Dimon: Global debt will bite eventually as deficits mount

JPMorgan CEO Jamie Dimon warned on the company’s earnings call that governments worldwide must confront large deficits, cautioning that debt will eventually bite if borrowing continues unchecked, even as near-term economic indicators look solid. The piece highlights U.S. interest payments, CBO deficit projections for fiscal 2026, and who holds U.S. debt, noting vast holdings by central banks and foreign buyers while Dimon emphasizes focusing on clients rather than predicting outcomes.