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Fortune • • business
Key Points:
- JPMorgan Chase CEO Jamie Dimon expressed optimism about the short-term economic outlook through 2026, citing strong consumer spending, job availability, and government stimulus measures, but warned of significant macroeconomic risks.
- Dimon highlighted government debt as a critical looming threat, emphasizing that large deficits in the U.S. and globally cannot be sustained indefinitely without consequences.
- The U.S. government ran a $601 billion deficit in the first quarter of fiscal 2026, with total interest payments on the national debt reaching $276 billion in the last quarter of 2025, raising concerns about fiscal sustainability.
- Experts warn that unresolved funding issues and rising deficits could push the U.S. toward a $2 trillion deficit in 2026, urging lawmakers
