JPMorgan Chase CEO Jamie Dimon on Tuesday called the government shutdown “a bad idea,” but also said he didn’t know if previous shutdowns impacted the economy or market “in a real way.”
“I don’t like shutdowns, I think it’s just a bad idea. And I don’t care what the Democrats, Republicans say, it’s a bad idea. It’s not a way to run a railroad,” Dimon said during an interview with Bloomberg.
“We’ve had — I forgot the number — four or five or six. You know, one went for 35 days. I’m not sure any one really affected the economy,” he added.
The federal government shut down last week in the wake of congressional leaders failing to come to a deal on a stopgap spending bill, with lawmakers largely not budging on their demands since.
On Monday, President Trump urged Democrats to reopen the government, saying he would only discuss a possible deal on extending health care tax credits once they backed the GOP’s continuing resolution (CR).
Sen. Bernie Sanders (I-Vt.) said Monday that Trump could “literally collapse” the American health care system in the process.
“I don’t mean to be overly repetitive, we have a broken health care system, everybody knows that. And Trump is not wrong, when he says the system is not working very well. But he is making it far worse,” Sanders told CNN’s Kaitlan Collins on “The Source.”
“And honestly, as the former chair of the Health Committee, I worry very, very much that he could literally collapse the entire system,” he continued. “We don’t have enough doctors right now. Who in the world is going to want to become a doctor in the midst of all of this?”
Source: The Hill