Yellen's Meetings with Bank CEOs Highlight Debt Ceiling Concerns
US Treasury Secretary Janet Yellen is set to meet with the CEOs of major banks, including Bank of America, JPMorgan, and Citigroup, at the annual meeting of the Bank Policy Institute on Thursday. The discussion is expected to focus on the debt ceiling and the ongoing banking crisis. Yellen's meeting comes as the country faces a potential default on its debt, with time running out to raise the ceiling. JPMorgan CEO Jamie Dimon recently warned of the potentially catastrophic consequences of a default and revealed that the bank is preparing for the risk.