberg)