Jamie Dimon Strikes Congress "Infantile Habits" Whereas Coronavirus Aid Is Caught
Jamie Dimon, CEO of JPMorgan Chase, speaks at the 2019 Building Trades Unions (NABTU) Legislative Conference in Washington on April 9, 2019 in Washington.
Jeenah Moon | Reuters
Jamie Dimon, CEO of JPMorgan Chase, criticized lawmakers for a month-long standstill during a second round of coronavirus relief to help unemployed Americans and struggling businesses as the pandemic deepens.
"I know now that we have this big debate. Is it $ 2.2 trillion, $ 1.5 trillion?" Dimon said Wednesday at the New York Times Dealbook conference, referring to competing visions for an aid bill from Democrats and Republicans.
"You must be kidding," Dimon said to Andrew Ross Sorkin. "I mean, just split the baby and move on. This is childish behavior from our politicians."
Congress has not yet passed a second auxiliary bill after key parts of the first bill, the CARES bill, expired in July. While financial troubles for the unemployed and small businesses will mount as Covid-19 infections set new records across the country, leaders of both parties have not met since the November 3rd presidential election.
Dimon urged lawmakers to agree on fiscal incentives that would act as a bridge until mid-2021 when promising vaccines could be widely used.
In particular, the "bottom 20%" of the workforce feel pain about job losses, unlike in previous recessions, Dimon said.
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